Funding you earn now, next payment 04:00 UTC+0.2269%/8h= +248.5% APRpaid last 24h +0.350%
Price spread now: Bitget against Kraken Futures−0.861%48s7-day average +0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2652.652% of the position
Funding, last 7 days+1.484%+$148 on $10k
+Price spread, last 4 days (all we have)+0.403%+$40 · spread now −0.861%, 7d avg +0.038%
=Funding pays, the price is against you. Bitget is 0.900% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.861% now, against its 7-day average of +0.038%). If the spread goes back, that is −$90 on $10k: about 32 hours of funding at the current rate (+$68 a day). At the pace of the last 7 days (+1.484% in total) that is about 4.2 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.484% in total (about 77.4% a year). A funding rate is set anew for every payment. 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 | Kraken Futures PF_ZETAUSD | 0.06468 | −0.2169 | get 0.0271% / 1h | 38m 31s | $51K | $733K | 10x |
| Short | Bitget ZETAUSDT | 0.06412 | 0.0100 | get 0.0050% / 4h | 38m 31s | $2.4M | $72.8M | 50x |
Kraken Futures PF_ZETAUSD
Bitget ZETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kraken Futures. 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
- $476.5
- Price spread: −0.861% → +0.038%
- −$89.96
- Slippage, 4 orders
- −$243.24
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $121.3
- Costs to cover
- 2.652%
- Break-even
- 5.2 days
Slippage from Kraken Futures: live order book, 20 min ago; Bitget: live order book, 6 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 Kraken Futures live order book, 20 min ago | 81.89 bp | 88.3 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 6 min ago | 5.46 bp | 27.1 bp −$27 | 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_ZETAUSDlong | −0.2169% | 1h | 0.06468 | long leg | $51K | $733K | 10x | |
| KuCoin ZETAUSDTM | −0.1486% | 4h | 0.06391 | −1.186% | $1.2M | $6.0M | 20x | as long as short |
| OKX ZETA-USDT-SWAP | −0.1438% | 4h | 0.06420 | −0.738% | $1.4M | $62.0M | 20x | as long as short |
| Variational Omni ZETA | −0.1388% | 4h | 0.06436 | −0.486% | $125K | $777K | — | as long as short |
| BloFin ZETA-USDT | −0.1198% | 4h | 0.06432 | −0.552% | $458K | $1.5M | 50x | as long as short |
| MEXC ZETA_USDT | −0.1188% | 4h | 0.06398 | −1.078% | $1.3M | $12.9M | 50x | as long as short |
| Binance ZETAUSDT | −0.1165% | 4h | 0.06432 | −0.545% | $9.4M | $373.6M | 50x | as long as short |
| Gate ZETA_USDT | −0.1046% | 4h | 0.06406 | −0.954% | $682K | $11.0M | 25x | as long as short |
| Bybit ZETAUSDT | −0.0849% | 4h | 0.06409 | −0.908% | $5.7M | $96.5M | 25x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | −0.119% | $1K | $3K | 5.5x | as long as short |
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAP
Variational Omni ZETA
BloFin ZETA-USDT
MEXC ZETA_USDT
Binance ZETAUSDT
Gate ZETA_USDT
Bybit ZETAUSDT
Injective ZETA/USDC PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETA | +0.0084% | 1h | 0.06413 | −0.846% | $1.8M | $4.2M | 3x | as long as short |
| Bitget ZETAUSDTshort | +0.0100% | 4h | 0.06412 | −0.861% | $2.4M | $72.8M | 50x | |
| BingX ZETA-USDT | +0.0100% | 4h | 0.06400 | −1.047% | — | $8.0M | — | as long as short |
Hyperliquid ZETA
BingX ZETA-USDT