ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1532%/8h= −167.8% APRnext payment −$7.66 per $10,000 · paid last 24h −0.134%

Price spread now: KuCoin against Bitget−0.337%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$238as in the Price arb table

costs, in and out, $10k−$2012.005% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 4 days (all we have)+0.390%+$39 · spread now −0.337%, 7d avg +0.041%

Together, before fees+0.220%+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$46 a day on $10k at the current rate, and KuCoin is 0.378% cheaper against Bitget than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.170% in total (about -8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.66 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	Bitget ZETAUSDT	0.05638	0.0100	pay 0.0050% / 4h	3h 49m	$2.0M	$61.2M	50x
Short	KuCoin ZETAUSDTM	0.05619	−0.1432	pay 0.0716% / 4h	3h 49m	$1.1M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.337%Rate

Funding earned: −$321.72
Price spread: −0.337% → +0.041%: −$37.82
Slippage, 4 orders: −$176.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$560.09
Costs to cover: 2.005%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 9 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 Bitget live order book, 5 min ago	4.52 bp	26.9 bp −$27	104.5 bp −$1,045	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	13.47 bp	79.6 bp −$80	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_ZETAUSD	−0.2877%	1h	0.05660	+0.393%	$49K	$694K	10x	as long as short
BloFin ZETA-USDT	−0.1750%	4h	0.05641	+0.053%	$365K	$1.0M	50x	as long as short
Binance ZETAUSDT	−0.1693%	4h	0.05653	+0.269%	$7.5M	$321.3M	50x	as long as short
MEXC ZETA_USDT	−0.1692%	4h	0.05628	−0.177%	$1.2M	$12.0M	50x	as long as short
BingX ZETA-USDT	−0.1620%	4h	0.05631	−0.124%	—	$7.1M	—	as long as short
KuCoin ZETAUSDTMshort	−0.1432%	4h	0.05619	−0.337%	$1.1M	$5.4M	20x
OKX ZETA-USDT-SWAP	−0.1358%	4h	0.05634	−0.071%	$1.0M	$46.6M	20x	as long as short
Variational Omni ZETA	−0.1287%	4h	0.05580	−1.035%	$109K	$735K	—	as long as short
Gate ZETA_USDT	−0.0660%	4h	0.05640	+0.035%	$551K	$9.9M	25x	as long as short
Hyperliquid ZETA	−0.0623%	1h	0.05604	−0.603%	$1.6M	$3.9M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZETAUSDT	−0.0156%	4h	0.05629	−0.160%	$4.9M	$82.9M	25x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+14.580%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDTlong	+0.0100%	4h	0.05638	long leg	$2.0M	$61.2M	50x