ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.38 per $10,000 · paid last 24h +0.056%

Price spread now: Bybit against KuCoin−0.336%7-day average −0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$1751.751% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 7 days+0.199%+$20 · spread now −0.336%, 7d avg −0.112%

Together, before fees+0.297%+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.224% cheaper against KuCoin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.112%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.098%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZETAUSDTM	0.05952	−0.0650	get 0.0325% / 4h	3h 30m	$1.2M	$5.8M	20x
Short	Bybit ZETAUSDT	0.05932	−0.0725	pay 0.0363% / 4h	3h 30m	$4.9M	$93.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.336%Rate

Funding earned: −$15.81
Price spread: −0.336% → −0.112%: −$22.41
Slippage, 4 orders: −$152.06
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$213.29
Costs to cover: 1.751%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago	11.71 bp	61.4 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	2.53 bp	22.1 bp −$22	101.6 bp −$1,016	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
Variational Omni ZETA	−0.0937%	4h	0.05934	−0.303%	$112K	$730K	—	as long as short
Gate ZETA_USDT	−0.0792%	4h	0.05947	−0.084%	$601K	$10.0M	25x	as long as short
Bybit ZETAUSDTshort	−0.0725%	4h	0.05932	−0.336%	$4.9M	$93.7M	25x
Kraken Futures PF_ZETAUSD	−0.0682%	1h	0.05949	−0.057%	$48K	$729K	10x	as long as short
KuCoin ZETAUSDTMlong	−0.0650%	4h	0.05952	long leg	$1.2M	$5.8M	20x
OKX ZETA-USDT-SWAP	−0.0593%	4h	0.05936	−0.269%	$1.2M	$53.5M	20x	as long as short
Binance ZETAUSDT	−0.0502%	4h	0.05944	−0.129%	$8.1M	$360.6M	50x	as long as short
MEXC ZETA_USDT	−0.0498%	4h	0.05950	−0.034%	$1.2M	$12.9M	50x	as long as short
BloFin ZETA-USDT	−0.0487%	4h	0.05940	−0.202%	$394K	$1.4M	50x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+8.535%	$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	0.05947	−0.084%	$1.7M	$3.8M	3x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05946	−0.101%	$2.3M	$70.0M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.05953	+0.017%	—	$8.0M	—	as long as short