Funding you earn now, next payment 02:00 UTC−0.1060%/8h= −116.1% APRpaid last 24h −0.340%
Price spread now: Kraken Futures against Bitget−0.010%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$314as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1651.648% of the position
Funding, last 7 days−1.491%−$149 on $10k
+Price spread, last 3 days (all we have)+0.201%+$20 · spread now −0.010%, 7d avg −0.037%
=The price spread pays, funding is against you. Kraken Futures is 0.027% dearer against Bitget than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.037%): +$3 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 2 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ZETAUSDT | 0.05884 | 0.0100 | pay 0.0050% / 4h | 2h 17m | $2.3M | $66.4M | 50x |
| Short | Kraken Futures PF_ZETAUSD | 0.05883 | −0.0960 | pay 0.0120% / 1h | 17m 46s | $48K | $719K | 10x |
Bitget ZETAUSDT
Kraken Futures PF_ZETAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$222.69
- Price spread: −0.010% → −0.037%
- $2.68
- Slippage, 4 orders
- −$142.76
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$384.77
- Costs to cover
- 1.648%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Kraken Futures: live order book, 50 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 Bitget live order book, 1 min ago | 3.40 bp | 19.6 bp −$20 | 82.6 bp −$826 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 50 min ago | 39.83 bp | 69.6 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
ZETA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZETAUSDTM | −0.2006% | 4h | 0.05881 | −0.051% | $1.1M | $5.6M | 20x | as long as short |
| OKX ZETA-USDT-SWAP | −0.1983% | 4h | 0.05879 | −0.085% | $1.1M | $52.4M | 20x | as long as short |
| Binance ZETAUSDT | −0.1885% | 4h | 0.05881 | −0.051% | $8.1M | $344.2M | 50x | as long as short |
| MEXC ZETA_USDT | −0.1884% | 4h | 0.05881 | −0.051% | $1.1M | $12.3M | 50x | as long as short |
| BingX ZETA-USDT | −0.1876% | 4h | 0.05880 | −0.068% | — | $7.4M | — | as long as short |
| Gate ZETA_USDT | −0.1638% | 4h | 0.05887 | +0.051% | $606K | $10.6M | 25x | as long as short |
| Variational Omni ZETA | −0.1469% | 4h | 0.05922 | +0.644% | $114K | $757K | — | as long as short |
| Kraken Futures PF_ZETAUSDshort | −0.0960% | 1h | 0.05883 | −0.010% | $48K | $719K | 10x | |
| Bybit ZETAUSDT | −0.0815% | 4h | 0.05879 | −0.085% | $5.3M | $88.9M | 25x | as long as short |
| Hyperliquid ZETA | −0.0566% | 1h | 0.05877 | −0.119% | $1.6M | $4.0M | 3x | as long as short |
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAP
Binance ZETAUSDT
MEXC ZETA_USDT
BingX ZETA-USDT
Gate ZETA_USDT
Variational Omni ZETA
Bybit ZETAUSDT
Hyperliquid ZETAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +9.789% | $1K | $5K | 5.5x | as long as short |
| Bitget ZETAUSDTlong | +0.0100% | 4h | 0.05884 | long leg | $2.3M | $66.4M | 50x |
Injective ZETA/USDC PERP