ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0848%/8h= −92.8% APRnext payment −$4.24 per $10,000 · paid last 24h −0.219%

Price spread now: OKX against Bitget−0.034%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1041.042% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.212%−$21 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.034%, 7d avg −0.063%

Together, before fees−0.168%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.028% dearer against Bitget than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.063%): +$3 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.212% in total) that is about 22 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.212% in total (about -11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.24 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	Bitget ZETAUSDT	0.05810	0.0100	pay 0.0050% / 4h	3h 59m	$2.5M	$57.3M	50x
Short	OKX ZETA-USDT-SWAP	0.05808	−0.0748	pay 0.0374% / 4h	3h 59m	$1.1M	$41.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$177.98
Price spread: −0.034% → −0.063%: $2.81
Slippage, 4 orders: −$82.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$279.35
Costs to cover: 1.042%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; OKX: live order book, 4 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 Bitget live order book, 4 min ago	1.72 bp	28.6 bp −$29	105.0 bp −$1,050	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	3.45 bp	27.9 bp −$28	132.2 bp −$1,322	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	−0.3073%	1h	0.05797	−0.218%	$55K	$624K	10x	as long as short
Variational Omni ZETA	−0.1690%	4h	0.05785	−0.435%	$120K	$652K	—	as long as short
Gate ZETA_USDT	−0.1228%	4h	0.05815	+0.086%	$589K	$8.2M	25x	as long as short
BloFin ZETA-USDT	−0.1126%	4h	0.05808	−0.034%	$354K	$1.2M	50x	as long as short
Binance ZETAUSDT	−0.1088%	4h	0.05809	−0.017%	$7.5M	$294.5M	50x	as long as short
MEXC ZETA_USDT	−0.1086%	4h	0.05808	−0.034%	$1.2M	$10.3M	50x	as long as short
Bybit ZETAUSDT	−0.1049%	4h	0.05810	0.000%	$4.7M	$78.6M	25x	as long as short
OKX ZETA-USDT-SWAPshort	−0.0748%	4h	0.05808	−0.034%	$1.1M	$41.3M	20x
KuCoin ZETAUSDTM	−0.0688%	4h	0.05819	+0.155%	$975K	$4.5M	20x	as long as short
Hyperliquid ZETA	−0.0015%	1h	0.05808	−0.034%	$1.6M	$3.1M	3x	as long as short

Show 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	+11.188%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDTlong	+0.0100%	4h	0.05810	long leg	$2.5M	$57.3M	50x
BingX ZETA-USDT	+0.0100%	4h	0.05820	+0.172%	—	$7.3M	—	as long as short