Funding you earn now, next payment 08:00 UTC+0.0436%/8h= +47.7% APRnext payment +$2.18 per $10,000 · paid last 24h −0.057%
Price spread now: KuCoin against BloFin−0.103%65s7-day average +0.178% · you buy dearer than you sell
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1841.839% of the position
Funding, last 7 days−0.115%−$11 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.103%, 7d avg +0.178%
=Funding pays, the price is against you. KuCoin is 0.280% cheaper against BloFin than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of +0.178%). If the spread goes back, that is −$28 on $10k: about 2.1 days of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.18 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 | BloFin ZETA-USDT | 0.05848 | −0.1190 | get 0.0595% / 4h | 34m 07s | $372K | $1.2M | 50x |
| Short | KuCoin ZETAUSDTM | 0.05842 | −0.0754 | pay 0.0377% / 4h | 34m 07s | $1.0M | $4.6M | 20x |
BloFin ZETA-USDT
KuCoin ZETAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- $91.48
- Price spread: −0.103% → +0.178%
- −$28.03
- Slippage, 4 orders
- −$159.9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$120.44
- Costs to cover
- 1.839%
- Break-even
- 16.2 days
Slippage from BloFin: live order book, 3 min ago; KuCoin: live order book, 4 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 BloFin live order book, 3 min ago | 6.83 bp | 23.9 bp −$24 | 69.9 bp −$699 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 11.06 bp | 71.7 bp −$72 | 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 | −0.3047% | 1h | 0.05846 | −0.028% | $53K | $632K | 10x | as long as short |
| Variational Omni ZETA | −0.1518% | 4h | 0.05840 | −0.131% | $120K | $661K | — | as long as short |
| Gate ZETA_USDT | −0.1284% | 4h | 0.05842 | −0.103% | $615K | $8.1M | 25x | as long as short |
| BloFin ZETA-USDTlong | −0.1190% | 4h | 0.05848 | long leg | $372K | $1.2M | 50x | |
| Binance ZETAUSDT | −0.1130% | 4h | 0.05845 | −0.051% | $7.7M | $300.2M | 50x | as long as short |
| MEXC ZETA_USDT | −0.1128% | 4h | 0.05839 | −0.154% | $1.2M | $10.2M | 50x | as long as short |
| Bybit ZETAUSDT | −0.0980% | 4h | 0.05846 | −0.034% | $4.9M | $79.8M | 25x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0766% | 4h | 0.05842 | −0.103% | $1.2M | $42.5M | 20x | as long as short |
| KuCoin ZETAUSDTMshort | −0.0754% | 4h | 0.05842 | −0.103% | $1.0M | $4.6M | 20x | |
| Hyperliquid ZETA | −0.0346% | 1h | 0.05841 | −0.120% | $1.6M | $3.2M | 3x | as long as short |
Kraken Futures PF_ZETAUSD
Variational Omni ZETA
Gate ZETA_USDT
Binance ZETAUSDT
MEXC ZETA_USDT
Bybit ZETAUSDT
OKX ZETA-USDT-SWAP
Hyperliquid ZETAShow 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 | +10.465% | $1K | $1K | 5.5x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05849 | +0.017% | $2.4M | $58.1M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.05842 | −0.103% | — | $7.4M | — | as long as short |
Injective ZETA/USDC PERP
Bitget ZETAUSDT
BingX ZETA-USDT