ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1094%/8h= −119.8% APRnext payment −$5.47 per $10,000 · paid last 24h −0.032%

Price spread now: KuCoin against Bybit−0.017%7-day average +0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$1891.892% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)+0.254%+$25 · spread now −0.017%, 7d avg +0.123%

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

Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and KuCoin is 0.141% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.123%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.084% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.47 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	Bybit ZETAUSDT	0.05742	−0.0856	get 0.0428% / 4h	2h 58m	$5.0M	$86.0M	25x
Short	KuCoin ZETAUSDTM	0.05741	−0.1950	pay 0.0975% / 4h	2h 58m	$1.2M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$229.77
Price spread: −0.017% → +0.123%: −$14.06
Slippage, 4 orders: −$166.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$433.08
Costs to cover: 1.892%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: 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 Bybit live order book, 1 min ago	2.62 bp	19.5 bp −$19	76.8 bp −$768	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	11.17 bp	70.5 bp −$71	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
Gate ZETA_USDT	−0.2604%	4h	0.05749	+0.122%	$591K	$10.3M	25x	as long as short
MEXC ZETA_USDT	−0.2054%	4h	0.05746	+0.070%	$1.1M	$12.2M	50x	as long as short
Binance ZETAUSDT	−0.2050%	4h	0.05751	+0.160%	$8.0M	$333.4M	50x	as long as short
BloFin ZETA-USDT	−0.2039%	4h	0.05738	−0.070%	$385K	$1.1M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.2012%	4h	0.05744	+0.035%	$1.1M	$49.5M	20x	as long as short
KuCoin ZETAUSDTMshort	−0.1950%	4h	0.05741	−0.017%	$1.2M	$5.5M	20x
BingX ZETA-USDT	−0.1946%	4h	0.05746	+0.070%	—	$7.2M	—	as long as short
Variational Omni ZETA	−0.1470%	4h	0.05780	+0.662%	$107K	$749K	—	as long as short
Kraken Futures PF_ZETAUSD	−0.0983%	1h	0.05748	+0.108%	$47K	$713K	10x	as long as short
Bybit ZETAUSDTlong	−0.0856%	4h	0.05742	long leg	$5.0M	$86.0M	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETA	−0.0294%	1h	0.05743	+0.017%	$1.6M	$3.9M	3x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+12.504%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05747	+0.087%	$2.2M	$64.3M	50x	as long as short