ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0844%/8h= +92.4% APRnext payment +$4.22 per $10,000 · paid last 24h +0.062%

Price spread now: KuCoin against Gate+0.052%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$210as in the Funding arb table

Net, price: spread back to 7d avg − costs−$215as in the Price arb table

costs, in and out, $10k−$2092.087% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.052%, 7d avg +0.116%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.063% cheaper against Gate than usual: you would sell low and buy high (spread +0.052% now, against its 7-day average of +0.116%). If the spread goes back, that is −$6 on $10k: about 6 hours of funding at the current rate (+$25 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.22 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	Gate ZETA_USDT	0.05729	−0.1326	get 0.0663% / 4h	2h 19m	$559K	$6.4M	25x
Short	KuCoin ZETAUSDTM	0.05732	−0.0482	pay 0.0241% / 4h	2h 19m	$962K	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee KuCoinbpOrdersPrice spread, now +0.052%Rate

Funding earned: $177.24
Price spread: +0.052% → +0.116%: −$6.33
Slippage, 4 orders: −$181.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$37.84
Costs to cover: 2.087%
Break-even: 8.5 days

Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 6 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 Gate live order book, 2 min ago	6.96 bp	35.1 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	9.60 bp	60.3 bp −$60	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	−0.3028%	1h	0.05728	−0.018%	$57K	$551K	10x	as long as short
Variational Omni ZETA	−0.1728%	4h	0.05744	+0.267%	$123K	$490K	—	as long as short
Bybit ZETAUSDT	−0.1411%	4h	0.05720	−0.157%	$4.6M	$69.0M	25x	as long as short
Gate ZETA_USDTlong	−0.1326%	4h	0.05729	long leg	$559K	$6.4M	25x
BloFin ZETA-USDT	−0.0948%	4h	0.05733	+0.070%	$349K	$1.1M	50x	as long as short
Binance ZETAUSDT	−0.0883%	4h	0.05720	−0.157%	$7.2M	$254.3M	50x	as long as short
MEXC ZETA_USDT	−0.0880%	4h	0.05719	−0.175%	$1.3M	$8.9M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.0637%	4h	0.05719	−0.175%	$1.1M	$35.6M	20x	as long as short
KuCoin ZETAUSDTMshort	−0.0482%	4h	0.05732	+0.052%	$962K	$4.0M	20x
Hyperliquid ZETA	−0.0187%	1h	0.05722	−0.122%	$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	+12.760%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05718	−0.192%	$2.4M	$51.0M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.05733	+0.070%	—	$6.8M	—	as long as short