ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0773%/8h= +84.6% APRnext payment +$0.97 per $10,000 · paid last 24h +0.329%

Price spread now: Hyperliquid against Kraken Futures−0.014%7-day average −0.039% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+1.127%+$113 on $10k

Price spread, last 4 days (all we have)−0.579%−$58 · spread now −0.014%, 7d avg −0.039%

Together, before fees+0.548%+ Points / potential airdropHyperliquid: Season 2 · farm board+$55 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Hyperliquid is 0.025% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZETAUSD	0.06033	−0.0673	get 0.0084% / 1h	58m 05s	$50K	$731K	10x
Short	Hyperliquid ZETA	0.06032	0.0100	get 0.0013% / 1h	58m 05s	$1.7M	$4.0M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Kraken Futures. 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 Kraken FuturesbpFee HyperliquidbpOrdersPrice spread, now −0.014%Rate

Funding earned: $162.23
Price spread: −0.014% → −0.039%: $2.47
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $145.7
Costs to cover: 0.190%
Break-even: 0.7 days

Slippage unknown: Kraken Futures: live order book, 60 min ago; Hyperliquid: live order book, 3 min ago. Net counts fees only.

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 Kraken Futures live order book, 60 min ago	81.89 bp	88.3 bp −$88	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	4.98 bp	24.9 bp −$25	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 ZETAUSDTM	−0.1010%	4h	0.06048	+0.251%	$1.3M	$5.9M	20x	as long as short
Variational Omni ZETA	−0.0954%	4h	0.06045	+0.209%	$118K	$773K	—	as long as short
OKX ZETA-USDT-SWAP	−0.0910%	4h	0.06034	+0.019%	$1.3M	$57.2M	20x	as long as short
BloFin ZETA-USDT	−0.0733%	4h	0.06015	−0.296%	$410K	$1.4M	50x	as long as short
Binance ZETAUSDT	−0.0687%	4h	0.06037	+0.069%	$8.4M	$374.2M	50x	as long as short
MEXC ZETA_USDT	−0.0686%	4h	0.06034	+0.019%	$1.2M	$12.8M	50x	as long as short
Kraken Futures PF_ZETAUSDlong	−0.0673%	1h	0.06033	long leg	$50K	$731K	10x
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+7.080%	$1K	$1K	5.5x	as long as short
Hyperliquid ZETAshort	+0.0100%	1h	0.06032	−0.014%	$1.7M	$4.0M	3x
Bybit ZETAUSDT	+0.0100%	4h	0.06032	−0.014%	$5.2M	$96.3M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZETA_USDT	+0.0100%	4h	0.06038	+0.085%	$633K	$9.9M	25x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.06032	−0.014%	$2.3M	$72.9M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.06033	+0.002%	—	$8.1M	—	as long as short