Funding you earn now, next payment 20:00 UTC−0.3183%/8hpaid last 24h −0.300%
Price spread now: Kraken Futures against BloFin+0.107%57s7-day average +0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$331as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1771.766% of the position
Funding, last 7 days−1.541%−$154 on $10k
+Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.107%, 7d avg +0.086%
=The price spread pays, funding is against you. Kraken Futures is 0.021% dearer against BloFin than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.086%): +$2 on $10k if it goes back. Holding the pair costs −$95 a day in funding at the current rate, which eats that in about under an hour. At the pace of the last 7 days (−1.541% in total) that is about 2 hours. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.541% in total (about -80.4% a year). A funding rate is set anew for every payment. 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 | BloFin ZETA-USDT | 0.06128 | 0.0023 | pay 0.0011% / 4h | 5m 27s | $424K | $944K | 50x |
| Short | Kraken Futures PF_ZETAUSD | 0.06135 | −0.3161 | pay 0.0395% / 1h | 5m 27s | $63K | $612K | 10x |
BloFin ZETA-USDT
Kraken Futures PF_ZETAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$668.49
- Price spread: +0.107% → +0.086%
- $2.07
- Slippage, 4 orders
- −$154.64
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$843.06
- Costs to cover
- 1.766%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 26 min ago; Kraken Futures: live order book, 27 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 BloFin live order book, 26 min ago | 5.67 bp | 18.9 bp −$19 | 46.5 bp −$465 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 27 min ago | 38.90 bp | 51.7 bp −$52 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZETAUSDshort | −0.3161% | 1h | 0.06135 | +0.107% | $63K | $612K | 10x | |
| KuCoin ZETAUSDTM | −0.0414% | 4h | 0.06149 | +0.343% | $1.2M | $4.9M | 20x | as long as short |
| Gate ZETA_USDT | −0.0200% | 4h | 0.06145 | +0.277% | $627K | $9.3M | 25x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0076% | 4h | 0.06140 | +0.196% | $1.2M | $46.1M | 20x | as long as short |
| BingX ZETA-USDT | −0.0072% | 4h | 0.06146 | +0.294% | — | $6.5M | — | as long as short |
| Binance ZETAUSDT | −0.0014% | 4h | 0.06148 | +0.326% | $8.5M | $292.0M | 50x | as long as short |
| MEXC ZETA_USDT | −0.0014% | 4h | 0.06151 | +0.375% | $1.7M | $11.2M | 50x | as long as short |
| BloFin ZETA-USDTlong | +0.0023% | 4h | 0.06128 | long leg | $424K | $944K | 50x | |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +5.418% | $1K | $5K | 5.5x | as long as short |
| Hyperliquid ZETA | +0.0100% | 1h | 0.06148 | +0.326% | $1.8M | $3.6M | 3x | as long as short |
KuCoin ZETAUSDTM
Gate ZETA_USDT
OKX ZETA-USDT-SWAP
BingX ZETA-USDT
Binance ZETAUSDT
MEXC ZETA_USDT
Injective ZETA/USDC PERP
Hyperliquid ZETAShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZETAUSDT | +0.0100% | 4h | 0.06142 | +0.228% | $5.5M | $75.4M | 25x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.06147 | +0.310% | $2.3M | $55.7M | 50x | as long as short |
| Variational Omni ZETA | +0.0100% | 4h | 0.06139 | +0.187% | $143K | $694K | — | as long as short |
Bybit ZETAUSDT
Bitget ZETAUSDT
Variational Omni ZETA