Funding you earn now, next payment 12:00 UTC−0.0139%/8h= −15.2% APRnext payment −$0.69 per $10,000 · paid last 24h −0.007%
Price spread now: OKX against KuCoin−0.157%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$204as in the Price arb table
costs, in and out, $10k−$1981.984% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 7 days+0.153%+$15 · spread now −0.157%, 7d avg −0.100%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.057% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.100%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZETAUSDTM | 0.05719 | −0.0470 | get 0.0235% / 4h | 2h 08m | $960K | $3.9M | 20x |
| Short | OKX ZETA-USDT-SWAP | 0.05710 | −0.0609 | pay 0.0304% / 4h | 2h 08m | $1.1M | $35.2M | 20x |
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$29.09
- Price spread: −0.157% → −0.100%
- −$5.7
- Slippage, 4 orders
- −$176.38
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$233.17
- Costs to cover
- 1.984%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; OKX: 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, 2 min ago | 10.50 bp | 74.6 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.75 bp | 30.0 bp −$30 | 96.0 bp −$960 | doesn't fit | doesn't fit |
ZETA on 13 exchanges
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_ZETAUSD | −0.3038% | 1h | 0.05709 | −0.174% | $55K | $543K | 10x | as long as short |
| Variational Omni ZETA | −0.1711% | 4h | 0.05729 | +0.170% | $122K | $445K | — | as long as short |
| Bybit ZETAUSDT | −0.1238% | 4h | 0.05711 | −0.140% | $4.6M | $68.0M | 25x | as long as short |
| Gate ZETA_USDT | −0.1114% | 4h | 0.05717 | −0.035% | $561K | $6.5M | 25x | as long as short |
| BloFin ZETA-USDT | −0.0876% | 4h | 0.05704 | −0.262% | $345K | $1.1M | 50x | as long as short |
| Binance ZETAUSDT | −0.0857% | 4h | 0.05708 | −0.192% | $7.2M | $251.0M | 50x | as long as short |
| MEXC ZETA_USDT | −0.0854% | 4h | 0.05706 | −0.227% | $1.3M | $8.9M | 50x | as long as short |
| OKX ZETA-USDT-SWAPshort | −0.0609% | 4h | 0.05710 | −0.157% | $1.1M | $35.2M | 20x | |
| KuCoin ZETAUSDTMlong | −0.0470% | 4h | 0.05719 | long leg | $960K | $3.9M | 20x | |
| Hyperliquid ZETA | −0.0142% | 1h | 0.05712 | −0.122% | $1.5M | $2.8M | 3x | as long as short |
Kraken Futures PF_ZETAUSD
Variational Omni ZETA
Bybit ZETAUSDT
Gate ZETA_USDT
BloFin ZETA-USDT
Binance ZETAUSDT
MEXC ZETA_USDT
Hyperliquid ZETAShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +12.957% | $1K | $1K | 5.5x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05708 | −0.192% | $2.4M | $50.4M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.05710 | −0.157% | — | $6.8M | — | as long as short |
Injective ZETA/USDC PERP
Bitget ZETAUSDT
BingX ZETA-USDT