ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0374%/8h= −41.0% APRnext payment −$1.87 per $10,000 · paid last 24h +0.055%

Price spread now: MEXC against KuCoin−0.051%7-day average −0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1571.573% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 7 days−0.001%$0 · spread now −0.051%, 7d avg −0.105%

Together, before fees+0.099%+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.053% dearer against KuCoin than usual: you sell high and buy low (spread −0.051% now, against its 7-day average of −0.105%): +$5 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 7 days funding on this pair paid +0.100%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.87 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	0.05840	−0.0754	get 0.0377% / 4h	33m 07s	$1.0M	$4.6M	20x
Short	MEXC ZETA_USDT	0.05837	−0.1128	pay 0.0564% / 4h	33m 07s	$1.2M	$10.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$78.54
Price spread: −0.051% → −0.105%: $5.32
Slippage, 4 orders: −$141.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$230.56
Costs to cover: 1.573%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; MEXC: 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 KuCoin live order book, 5 min ago	11.06 bp	70.1 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.85 bp	7.5 bp −$8	74.3 bp −$743	123.4 bp −$12.3K	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	−0.3048%	1h	0.05846	+0.096%	$52K	$632K	10x	as long as short
Variational Omni ZETA	−0.1518%	4h	0.05840	+0.006%	$120K	$661K	—	as long as short
Gate ZETA_USDT	−0.1282%	4h	0.05840	0.000%	$614K	$8.1M	25x	as long as short
BloFin ZETA-USDT	−0.1153%	4h	0.05842	+0.034%	$374K	$1.2M	50x	as long as short
Binance ZETAUSDT	−0.1136%	4h	0.05837	−0.054%	$7.7M	$300.0M	50x	as long as short
MEXC ZETA_USDTshort	−0.1128%	4h	0.05837	−0.051%	$1.2M	$10.2M	50x
Bybit ZETAUSDT	−0.0971%	4h	0.05838	−0.034%	$4.9M	$79.8M	25x	as long as short
OKX ZETA-USDT-SWAP	−0.0774%	4h	0.05835	−0.086%	$1.2M	$42.4M	20x	as long as short
KuCoin ZETAUSDTMlong	−0.0754%	4h	0.05840	long leg	$1.0M	$4.6M	20x
Hyperliquid ZETA	−0.0323%	1h	0.05836	−0.068%	$1.6M	$3.2M	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	+10.616%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05840	0.000%	$2.4M	$58.0M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.05839	−0.017%	—	$7.3M	—	as long as short