Funding arb · Price arb /

ZETA

all ZETA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0082%/8h= +8.9% APRpaid last 24h +0.237%

Price spread now: MEXC against Kraken Futures+0.067%51s7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as 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−$1911.912% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+1.381%+$138 on $10k

Price spread, last 4 days (all we have)−0.510%−$51 · spread now +0.067%, 7d avg −0.005%

Together, before fees+0.871%+$87 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.072% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.005%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZETAUSD	0.05901	−0.0688	get 0.0086% / 1h	47m 30s	$49K	$732K	10x
Short	MEXC ZETA_USDT	0.05905	−0.0606	pay 0.0303% / 4h	3h 47m	$1.2M	$12.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Kraken Futures. 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now +0.067%Rate

Funding earned: $17.12
Price spread: +0.067% → −0.005%: $7.21
Slippage, 4 orders: −$177.17
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$166.84
Costs to cover: 1.912%
Break-even: 75.2 days

Slippage from Kraken Futures: live order book, 6 min ago; MEXC: live order book, 1 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 Kraken Futures live order book, 6 min ago	53.22 bp	79.8 bp −$80	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	5.93 bp	12.5 bp −$12	64.4 bp −$644	130.1 bp −$13.0K	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
Variational Omni ZETA	−0.0896%	4h	0.05928	+0.464%	$115K	$756K	—	as long as short
KuCoin ZETAUSDTM	−0.0850%	4h	0.05907	+0.101%	$1.2M	$5.8M	20x	as long as short
Gate ZETA_USDT	−0.0814%	4h	0.05900	−0.018%	$601K	$9.9M	25x	as long as short
OKX ZETA-USDT-SWAP	−0.0778%	4h	0.05906	+0.084%	$1.2M	$54.5M	20x	as long as short
Kraken Futures PF_ZETAUSDlong	−0.0688%	1h	0.05901	long leg	$49K	$732K	10x
MEXC ZETA_USDTshort	−0.0606%	4h	0.05905	+0.067%	$1.2M	$12.9M	50x
Binance ZETAUSDT	−0.0598%	4h	0.05906	+0.084%	$8.0M	$367.6M	50x	as long as short
BloFin ZETA-USDT	−0.0596%	4h	0.05864	−0.628%	$401K	$1.4M	50x	as long as short
Bybit ZETAUSDT	−0.0238%	4h	0.05903	+0.033%	$4.9M	$95.2M	25x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+9.472%	$1K	$1K	5.5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETA	+0.0100%	1h	0.05904	+0.050%	$1.6M	$3.9M	3x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05907	+0.101%	$2.3M	$71.5M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.05905	+0.067%	—	$8.0M	—	as long as short