Funding arb · Price arb /

ZETA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.107%

Price spread now: Injective against Bitget+7.273%111s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 7.273% dearer against Bitget than usual: you sell high and buy low (spread +7.273% now, against zero (this spread has no 7-day history yet)): +$727 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 months. At the pace of the last 7 days (−0.001% in total) that is about years. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZETAUSDT	0.06022	0.0100	pay 0.0050% / 4h	2h 43m	$2.1M	$57.1M	50x
Short	Injective ZETA/USDC PERP	0.06460	0.0033	get 0.0004% / 1h	43m 28s	$1K	$5K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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 BitgetbpFee InjectivebpOrdersPrice spread, now +7.273%Rate

Funding earned: −$14
Price spread: +7.273% → 0.000%: $727.33
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $701.31
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 6 min ago; Injective: no order-book sample. 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 Bitget live order book, 6 min ago	1.65 bp	15.7 bp −$16	63.7 bp −$637	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0714%	4h	0.06024	+0.033%	$602K	$9.4M	25x	as long as short
KuCoin ZETAUSDTM	−0.0498%	4h	0.06034	+0.199%	$1.2M	$5.1M	20x	as long as short
Kraken Futures PF_ZETAUSD	−0.0426%	1h	0.06035	+0.220%	$67K	$630K	10x	as long as short
BloFin ZETA-USDT	−0.0153%	4h	0.05989	−0.548%	$404K	$969K	50x	as long as short
Binance ZETAUSDT	−0.0140%	4h	0.06022	−0.006%	$8.3M	$300.4M	50x	as long as short
MEXC ZETA_USDT	−0.0138%	4h	0.06027	+0.083%	$1.5M	$11.5M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.0113%	4h	0.06009	−0.216%	$1.1M	$45.9M	20x	as long as short
BingX ZETA-USDT	−0.0102%	4h	0.06024	+0.033%	—	$6.7M	—	as long as short
Injective ZETA/USDC PERPshort	+0.0033%	1h	0.06460	+7.273%	$1K	$5K	5.5x
Variational Omni ZETA	+0.0070%	4h	0.06074	+0.864%	$143K	$695K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETA	+0.0100%	1h	0.06035	+0.216%	$1.7M	$3.7M	3x	as long as short
Bybit ZETAUSDT	+0.0100%	4h	0.06016	−0.100%	$5.3M	$77.5M	25x	as long as short
Bitget ZETAUSDTlong	+0.0100%	4h	0.06022	long leg	$2.1M	$57.1M	50x