Funding you earn now, next payment 04:00 UTC+0.0129%/8h= +14.1% APRnext payment +$0.64 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against Binance−0.038%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$770.772% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 7 days+0.038%+$4 · spread now −0.038%, 7d avg −0.002%
=Funding pays, the price is against you. Bybit is 0.036% cheaper against Binance than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of −0.002%). If the spread goes back, that is −$4 on $10k: about 22 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZETAUSDT | 0.06070 | −0.0715 | get 0.0358% / 4h | 2m 17s | $8.4M | $376.2M | 50x |
| Short | Bybit ZETAUSDT | 0.06068 | −0.0587 | pay 0.0293% / 4h | 2m 17s | $5.2M | $96.7M | 25x |
Binance ZETAUSDT
Bybit ZETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $27.01
- Price spread: −0.038% → −0.002%
- −$3.61
- Slippage, 4 orders
- −$56.2
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$53.8
- Costs to cover
- 0.772%
- Break-even
- 20.9 days
Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 2 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 Binance live order book, 11 min ago | 2.45 bp | 14.9 bp −$15 | 68.1 bp −$681 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.64 bp | 23.6 bp −$24 | 109.9 bp −$1,099 | 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_ZETAUSD | −0.2321% | 1h | 0.06043 | −0.442% | $50K | $731K | 10x | as long as short |
| KuCoin ZETAUSDTM | −0.1054% | 4h | 0.06058 | −0.203% | $1.3M | $5.9M | 20x | as long as short |
| Variational Omni ZETA | −0.1046% | 4h | 0.06041 | −0.476% | $118K | $774K | — | as long as short |
| OKX ZETA-USDT-SWAP | −0.0950% | 4h | 0.06063 | −0.121% | $1.3M | $57.8M | 20x | as long as short |
| Gate ZETA_USDT | −0.0884% | 4h | 0.06074 | +0.060% | $650K | $11.3M | 25x | as long as short |
| Binance ZETAUSDTlong | −0.0715% | 4h | 0.06070 | long leg | $8.4M | $376.2M | 50x | |
| MEXC ZETA_USDT | −0.0714% | 4h | 0.06066 | −0.071% | $1.3M | $13.0M | 50x | as long as short |
| BloFin ZETA-USDT | −0.0677% | 4h | 0.06111 | +0.670% | $417K | $1.4M | 50x | as long as short |
| Bybit ZETAUSDTshort | −0.0587% | 4h | 0.06068 | −0.038% | $5.2M | $96.7M | 25x | |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +6.419% | $1K | $3K | 5.5x | as long as short |
Kraken Futures PF_ZETAUSD
KuCoin ZETAUSDTM
Variational Omni ZETA
OKX ZETA-USDT-SWAP
Gate ZETA_USDT
MEXC ZETA_USDT
BloFin ZETA-USDT
Injective ZETA/USDC PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETA | +0.0100% | 1h | 0.06062 | −0.137% | $1.7M | $4.0M | 3x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.06053 | −0.286% | $2.4M | $73.3M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.06085 | +0.242% | — | $8.1M | — | as long as short |
Hyperliquid ZETA
Bitget ZETAUSDT
BingX ZETA-USDT