Settings8H · net · $10k
Funding arb · Price arb /

ZETA

all ZETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0158%/8h= −17.3% APRnext payment $0.79 per $10,000 · paid last 24h −0.041%
Price spread now: KuCoin against BloFin0.000%7-day average +0.160% · you sell dearer than you buy
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$241as in the Price arb table
costs, in and out, $10k−$2252.254% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.105%−$11 on $10k
Price spread, last 4 days (all we have)−0.643%−$64 · spread now 0.000%, 7d avg +0.160%
Together, before fees−0.749%−$75 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.160% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.160%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZETA-USDT0.06410−0.1592get 0.0796% / 4h1h 05m$432K$1.4M50x
ShortKuCoin ZETAUSDTM0.06410−0.1750pay 0.0875% / 4h1h 05m$1.2M$5.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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

Funding earned
−$33.25
Price spread: 0.000% → +0.160%
−$15.96
Slippage, 4 orders
−$201.42
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$274.63
Costs to cover
2.254%
Break-even
never at this rate
Slippage from BloFin: live order book, 2 min ago; KuCoin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 2 min ago11.74 bp25.9 bp −$2684.2 bp −$842doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago13.23 bp84.7 bp −$85doesn't fitdoesn't fitdoesn't fit

ZETA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ZETAUSDTMshort−0.1750%4h0.064100.000%$1.2M$5.8M20x
OKX ZETA-USDT-SWAP−0.1705%4h0.06389−0.328%$1.4M$59.4M20xas long as short
Kraken Futures PF_ZETAUSD−0.1608%1h0.06401−0.147%$50K$731K10xas long as short
BloFin ZETA-USDTlong−0.1592%4h0.06410long leg$432K$1.4M50x
MEXC ZETA_USDT−0.1578%4h0.06406−0.062%$1.2M$12.6M50xas long as short
Binance ZETAUSDT−0.1558%4h0.06415+0.073%$9.1M$359.4M50xas long as short
Variational Omni ZETA−0.1454%4h0.06372−0.597%$121K$767Kas long as short
Gate ZETA_USDT−0.1300%4h0.06404−0.094%$651K$11.0M25xas long as short
Hyperliquid ZETA−0.1096%1h0.06394−0.250%$1.8M$4.1M3xas long as short
Bybit ZETAUSDT−0.0964%4h0.06394−0.250%$5.8M$93.1M25xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZETA/USDC PERP+0.0033%1h0.06460+0.780%$1K$5K5.5xas long as short
Bitget ZETAUSDT+0.0100%4h0.06397−0.203%$2.5M$69.7M50xas long as short
BingX ZETA-USDT+0.0100%4h0.06403−0.109%$7.8Mas long as short