Funding arb · Price arb /

ZETA

all ZETA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.1225%/8h= −134.1% APRpaid last 24h −0.468%

Price spread now: Kraken Futures against MEXC+0.985%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$1231.228% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−1.439%−$144 on $10k

Price spread, last 4 days (all we have)−0.542%−$54 · spread now +0.985%, 7d avg −0.013%

Together, before fees−1.981%−$198 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.998% dearer against MEXC than usual: you sell high and buy low (spread +0.985% now, against its 7-day average of −0.013%): +$100 on $10k if it goes back. Holding the pair costs −$37 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZETA_USDT	0.05591	−0.0878	get 0.0439% / 4h	1h 43m	$1.2M	$7.9M	50x
Short	Kraken Futures PF_ZETAUSD	0.05646	−0.2103	pay 0.0263% / 1h	43m 32s	$54K	$524K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.985%Rate

Funding earned: −$257.18
Price spread: +0.985% → −0.013%: $99.79
Slippage, 4 orders: −$108.76
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$280.15
Costs to cover: 1.228%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Kraken Futures: 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 MEXC live order book, 2 min ago	0.88 bp	8.7 bp −$9	53.7 bp −$537	123.7 bp −$12.4K	doesn't fit
Sell Kraken Futures live order book, 2 min ago	19.44 bp	61.6 bp −$62	doesn't fit	doesn't fit	doesn't fit

ZETA on 13 exchanges

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_ZETAUSDshort	−0.2103%	1h	0.05646	+0.985%	$54K	$524K	10x
Variational Omni ZETA	−0.1537%	4h	0.05665	+1.316%	$121K	$430K	—	as long as short
Bybit ZETAUSDT	−0.0925%	4h	0.05575	−0.286%	$4.4M	$66.2M	25x	as long as short
BloFin ZETA-USDT	−0.0917%	4h	0.05647	+1.002%	$336K	$1.1M	50x	as long as short
Binance ZETAUSDT	−0.0879%	4h	0.05579	−0.211%	$6.8M	$244.5M	50x	as long as short
MEXC ZETA_USDTlong	−0.0878%	4h	0.05591	long leg	$1.2M	$7.9M	50x
Gate ZETA_USDT	−0.0814%	4h	0.05594	+0.054%	$541K	$6.0M	25x	as long as short
OKX ZETA-USDT-SWAP	−0.0536%	4h	0.05566	−0.447%	$987K	$33.6M	20x	as long as short
Hyperliquid ZETA	−0.0471%	1h	0.05593	+0.036%	$1.5M	$2.8M	3x	as long as short
KuCoin ZETAUSDTM	−0.0438%	4h	0.05586	−0.089%	$934K	$3.8M	20x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZETAUSDT	+0.0016%	4h	0.05583	−0.143%	$2.2M	$49.3M	50x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+15.543%	$1K	$1K	5.5x	as long as short
BingX ZETA-USDT	+0.0082%	4h	0.05578	−0.233%	—	$6.6M	—	as long as short