ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0775%/8h= −84.8% APRnext payment −$3.87 per $10,000 · paid last 24h −0.032%

Price spread now: KuCoin against Bybit0.000%7-day average +0.113% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$233as in the Price arb table

costs, in and out, $10k−$2222.222% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$8 on $10k

Price spread, last 7 days+0.193%+$19 · spread now 0.000%, 7d avg +0.113%

Together, before fees+0.108%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and KuCoin is 0.113% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.113%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.87 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	Bybit ZETAUSDT	0.06489	−0.1033	get 0.0517% / 4h	1h 08m	$5.9M	$92.9M	25x
Short	KuCoin ZETAUSDTM	0.06489	−0.1808	pay 0.0904% / 4h	1h 08m	$1.2M	$5.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$162.69
Price spread: 0.000% → +0.113%: −$11.29
Slippage, 4 orders: −$199.21
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$396.19
Costs to cover: 2.222%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; KuCoin: live order book, 9 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 Bybit live order book, 6 min ago	4.63 bp	30.0 bp −$30	86.4 bp −$864	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	12.34 bp	79.2 bp −$79	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
KuCoin ZETAUSDTMshort	−0.1808%	4h	0.06489	0.000%	$1.2M	$5.8M	20x
OKX ZETA-USDT-SWAP	−0.1738%	4h	0.06476	−0.200%	$1.4M	$60.1M	20x	as long as short
BloFin ZETA-USDT	−0.1628%	4h	0.06460	−0.447%	$431K	$1.4M	50x	as long as short
MEXC ZETA_USDT	−0.1620%	4h	0.06494	+0.077%	$1.2M	$12.5M	50x	as long as short
Binance ZETAUSDT	−0.1600%	4h	0.06498	+0.136%	$9.2M	$358.6M	50x	as long as short
Kraken Futures PF_ZETAUSD	−0.1586%	1h	0.06487	−0.030%	$50K	$731K	10x	as long as short
Variational Omni ZETA	−0.1527%	4h	0.06452	−0.566%	$122K	$766K	—	as long as short
Gate ZETA_USDT	−0.1358%	4h	0.06493	+0.062%	$659K	$11.0M	25x	as long as short
Hyperliquid ZETA	−0.1173%	1h	0.06495	+0.092%	$1.8M	$4.1M	3x	as long as short
Bybit ZETAUSDTlong	−0.1033%	4h	0.06489	long leg	$5.9M	$92.9M	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	−0.447%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.06500	+0.170%	$2.5M	$69.6M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.06488	−0.015%	—	$7.8M	—	as long as short