ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0742%/8h= −81.2% APRnext payment −$3.71 per $10,000 · paid last 24h −0.062%

Price spread now: KuCoin against Bitget−0.100%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1361.361% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.100%, 7d avg +0.043%

Together, before fees+0.041%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and KuCoin is 0.143% cheaper against Bitget than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.043%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.71 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	Bitget ZETAUSDT	0.06002	0.0100	pay 0.0050% / 4h	39m 18s	$2.3M	$58.5M	50x
Short	KuCoin ZETAUSDTM	0.05996	−0.0642	pay 0.0321% / 4h	39m 18s	$1.2M	$5.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.100%Rate

Funding earned: −$155.82
Price spread: −0.100% → +0.043%: −$14.28
Slippage, 4 orders: −$112.08
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$306.17
Costs to cover: 1.361%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 3 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, 5 min ago	2.49 bp	20.9 bp −$21	82.9 bp −$829	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	4.18 bp	49.4 bp −$49	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	−0.1392%	4h	0.06000	−0.033%	$629K	$9.5M	25x	as long as short
Binance ZETAUSDT	−0.0909%	4h	0.05999	−0.050%	$8.5M	$308.8M	50x	as long as short
MEXC ZETA_USDT	−0.0896%	4h	0.05998	−0.067%	$1.4M	$11.7M	50x	as long as short
BloFin ZETA-USDT	−0.0860%	4h	0.05995	−0.117%	$414K	$1.0M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.0842%	4h	0.05993	−0.150%	$1.2M	$46.8M	20x	as long as short
BingX ZETA-USDT	−0.0842%	4h	0.05997	−0.083%	—	$6.8M	—	as long as short
Variational Omni ZETA	−0.0673%	4h	0.05971	−0.521%	$137K	$712K	—	as long as short
KuCoin ZETAUSDTMshort	−0.0642%	4h	0.05996	−0.100%	$1.2M	$5.2M	20x
Bybit ZETAUSDT	−0.0421%	4h	0.05990	−0.200%	$5.3M	$79.4M	25x	as long as short
Hyperliquid ZETA	−0.0298%	1h	0.05997	−0.083%	$1.7M	$3.7M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZETAUSD	−0.0187%	1h	0.05997	−0.083%	$68K	$645K	10x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+7.631%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDTlong	+0.0100%	4h	0.06002	long leg	$2.3M	$58.5M	50x