ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0384%/8h= −42.0% APRnext payment −$1.92 per $10,000 · paid last 24h +0.055%

Price spread now: MEXC against KuCoin−0.034%7-day average −0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1611.612% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 7 days−0.018%−$2 · spread now −0.034%, 7d avg −0.105%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.071% dearer against KuCoin than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.105%): +$7 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 7 days funding on this pair paid +0.100%, 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 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.92 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	0.05876	−0.0766	get 0.0383% / 4h	37m 29s	$1.0M	$4.6M	20x
Short	MEXC ZETA_USDT	0.05874	−0.1150	pay 0.0575% / 4h	37m 29s	$1.2M	$10.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$80.64
Price spread: −0.034% → −0.105%: $7.06
Slippage, 4 orders: −$145.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$234.8
Costs to cover: 1.612%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; MEXC: live order book, 6 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, 10 min ago	10.15 bp	76.8 bp −$77	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	1.71 bp	8.5 bp −$8	61.8 bp −$618	124.7 bp −$12.5K	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	−0.3034%	1h	0.05871	−0.077%	$52K	$632K	10x	as long as short
Variational Omni ZETA	−0.1589%	4h	0.05866	−0.164%	$121K	$661K	—	as long as short
Gate ZETA_USDT	−0.1278%	4h	0.05876	0.000%	$617K	$8.1M	25x	as long as short
MEXC ZETA_USDTshort	−0.1150%	4h	0.05874	−0.034%	$1.2M	$10.2M	50x
BloFin ZETA-USDT	−0.1148%	4h	0.05873	−0.051%	$374K	$1.2M	50x	as long as short
Binance ZETAUSDT	−0.1137%	4h	0.05873	−0.044%	$7.8M	$300.5M	50x	as long as short
Bybit ZETAUSDT	−0.1025%	4h	0.05877	+0.017%	$4.9M	$80.0M	25x	as long as short
OKX ZETA-USDT-SWAP	−0.0779%	4h	0.05873	−0.051%	$1.2M	$42.8M	20x	as long as short
KuCoin ZETAUSDTMlong	−0.0766%	4h	0.05876	long leg	$1.0M	$4.6M	20x
Hyperliquid ZETA	−0.0397%	1h	0.05873	−0.051%	$1.6M	$3.1M	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	+9.939%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05882	+0.102%	$2.4M	$58.1M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.05875	−0.017%	—	$7.3M	—	as long as short