ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0376%/8h= −41.2% APRnext payment −$1.88 per $10,000 · paid last 24h +0.004%

Price spread now: Gate against KuCoin−0.116%7-day average −0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$237as in the Funding arb table

Net, price: spread back to 7d avg − costs−$242as in the Price arb table

costs, in and out, $10k−$2422.423% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.116%, 7d avg −0.115%

Together, before fees+0.099%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.115%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.049% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.88 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	0.06031	−0.0422	get 0.0211% / 4h	2h 53m	$1.2M	$5.5M	20x
Short	Gate ZETA_USDT	0.06024	−0.0798	pay 0.0399% / 4h	2h 53m	$665K	$9.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.116%Rate

Funding earned: −$78.96
Price spread: −0.116% → −0.115%: −$0.08
Slippage, 4 orders: −$215.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$321.3
Costs to cover: 2.423%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Gate: live order book, 5 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, 9 min ago	9.99 bp	81.5 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.83 bp	52.4 bp −$52	302.0 bp −$3,020	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	−0.2763%	1h	0.06027	−0.058%	$53K	$729K	10x	as long as short
Bybit ZETAUSDT	−0.1056%	4h	0.06005	−0.431%	$5.2M	$90.5M	25x	as long as short
Variational Omni ZETA	−0.1041%	4h	0.06093	+1.027%	$114K	$695K	—	as long as short
Gate ZETA_USDTshort	−0.0798%	4h	0.06024	−0.116%	$665K	$9.5M	25x
OKX ZETA-USDT-SWAP	−0.0528%	4h	0.06002	−0.481%	$1.3M	$51.1M	20x	as long as short
Binance ZETAUSDT	−0.0464%	4h	0.06009	−0.364%	$8.3M	$347.7M	50x	as long as short
MEXC ZETA_USDT	−0.0450%	4h	0.06012	−0.315%	$1.2M	$11.9M	50x	as long as short
BloFin ZETA-USDT	−0.0430%	4h	0.06058	+0.448%	$408K	$1.4M	50x	as long as short
KuCoin ZETAUSDTMlong	−0.0422%	4h	0.06031	long leg	$1.2M	$5.5M	20x
Hyperliquid ZETA	−0.0132%	1h	0.06012	−0.315%	$1.7M	$3.6M	3x	as long as short

Show 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	+7.113%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.06014	−0.282%	$2.3M	$67.0M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.06015	−0.265%	—	$7.8M	—	as long as short