ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0506%/8h= −55.4% APRnext payment −$2.53 per $10,000 · paid last 24h −0.098%

Price spread now: OKX against BingX−0.055%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1031.030% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 7 days+0.089%+$9 · spread now −0.055%, 7d avg 0.000%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and OKX is 0.055% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of 0.000%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.118% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.53 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZETA-USDT	0.05466	0.0058	pay 0.0029% / 4h	3h 25m	—	$6.2M	—
Short	OKX ZETA-USDT-SWAP	0.05463	−0.0448	pay 0.0224% / 4h	3h 25m	$972K	$29.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 OKXbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$106.16
Price spread: −0.055% → 0.000%: −$5.51
Slippage, 4 orders: −$82.98
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$214.65
Costs to cover: 1.030%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; OKX: 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 BingX live order book, 8 min ago	3.68 bp	18.4 bp −$18	49.3 bp −$493	429.1 bp −$42.9K	676.5 bp −$338.2K
Sell OKX live order book, 2 min ago	2.76 bp	36.4 bp −$36	154.8 bp −$1,548	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	−0.2256%	1h	0.05475	+0.157%	$47K	$452K	10x	as long as short
Variational Omni ZETA	−0.1113%	4h	0.05442	−0.433%	$99K	$353K	—	as long as short
Binance ZETAUSDT	−0.0764%	4h	0.05472	+0.106%	$6.6M	$218.9M	50x	as long as short
MEXC ZETA_USDT	−0.0762%	4h	0.05467	+0.018%	$1.2M	$6.9M	50x	as long as short
BloFin ZETA-USDT	−0.0704%	4h	0.05438	−0.512%	$309K	$958K	50x	as long as short
KuCoin ZETAUSDTM	−0.0506%	4h	0.05464	−0.037%	$697K	$3.2M	20x	as long as short
OKX ZETA-USDT-SWAPshort	−0.0448%	4h	0.05463	−0.055%	$972K	$29.0M	20x
Gate ZETA_USDT	−0.0294%	4h	0.05465	−0.018%	$499K	$5.5M	25x	as long as short
Bitget ZETAUSDT	−0.0148%	4h	0.05466	0.000%	$2.0M	$43.4M	50x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.05400	−1.207%	$935	$33K	5.5x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZETA-USDTlong	+0.0058%	4h	0.05466	long leg	—	$6.2M	—
Hyperliquid ZETA	+0.0100%	1h	0.05469	+0.055%	$1.4M	$2.8M	3x	as long as short
Bybit ZETAUSDT	+0.0100%	4h	0.05467	+0.018%	$4.2M	$58.8M	25x	as long as short