Funding you earn now, next payment 08:00 UTC−0.0344%/8h= −37.7% APRnext payment −$1.72 per $10,000 · paid last 24h +0.057%
Price spread now: BloFin against KuCoin0.000%7-day average −0.178% · you sell dearer than you buy
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1871.867% of the position
Funding, last 7 days+0.115%+$11 on $10k
+Price spread, last 4 days (all we have)+0.072%+$7 · spread now 0.000%, 7d avg −0.178%
=The price spread pays, funding is against you. BloFin is 0.178% dearer against KuCoin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.178%): +$18 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 41 hours. Mind the row above: over the last 7 days funding on this pair paid +0.115%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.72 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 | KuCoin ZETAUSDTM | 0.05725 | −0.0780 | get 0.0390% / 4h | 15m 13s | $960K | $4.5M | 20x |
| Short | BloFin ZETA-USDT | 0.05725 | −0.1124 | pay 0.0562% / 4h | 15m 13s | $366K | $1.2M | 50x |
KuCoin ZETAUSDTM
BloFin ZETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$72.33
- Price spread: 0.000% → −0.178%
- $17.77
- Slippage, 4 orders
- −$162.67
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$241.23
- Costs to cover
- 1.867%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; BloFin: live order book, 2 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 KuCoin live order book, 2 min ago | 11.38 bp | 77.2 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 2.62 bp | 22.4 bp −$22 | 76.2 bp −$762 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZETAUSD | −0.3121% | 1h | 0.05709 | −0.277% | $54K | $629K | 10x | as long as short |
| Variational Omni ZETA | −0.1552% | 4h | 0.05716 | −0.155% | $117K | $655K | — | as long as short |
| Gate ZETA_USDT | −0.1308% | 4h | 0.05720 | −0.087% | $583K | $8.2M | 25x | as long as short |
| MEXC ZETA_USDT | −0.1172% | 4h | 0.05729 | +0.070% | $1.2M | $10.2M | 50x | as long as short |
| Binance ZETAUSDT | −0.1165% | 4h | 0.05728 | +0.052% | $7.4M | $296.6M | 50x | as long as short |
| BloFin ZETA-USDTshort | −0.1124% | 4h | 0.05725 | 0.000% | $366K | $1.2M | 50x | |
| Bybit ZETAUSDT | −0.0986% | 4h | 0.05728 | +0.052% | $4.7M | $79.1M | 25x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0793% | 4h | 0.05727 | +0.035% | $1.1M | $41.1M | 20x | as long as short |
| KuCoin ZETAUSDTMlong | −0.0780% | 4h | 0.05725 | long leg | $960K | $4.5M | 20x | |
| Hyperliquid ZETA | −0.0307% | 1h | 0.05725 | 0.000% | $1.6M | $3.1M | 3x | as long as short |
Kraken Futures PF_ZETAUSD
Variational Omni ZETA
Gate ZETA_USDT
MEXC ZETA_USDT
Binance ZETAUSDT
Bybit ZETAUSDT
OKX ZETA-USDT-SWAP
Hyperliquid ZETAShow 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 | +12.838% | $1K | $1K | 5.5x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05730 | +0.087% | $2.4M | $57.4M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.05722 | −0.052% | — | $7.3M | — | as long as short |
Injective ZETA/USDC PERP
Bitget ZETAUSDT
BingX ZETA-USDT