ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0582%/8h= −63.7% APRnext payment −$2.91 per $10,000 · paid last 24h −0.079%

Price spread now: KuCoin against BingX+0.105%7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$167as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1571.568% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 7 days−0.071%−$7 · spread now +0.105%, 7d avg +0.102%

Together, before fees−0.169%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.102%, so right now this pair is about funding alone: −$17 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.098% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.91 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZETA-USDT	0.05727	0.0100	pay 0.0050% / 4h	2h 18m	—	$6.8M	—
Short	KuCoin ZETAUSDTM	0.05733	−0.0482	pay 0.0241% / 4h	2h 18m	$962K	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee KuCoinbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$122.22
Price spread: +0.105% → +0.102%: $0.29
Slippage, 4 orders: −$134.83
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$278.76
Costs to cover: 1.568%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; KuCoin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 12 min ago	2.60 bp	16.3 bp −$16	57.6 bp −$576	536.3 bp −$53.6K	820.8 bp −$410.4K
Sell KuCoin live order book, 2 min ago	11.36 bp	52.4 bp −$52	doesn't fit	doesn't fit	doesn't fit

ZETA on 13 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZETAUSD	−0.3025%	1h	0.05734	+0.126%	$57K	$551K	10x	as long as short
Variational Omni ZETA	−0.1728%	4h	0.05744	+0.302%	$123K	$490K	—	as long as short
Bybit ZETAUSDT	−0.1411%	4h	0.05729	+0.035%	$4.7M	$68.9M	25x	as long as short
Gate ZETA_USDT	−0.1304%	4h	0.05732	+0.087%	$559K	$6.4M	25x	as long as short
Binance ZETAUSDT	−0.0883%	4h	0.05731	+0.063%	$7.2M	$253.9M	50x	as long as short
MEXC ZETA_USDT	−0.0882%	4h	0.05728	+0.017%	$1.3M	$8.9M	50x	as long as short
BloFin ZETA-USDT	−0.0825%	4h	0.05715	−0.210%	$348K	$1.1M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.0637%	4h	0.05727	0.000%	$1.1M	$35.5M	20x	as long as short
KuCoin ZETAUSDTMshort	−0.0482%	4h	0.05733	+0.105%	$962K	$4.0M	20x
Hyperliquid ZETA	−0.0173%	1h	0.05727	0.000%	$1.6M	$2.9M	3x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+12.799%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05728	+0.017%	$2.4M	$50.8M	50x	as long as short
BingX ZETA-USDTlong	+0.0100%	4h	0.05727	long leg	—	$6.8M	—