Funding you earn now, next payment 04:00 UTC+0.1593%/8h= +174.4% APRpaid last 24h +0.248%
Price spread now: Bybit against Kraken Futures+0.071%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$249as in the Price arb table
costs, in and out, $10k−$2592.591% of the position
Funding, last 7 days+1.398%+$140 on $10k
+Price spread, last 4 days (all we have)−0.638%−$64 · spread now +0.071%, 7d avg −0.033%
=Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and Bybit is 0.104% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZETAUSD | 0.06086 | −0.2305 | get 0.0288% / 1h | 12m 10s | $50K | $735K | 10x |
| Short | Bybit ZETAUSDT | 0.06090 | −0.0713 | pay 0.0356% / 4h | 12m 10s | $5.3M | $98.0M | 25x |
Kraken Futures PF_ZETAUSD
Bybit ZETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $334.44
- Price spread: +0.071% → −0.033%
- $10.41
- Slippage, 4 orders
- −$238.08
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $85.78
- Costs to cover
- 2.591%
- Break-even
- 5.2 days
Slippage from Kraken Futures: live order book, 46 min ago; Bybit: 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 Kraken Futures live order book, 46 min ago | 81.89 bp | 88.3 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.44 bp | 23.9 bp −$24 | 103.9 bp −$1,039 | 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 | −0.2305% | 1h | 0.06086 | long leg | $50K | $735K | 10x | |
| KuCoin ZETAUSDTM | −0.1228% | 4h | 0.06094 | +0.137% | $1.3M | $6.1M | 20x | as long as short |
| Variational Omni ZETA | −0.1188% | 4h | 0.06119 | +0.555% | $119K | $780K | — | as long as short |
| OKX ZETA-USDT-SWAP | −0.1109% | 4h | 0.06088 | +0.038% | $1.3M | $59.5M | 20x | as long as short |
| Gate ZETA_USDT | −0.1030% | 4h | 0.06097 | +0.186% | $648K | $11.2M | 25x | as long as short |
| BloFin ZETA-USDT | −0.0913% | 4h | 0.06070 | −0.258% | $415K | $1.4M | 50x | as long as short |
| Binance ZETAUSDT | −0.0867% | 4h | 0.06097 | +0.186% | $8.5M | $381.2M | 50x | as long as short |
| MEXC ZETA_USDT | −0.0866% | 4h | 0.06100 | +0.235% | $1.3M | $13.0M | 50x | as long as short |
| Bybit ZETAUSDTshort | −0.0713% | 4h | 0.06090 | +0.071% | $5.3M | $98.0M | 25x | |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +6.151% | $1K | $3K | 5.5x | as long as short |
KuCoin ZETAUSDTM
Variational Omni ZETA
OKX ZETA-USDT-SWAP
Gate ZETA_USDT
BloFin ZETA-USDT
Binance ZETAUSDT
MEXC ZETA_USDT
Injective ZETA/USDC PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETA | +0.0086% | 1h | 0.06106 | +0.334% | $1.7M | $4.3M | 3x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.06099 | +0.219% | $2.5M | $74.3M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.06084 | −0.028% | — | $8.1M | — | as long as short |
Hyperliquid ZETA
Bitget ZETAUSDT
BingX ZETA-USDT