ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0480%/8h= +52.6% APRnext payment +$2.40 per $10,000 · paid last 24h −0.032%

Price spread now: KuCoin against Bybit−0.356%7-day average +0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$243as in the Price arb table

costs, in and out, $10k−$1951.950% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)+0.592%+$59 · spread now −0.356%, 7d avg +0.123%

Together, before fees+0.508%+$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.479% cheaper against Bybit than usual: you would sell low and buy high (spread −0.356% now, against its 7-day average of +0.123%). If the spread goes back, that is −$48 on $10k: about 3.3 days of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.084%, 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 -0.084% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.40 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	Bybit ZETAUSDT	0.05907	−0.2178	get 0.1089% / 4h	3h 23m	$5.2M	$85.1M	25x
Short	KuCoin ZETAUSDTM	0.05886	−0.1698	pay 0.0849% / 4h	3h 23m	$1.1M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.356%Rate

Funding earned: $100.86
Price spread: −0.356% → +0.123%: −$47.87
Slippage, 4 orders: −$172.01
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$142.02
Costs to cover: 1.950%
Break-even: 16.9 days

Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago	4.23 bp	25.9 bp −$26	106.0 bp −$1,060	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	13.72 bp	71.7 bp −$72	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	−0.3158%	4h	0.05895	−0.203%	$595K	$10.1M	25x	as long as short
Kraken Futures PF_ZETAUSD	−0.2748%	1h	0.05927	+0.334%	$49K	$708K	10x	as long as short
BingX ZETA-USDT	−0.2338%	4h	0.05905	−0.034%	—	$7.2M	—	as long as short
Bybit ZETAUSDTlong	−0.2178%	4h	0.05907	long leg	$5.2M	$85.1M	25x
MEXC ZETA_USDT	−0.2068%	4h	0.05891	−0.271%	$1.2M	$12.1M	50x	as long as short
Binance ZETAUSDT	−0.2065%	4h	0.05901	−0.102%	$8.1M	$329.3M	50x	as long as short
BloFin ZETA-USDT	−0.2059%	4h	0.05917	+0.169%	$390K	$1.1M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.1951%	4h	0.05906	−0.017%	$1.1M	$50.3M	20x	as long as short
KuCoin ZETAUSDTMshort	−0.1698%	4h	0.05886	−0.356%	$1.1M	$5.5M	20x
Variational Omni ZETA	−0.1556%	4h	0.05815	−1.565%	$109K	$747K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETA	−0.0648%	1h	0.05889	−0.305%	$1.6M	$3.9M	3x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+9.362%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05915	+0.135%	$2.2M	$63.3M	50x	as long as short