ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0574%/8h= −62.9% APRnext payment −$2.87 per $10,000 · paid last 24h −0.191%

Price spread now: KuCoin against Bitget−0.132%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$231as in the Funding arb table

Net, price: spread back to 7d avg − costs−$226as in the Price arb table

costs, in and out, $10k−$2102.095% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 7 days+0.189%+$19 · spread now −0.132%, 7d avg +0.035%

Together, before fees−0.025%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and KuCoin is 0.167% cheaper against Bitget than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.214% in total (about -11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.87 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZETAUSDT	0.06058	0.0100	pay 0.0050% / 4h	3h 01m	$2.3M	$67.5M	50x
Short	KuCoin ZETAUSDTM	0.06050	−0.0474	pay 0.0237% / 4h	3h 01m	$1.2M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.132%Rate

Funding earned: −$120.54
Price spread: −0.132% → +0.035%: −$16.74
Slippage, 4 orders: −$185.53
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$346.81
Costs to cover: 2.095%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 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 Bitget live order book, 3 min ago	3.33 bp	31.4 bp −$31	113.8 bp −$1,138	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	9.99 bp	65.6 bp −$66	doesn't fit	doesn't fit	doesn't fit

ZETA on 13 venues

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
Variational Omni ZETA	−0.1073%	4h	0.06038	−0.323%	$114K	$697K	—	as long as short
Bybit ZETAUSDT	−0.0967%	4h	0.06049	−0.149%	$5.2M	$90.9M	25x	as long as short
Gate ZETA_USDT	−0.0786%	4h	0.06050	−0.132%	$666K	$10.2M	25x	as long as short
Kraken Futures PF_ZETAUSD	−0.0671%	1h	0.06044	−0.227%	$54K	$734K	10x	as long as short
OKX ZETA-USDT-SWAP	−0.0539%	4h	0.06042	−0.264%	$1.3M	$52.0M	20x	as long as short
KuCoin ZETAUSDTMshort	−0.0474%	4h	0.06050	−0.132%	$1.2M	$5.5M	20x
BloFin ZETA-USDT	−0.0467%	4h	0.06050	−0.132%	$401K	$1.4M	50x	as long as short
Binance ZETAUSDT	−0.0454%	4h	0.06050	−0.137%	$8.4M	$349.2M	50x	as long as short
MEXC ZETA_USDT	−0.0452%	4h	0.06048	−0.165%	$1.2M	$13.0M	50x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+6.636%	$1K	$1K	5.5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETA	+0.0100%	1h	0.06050	−0.132%	$1.7M	$3.6M	3x	as long as short
Bitget ZETAUSDTlong	+0.0100%	4h	0.06058	long leg	$2.3M	$67.5M	50x
BingX ZETA-USDT	+0.0100%	4h	0.06051	−0.116%	—	$7.9M	—	as long as short