ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.96 per $10,000 · paid last 24h +0.026%

Price spread now: BingX against KuCoin+0.034%7-day average −0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1561.561% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.200%−$20 · spread now +0.034%, 7d avg −0.102%

Together, before fees−0.170%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.136% dearer against KuCoin than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.102%): +$14 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.96 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	KuCoin ZETAUSDTM	0.05968	−0.0672	get 0.0336% / 4h	35m 48s	$1.1M	$5.2M	20x
Short	BingX ZETA-USDT	0.05970	−0.0864	pay 0.0432% / 4h	35m 48s	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$40.32
Price spread: +0.034% → −0.102%: $13.56
Slippage, 4 orders: −$134.07
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$182.83
Costs to cover: 1.561%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; BingX: 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 KuCoin live order book, 2 min ago	12.55 bp	60.3 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	2.51 bp	18.5 bp −$18	47.2 bp −$472	308.4 bp −$30.8K	744.4 bp −$372.2K

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	−0.1432%	4h	0.05972	+0.067%	$625K	$9.5M	25x	as long as short
BloFin ZETA-USDT	−0.0934%	4h	0.05949	−0.318%	$409K	$1.0M	50x	as long as short
Binance ZETAUSDT	−0.0915%	4h	0.05975	+0.116%	$8.5M	$309.1M	50x	as long as short
MEXC ZETA_USDT	−0.0906%	4h	0.05976	+0.134%	$1.4M	$11.7M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.0865%	4h	0.05971	+0.050%	$1.2M	$46.7M	20x	as long as short
BingX ZETA-USDTshort	−0.0864%	4h	0.05970	+0.034%	—	$6.8M	—
KuCoin ZETAUSDTMlong	−0.0672%	4h	0.05968	long leg	$1.1M	$5.2M	20x
Variational Omni ZETA	−0.0660%	4h	0.05953	−0.246%	$137K	$712K	—	as long as short
Bybit ZETAUSDT	−0.0416%	4h	0.05968	0.000%	$5.2M	$79.5M	25x	as long as short
Hyperliquid ZETA	−0.0266%	1h	0.05974	+0.101%	$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	−0.0188%	1h	0.05974	+0.095%	$68K	$645K	10x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+8.244%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05975	+0.117%	$2.3M	$58.6M	50x	as long as short