ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0495%/8h= +54.2% APRnext payment +$2.48 per $10,000 · paid last 24h −0.017%

Price spread now: Bybit against BingX−0.117%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 7 days+0.080%+$8 · spread now −0.117%, 7d avg −0.011%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.106% cheaper against BingX than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.011%). If the spread goes back, that is −$11 on $10k: about 17 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.031% in total) that is about 24 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.031% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.48 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	BingX ZETA-USDT	0.05981	−0.0676	get 0.0338% / 4h	1h 12m	—	$6.8M	—
Short	Bybit ZETAUSDT	0.05974	−0.0181	pay 0.0090% / 4h	1h 12m	$5.3M	$78.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.117%Rate

Funding earned: $104.04
Price spread: −0.117% → −0.011%: −$10.56
Slippage, 4 orders: −$53.22
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $19.25
Costs to cover: 0.742%
Break-even: 5.7 days

Slippage from BingX: live order book, 4 min ago; Bybit: live order book, 1 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 BingX live order book, 4 min ago	3.34 bp	14.4 bp −$14	45.8 bp −$458	415.2 bp −$41.5K	723.9 bp −$362.0K
Sell Bybit live order book, 1 min ago	3.35 bp	23.3 bp −$23	77.9 bp −$779	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_USDT	−0.1244%	4h	0.05985	+0.067%	$618K	$9.5M	25x	as long as short
Binance ZETAUSDT	−0.0763%	4h	0.05985	+0.067%	$8.5M	$306.5M	50x	as long as short
MEXC ZETA_USDT	−0.0734%	4h	0.05986	+0.084%	$1.5M	$11.6M	50x	as long as short
BloFin ZETA-USDT	−0.0684%	4h	0.05995	+0.234%	$415K	$1.0M	50x	as long as short
BingX ZETA-USDTlong	−0.0676%	4h	0.05981	long leg	—	$6.8M	—
OKX ZETA-USDT-SWAP	−0.0640%	4h	0.05972	−0.150%	$1.1M	$46.3M	20x	as long as short
KuCoin ZETAUSDTM	−0.0624%	4h	0.05982	+0.017%	$1.1M	$5.1M	20x	as long as short
Variational Omni ZETA	−0.0422%	4h	0.05988	+0.121%	$141K	$708K	—	as long as short
Kraken Futures PF_ZETAUSD	−0.0266%	1h	0.05998	+0.289%	$67K	$634K	10x	as long as short
Hyperliquid ZETA	−0.0215%	1h	0.05987	+0.100%	$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
Bybit ZETAUSDTshort	−0.0181%	4h	0.05974	−0.117%	$5.3M	$78.9M	25x
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+8.009%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05988	+0.117%	$2.2M	$58.2M	50x	as long as short