Funding you earn now, next payment 04:00 UTC−0.0347%/8h= −38.0% APRnext payment −$1.73 per $10,000 · paid last 24h +0.040%
Price spread now: BloFin against KuCoin+0.288%50s7-day average −0.159% · you sell dearer than you buy
Net, funding: paid 7d − costs−$163as 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−$1731.734% of the position
Funding, last 7 days+0.105%+$10 on $10k
+Price spread, last 3 days (all we have)−0.191%−$19 · spread now +0.288%, 7d avg −0.159%
=The price spread pays, funding is against you. BloFin is 0.447% dearer against KuCoin than usual: you sell high and buy low (spread +0.288% now, against its 7-day average of −0.159%): +$45 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 4.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.105%, so the current rate has only just turned against you. The two prices were read 50 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 0.105% in total (about 5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.73 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 | KuCoin ZETAUSDTM | 0.05900 | −0.1712 | get 0.0856% / 4h | 3h 22m | $1.1M | $5.5M | 20x |
| Short | BloFin ZETA-USDT | 0.05917 | −0.2059 | pay 0.1029% / 4h | 3h 22m | $390K | $1.1M | 50x |
KuCoin ZETAUSDTM
BloFin ZETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- −$72.81
- Price spread: +0.288% → −0.159%
- $44.71
- Slippage, 4 orders
- −$149.43
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$201.53
- Costs to cover
- 1.734%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, just now; BloFin: 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 KuCoin live order book, just now | 15.26 bp | 58.3 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 1.72 bp | 14.7 bp −$15 | 49.7 bp −$497 | 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 | −0.3160% | 4h | 0.05894 | −0.102% | $606K | $10.1M | 25x | as long as short |
| Kraken Futures PF_ZETAUSD | −0.2748% | 1h | 0.05927 | +0.453% | $49K | $708K | 10x | as long as short |
| BingX ZETA-USDT | −0.2338% | 4h | 0.05888 | −0.203% | — | $7.2M | — | as long as short |
| Bybit ZETAUSDT | −0.2149% | 4h | 0.05888 | −0.203% | $5.2M | $85.1M | 25x | as long as short |
| Binance ZETAUSDT | −0.2065% | 4h | 0.05891 | −0.157% | $8.1M | $329.5M | 50x | as long as short |
| MEXC ZETA_USDT | −0.2064% | 4h | 0.05895 | −0.085% | $1.2M | $12.1M | 50x | as long as short |
| BloFin ZETA-USDTshort | −0.2059% | 4h | 0.05917 | +0.288% | $390K | $1.1M | 50x | |
| OKX ZETA-USDT-SWAP | −0.1952% | 4h | 0.05879 | −0.356% | $1.1M | $50.1M | 20x | as long as short |
| KuCoin ZETAUSDTMlong | −0.1712% | 4h | 0.05900 | long leg | $1.1M | $5.5M | 20x | |
| Variational Omni ZETA | −0.1556% | 4h | 0.05815 | −1.448% | $109K | $747K | — | as long as short |
Gate ZETA_USDT
Kraken Futures PF_ZETAUSD
BingX ZETA-USDT
Bybit ZETAUSDT
Binance ZETAUSDT
MEXC ZETA_USDT
OKX ZETA-USDT-SWAP
Variational Omni ZETAShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETA | −0.0621% | 1h | 0.05888 | −0.203% | $1.6M | $3.9M | 3x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +9.492% | $1K | $5K | 5.5x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05885 | −0.254% | $2.2M | $63.3M | 50x | as long as short |
Hyperliquid ZETA
Injective ZETA/USDC PERP
Bitget ZETAUSDT