Funding arb · Price arb /

ZETA

all ZETA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0526%/8h= +57.6% APRpaid last 24h −0.313%

Price spread now: Kraken Futures against MEXC−0.032%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$263as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1121.122% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.509%−$151 on $10k

Price spread, last 3 days (all we have)+0.474%+$47 · spread now −0.032%, 7d avg +0.028%

Together, before fees−1.034%−$103 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.059% cheaper against MEXC than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.028%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 7 days funding on this pair cost −1.509%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZETA_USDT	0.05998	−0.0792	get 0.0396% / 4h	1h 08m	$1.5M	$11.6M	50x
Short	Kraken Futures PF_ZETAUSD	0.05996	−0.0266	pay 0.0033% / 1h	8m 10s	$66K	$634K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now −0.032%Rate

Funding earned: $110.5
Price spread: −0.032% → +0.028%: −$5.91
Slippage, 4 orders: −$98.2
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$7.61
Costs to cover: 1.122%
Break-even: 7.5 days

Slippage from MEXC: live order book, 5 min ago; Kraken Futures: live order book, 10 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 MEXC live order book, 5 min ago	2.51 bp	8.5 bp −$9	44.8 bp −$448	123.7 bp −$12.4K	doesn't fit
Sell Kraken Futures live order book, 10 min ago	20.81 bp	36.1 bp −$36	doesn't fit	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
Gate ZETA_USDT	−0.1258%	4h	0.06000	+0.033%	$626K	$9.5M	25x	as long as short
Binance ZETAUSDT	−0.0794%	4h	0.05998	0.000%	$8.5M	$306.9M	50x	as long as short
MEXC ZETA_USDTlong	−0.0792%	4h	0.05998	long leg	$1.5M	$11.6M	50x
BloFin ZETA-USDT	−0.0788%	4h	0.05982	−0.267%	$414K	$1.0M	50x	as long as short
BingX ZETA-USDT	−0.0724%	4h	0.05990	−0.133%	—	$6.8M	—	as long as short
OKX ZETA-USDT-SWAP	−0.0672%	4h	0.05992	−0.100%	$1.1M	$46.5M	20x	as long as short
KuCoin ZETAUSDTM	−0.0654%	4h	0.05988	−0.167%	$1.1M	$5.1M	20x	as long as short
Variational Omni ZETA	−0.0438%	4h	0.05960	−0.639%	$141K	$708K	—	as long as short
Kraken Futures PF_ZETAUSDshort	−0.0266%	1h	0.05996	−0.032%	$66K	$634K	10x
Hyperliquid ZETA	−0.0232%	1h	0.05995	−0.050%	$1.7M	$3.8M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZETAUSDT	−0.0216%	4h	0.05989	−0.150%	$5.3M	$79.0M	25x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+7.703%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05999	+0.017%	$2.2M	$58.2M	50x	as long as short