ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0212%/8h= +23.2% APRnext payment +$1.06 per $10,000 · paid last 24h +0.055%

Price spread now: MEXC against KuCoin−0.169%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1561.563% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.169%, 7d avg −0.106%

Together, before fees+0.123%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.062% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.169% now, against its 7-day average of −0.106%). If the spread goes back, that is −$6 on $10k: about 23 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.100% in total) that is about 4.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.06 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	0.05929	−0.0754	get 0.0377% / 4h	3h 40m	$1.2M	$5.8M	20x
Short	MEXC ZETA_USDT	0.05919	−0.0542	pay 0.0271% / 4h	3h 40m	$1.2M	$12.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpOrdersPrice spread, now −0.169%Rate

Funding earned: $44.52
Price spread: −0.169% → −0.106%: −$6.22
Slippage, 4 orders: −$140.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$118.04
Costs to cover: 1.563%
Break-even: 25.6 days

Slippage from KuCoin: live order book, 3 min ago; MEXC: 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	11.82 bp	67.8 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.69 bp	7.8 bp −$8	49.4 bp −$494	129.3 bp −$12.9K	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
Variational Omni ZETA	−0.0808%	4h	0.05911	−0.304%	$112K	$748K	—	as long as short
KuCoin ZETAUSDTMlong	−0.0754%	4h	0.05929	long leg	$1.2M	$5.8M	20x
Kraken Futures PF_ZETAUSD	−0.0685%	1h	0.05920	−0.158%	$49K	$729K	10x	as long as short
OKX ZETA-USDT-SWAP	−0.0666%	4h	0.05918	−0.186%	$1.2M	$53.9M	20x	as long as short
MEXC ZETA_USDTshort	−0.0542%	4h	0.05919	−0.169%	$1.2M	$12.9M	50x
Binance ZETAUSDT	−0.0529%	4h	0.05926	−0.050%	$8.0M	$363.9M	50x	as long as short
BloFin ZETA-USDT	−0.0488%	4h	0.05920	−0.152%	$390K	$1.4M	50x	as long as short
Gate ZETA_USDT	−0.0318%	4h	0.05925	−0.067%	$597K	$10.0M	25x	as long as short
Bybit ZETAUSDT	−0.0131%	4h	0.05922	−0.118%	$5.0M	$94.3M	25x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+8.956%	$1K	$1K	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	+0.0100%	1h	0.05928	−0.017%	$1.6M	$4.0M	3x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05918	−0.186%	$2.3M	$70.6M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.05921	−0.135%	—	$8.0M	—	as long as short