ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0498%/8h= +54.5% APRnext payment +$2.49 per $10,000 · paid last 24h −0.010%

Price spread now: KuCoin against BloFin−0.121%7-day average +0.176% · you buy dearer than you sell

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$1881.881% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)−0.523%−$52 · spread now −0.121%, 7d avg +0.176%

Together, before fees−0.609%−$61 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.297% cheaper against BloFin than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of +0.176%). If the spread goes back, that is −$30 on $10k: about 48 hours of funding at the current rate (+$15 a day). Mind the row above: over the last 7 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.49 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	BloFin ZETA-USDT	0.05801	−0.1092	get 0.0546% / 4h	3h 35m	$358K	$1.2M	50x
Short	KuCoin ZETAUSDTM	0.05794	−0.0594	pay 0.0297% / 4h	3h 35m	$964K	$4.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now −0.121%Rate

Funding earned: $104.58
Price spread: −0.121% → +0.176%: −$29.69
Slippage, 4 orders: −$164.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$113.25
Costs to cover: 1.881%
Break-even: 14.6 days

Slippage from BloFin: live order book, 2 min ago; KuCoin: live order book, 2 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 BloFin live order book, 2 min ago	1.72 bp	17.8 bp −$18	55.8 bp −$558	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	11.22 bp	67.2 bp −$67	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
Kraken Futures PF_ZETAUSD	−0.3699%	1h	0.05790	−0.181%	$56K	$609K	10x	as long as short
Bybit ZETAUSDT	−0.2131%	4h	0.05797	−0.069%	$4.7M	$77.1M	25x	as long as short
Gate ZETA_USDT	−0.1858%	4h	0.05796	−0.086%	$581K	$7.1M	25x	as long as short
Variational Omni ZETA	−0.1693%	4h	0.05793	−0.146%	$119K	$575K	—	as long as short
BloFin ZETA-USDTlong	−0.1092%	4h	0.05801	long leg	$358K	$1.2M	50x
MEXC ZETA_USDT	−0.1054%	4h	0.05801	0.000%	$1.2M	$9.8M	50x	as long as short
Binance ZETAUSDT	−0.1049%	4h	0.05787	−0.236%	$7.5M	$287.8M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.0693%	4h	0.05792	−0.155%	$1.1M	$40.5M	20x	as long as short
KuCoin ZETAUSDTMshort	−0.0594%	4h	0.05794	−0.121%	$964K	$4.5M	20x
Hyperliquid ZETA	−0.0112%	1h	0.05796	−0.086%	$1.6M	$3.0M	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	+11.360%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05799	−0.034%	$2.5M	$56.6M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.05794	−0.121%	—	$7.2M	—	as long as short