ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0892%/8h= −97.7% APRnext payment −$4.46 per $10,000 · paid last 24h −0.076%

Price spread now: KuCoin against BingX−0.034%7-day average +0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1431.426% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 7 days+0.180%+$18 · spread now −0.034%, 7d avg +0.104%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and KuCoin is 0.138% cheaper against BingX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.104%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.066% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.46 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	BingX ZETA-USDT	0.05910	0.0100	pay 0.0050% / 4h	3h 43m	—	$8.0M	—
Short	KuCoin ZETAUSDTM	0.05908	−0.0792	pay 0.0396% / 4h	3h 43m	$1.2M	$5.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$187.32
Price spread: −0.034% → +0.104%: −$13.78
Slippage, 4 orders: −$120.63
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$343.73
Costs to cover: 1.426%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; KuCoin: 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 BingX live order book, 10 min ago	2.54 bp	16.4 bp −$16	48.3 bp −$483	398.4 bp −$39.8K	788.4 bp −$394.2K
Sell KuCoin live order book, 5 min ago	7.62 bp	53.4 bp −$53	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
Variational Omni ZETA	−0.0850%	4h	0.05901	−0.144%	$114K	$745K	—	as long as short
KuCoin ZETAUSDTMshort	−0.0792%	4h	0.05908	−0.034%	$1.2M	$5.8M	20x
OKX ZETA-USDT-SWAP	−0.0707%	4h	0.05906	−0.068%	$1.2M	$54.4M	20x	as long as short
Kraken Futures PF_ZETAUSD	−0.0690%	1h	0.05880	−0.510%	$49K	$734K	10x	as long as short
Gate ZETA_USDT	−0.0630%	4h	0.05906	−0.068%	$598K	$10.0M	25x	as long as short
BloFin ZETA-USDT	−0.0570%	4h	0.05860	−0.846%	$394K	$1.4M	50x	as long as short
MEXC ZETA_USDT	−0.0568%	4h	0.05899	−0.186%	$1.2M	$12.9M	50x	as long as short
Binance ZETAUSDT	−0.0559%	4h	0.05910	−0.002%	$8.0M	$366.3M	50x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+9.306%	$1K	$1K	5.5x	as long as short
Hyperliquid ZETA	+0.0100%	1h	0.05902	−0.135%	$1.6M	$4.0M	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	+0.0100%	4h	0.05902	−0.135%	$4.9M	$94.8M	25x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05905	−0.085%	$2.3M	$71.2M	50x	as long as short
BingX ZETA-USDTlong	+0.0100%	4h	0.05910	long leg	—	$8.0M	—