Funding arb · Price arb /

ZETA

all ZETA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1114%/8h= +122.0% APRpaid last 24h +0.216%

Price spread now: KuCoin against Kraken Futures+0.390%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$220as in the Funding arb table

Net, price: spread back to 7d avg − costs−$321as in the Price arb table

costs, in and out, $10k−$3523.516% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+1.313%+$131 on $10k

Price spread, last 4 days (all we have)−0.916%−$92 · spread now +0.390%, 7d avg +0.086%

Together, before fees+0.398%+$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and KuCoin is 0.303% dearer against Kraken Futures than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZETAUSD	0.06084	−0.2306	get 0.0288% / 1h	10m 40s	$50K	$735K	10x
Short	KuCoin ZETAUSDTM	0.06108	−0.1192	pay 0.0596% / 4h	10m 40s	$1.3M	$6.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. 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 Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now +0.390%Rate

Funding earned: $233.88
Price spread: +0.390% → +0.086%: $30.34
Slippage, 4 orders: −$329.62
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$87.39
Costs to cover: 3.516%
Break-even: 9.6 days

Slippage from Kraken Futures: live order book, 48 min ago; KuCoin: live order book, 7 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 Kraken Futures live order book, 48 min ago	81.89 bp	88.3 bp −$88	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	11.45 bp	61.3 bp −$61	808.7 bp −$8,087	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_ZETAUSDlong	−0.2306%	1h	0.06084	long leg	$50K	$735K	10x
KuCoin ZETAUSDTMshort	−0.1192%	4h	0.06108	+0.390%	$1.3M	$6.1M	20x
Variational Omni ZETA	−0.1159%	4h	0.06087	+0.043%	$118K	$781K	—	as long as short
OKX ZETA-USDT-SWAP	−0.1075%	4h	0.06102	+0.291%	$1.3M	$59.4M	20x	as long as short
Gate ZETA_USDT	−0.1000%	4h	0.06101	+0.275%	$648K	$11.2M	25x	as long as short
MEXC ZETA_USDT	−0.0844%	4h	0.06105	+0.340%	$1.3M	$13.0M	50x	as long as short
Binance ZETAUSDT	−0.0822%	4h	0.06117	+0.538%	$8.5M	$380.3M	50x	as long as short
BloFin ZETA-USDT	−0.0794%	4h	0.06090	+0.094%	$417K	$1.4M	50x	as long as short
Bybit ZETAUSDT	−0.0699%	4h	0.06105	+0.340%	$5.3M	$97.7M	25x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+6.175%	$1K	$3K	5.5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETA	+0.0099%	1h	0.06102	+0.291%	$1.7M	$4.3M	3x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.06110	+0.423%	$2.5M	$74.2M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.06109	+0.406%	—	$8.1M	—	as long as short