ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0754%/8h= −82.6% APRnext payment −$3.77 per $10,000 · paid last 24h +0.019%

Price spread now: Gate against KuCoin+0.150%7-day average −0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1761.760% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.337%−$34 · spread now +0.150%, 7d avg −0.080%

Together, before fees−0.260%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.231% dearer against KuCoin than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of −0.080%): +$23 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 24 hours. Mind the row above: over the last 7 days funding on this pair paid +0.077%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.77 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	0.05981	−0.0650	get 0.0325% / 4h	40m 03s	$1.1M	$5.2M	20x
Short	Gate ZETA_USDT	0.05990	−0.1404	pay 0.0702% / 4h	40m 03s	$627K	$9.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now +0.150%Rate

Funding earned: −$158.34
Price spread: +0.150% → −0.080%: $23.05
Slippage, 4 orders: −$148.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$311.25
Costs to cover: 1.760%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	4.18 bp	47.8 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.83 bp	39.8 bp −$40	249.8 bp −$2,498	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_USDTshort	−0.1404%	4h	0.05990	+0.150%	$627K	$9.5M	25x
BloFin ZETA-USDT	−0.0935%	4h	0.05978	−0.050%	$414K	$1.0M	50x	as long as short
Binance ZETAUSDT	−0.0897%	4h	0.05990	+0.150%	$8.5M	$308.8M	50x	as long as short
MEXC ZETA_USDT	−0.0896%	4h	0.05984	+0.050%	$1.4M	$11.7M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.0843%	4h	0.05984	+0.050%	$1.2M	$46.8M	20x	as long as short
BingX ZETA-USDT	−0.0842%	4h	0.05988	+0.117%	—	$6.8M	—	as long as short
Variational Omni ZETA	−0.0673%	4h	0.05971	−0.171%	$137K	$712K	—	as long as short
KuCoin ZETAUSDTMlong	−0.0650%	4h	0.05981	long leg	$1.1M	$5.2M	20x
Bybit ZETAUSDT	−0.0429%	4h	0.05981	0.000%	$5.3M	$79.4M	25x	as long as short
Hyperliquid ZETA	−0.0313%	1h	0.05988	+0.117%	$1.7M	$3.8M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZETAUSD	−0.0187%	1h	0.05983	+0.033%	$68K	$645K	10x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+8.009%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05987	+0.100%	$2.3M	$58.5M	50x	as long as short