Funding you earn now, next payment 07:00 UTC−0.1895%/8h= −207.5% APRpaid last 24h −0.349%
Price spread now: Kraken Futures against Variational Omni+0.806%7-day average +0.102% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.318%−$32 on $10k
+Price spread, last 4 days (all we have)−0.519%−$52 · spread now +0.806%, 7d avg +0.102%
=Together, before fees−0.837%+ Points / potential airdropVariational Omni: Active · farm board−$84 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.704% dearer against Variational Omni than usual: you sell high and buy low (spread +0.806% now, against its 7-day average of +0.102%): +$70 on $10k if it goes back. Holding the pair costs −$57 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 4 days (−0.318% in total) that is about 8.0 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.318% in total (about -32.1% a year). A funding rate is set anew for every payment. 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 | Variational Omni ZETA | 0.05862 | −0.1646 | get 0.0823% / 4h | 1h 21m | $121K | $684K | — |
| Short | Kraken Futures PF_ZETAUSD | 0.05909 | −0.3541 | pay 0.0443% / 1h | 21m 46s | $54K | $679K | 10x |
Variational Omni ZETA
Kraken Futures PF_ZETAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Variational Omni. 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
- −$397.89
- Price spread: +0.806% → +0.102%
- $70.37
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$337.52
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 22 min ago; Kraken Futures: live order book, 21 min ago. Net counts fees only.
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 Variational Omni RFQ quote, 22 min ago | 5.98 bp | doesn't fit | 166.5 bp −$1,665 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 21 min ago | 34.93 bp | 74.4 bp −$74 | doesn't fit | 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_ZETAUSDshort | −0.3541% | 1h | 0.05909 | +0.806% | $54K | $679K | 10x | |
| Variational Omni ZETAlong | −0.1646% | 4h | 0.05862 | long leg | $121K | $684K | — | |
| Gate ZETA_USDT | −0.1600% | 4h | 0.05909 | +0.802% | $642K | $8.7M | 25x | as long as short |
| Bybit ZETAUSDT | −0.1459% | 4h | 0.05907 | +0.768% | $5.0M | $83.3M | 25x | as long as short |
| BloFin ZETA-USDT | −0.1061% | 4h | 0.05887 | +0.427% | $376K | $1.3M | 50x | as long as short |
| Binance ZETAUSDT | −0.1023% | 4h | 0.05908 | +0.785% | $7.8M | $315.1M | 50x | as long as short |
| MEXC ZETA_USDT | −0.1020% | 4h | 0.05908 | +0.785% | $1.2M | $10.9M | 50x | as long as short |
| KuCoin ZETAUSDTM | −0.0830% | 4h | 0.05914 | +0.888% | $1.1M | $5.0M | 20x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0822% | 4h | 0.05908 | +0.785% | $1.2M | $45.4M | 20x | as long as short |
| Hyperliquid ZETA | −0.0320% | 1h | 0.05908 | +0.785% | $1.6M | $3.3M | 3x | as long as short |
Gate ZETA_USDT
Bybit ZETAUSDT
BloFin ZETA-USDT
Binance ZETAUSDT
MEXC ZETA_USDT
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAP
Hyperliquid ZETAShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +10.202% | $1K | $1K | 5.5x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05910 | +0.819% | $2.4M | $60.9M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.05912 | +0.853% | — | $7.6M | — | as long as short |
Injective ZETA/USDC PERP
Bitget ZETAUSDT
BingX ZETA-USDT