Settings8H · net · $10k
Funding arb · Price arb /

ZETA

all ZETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0723%/8h= +79.1% APRnext payment +$3.61 per $10,000 · paid last 24h +0.019%
Price spread now: BingX against BloFin+0.017%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$950.953% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.048%−$5 on $10k
Price spread, last 4 days (all we have)−0.205%−$20 · spread now +0.017%, 7d avg +0.063%
Together, before fees−0.253%−$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.046% cheaper against BloFin than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.063%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$22 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.048% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ZETA-USDT0.05904−0.0623get 0.0311% / 4h2h 14m$384K$1.3M50x
ShortBingX ZETA-USDT0.059050.0100get 0.0050% / 4h2h 14m$7.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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

Funding earned
$151.78
Price spread: +0.017% → +0.063%
−$4.59
Slippage, 4 orders
−$73.3
Fee BloFin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
$51.89
Costs to cover
0.953%
Break-even
4.6 days
Slippage from BloFin: live order book, 3 min ago; BingX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 3 min ago8.48 bp24.2 bp −$2473.7 bp −$737doesn't fitdoesn't fit
Sell BingX live order book, 8 min ago4.24 bp22.0 bp −$2264.3 bp −$643288.6 bp −$28.9K698.0 bp −$349.0K

ZETA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZETAUSD−0.2823%1h0.05900−0.067%$53K$721K10xas long as short
Bybit ZETAUSDT−0.1818%4h0.05908+0.068%$5.0M$87.5M25xas long as short
Variational Omni ZETA−0.1578%4h0.05899−0.093%$111K$685Kas long as short
Gate ZETA_USDT−0.1326%4h0.059040.000%$645K$9.6M25xas long as short
Binance ZETAUSDT−0.0675%4h0.05907+0.051%$7.9M$333.9M50xas long as short
MEXC ZETA_USDT−0.0658%4h0.05905+0.017%$1.2M$11.9M50xas long as short
BloFin ZETA-USDTlong−0.0623%4h0.05904long leg$384K$1.3M50x
KuCoin ZETAUSDTM−0.0578%4h0.05906+0.034%$1.2M$5.2M20xas long as short
OKX ZETA-USDT-SWAP−0.0531%4h0.05908+0.068%$1.2M$48.5M20xas long as short
Hyperliquid ZETA−0.0365%1h0.05906+0.034%$1.7M$3.6M3xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZETA/USDC PERP+0.0033%1h0.06460+9.417%$1K$1K5.5xas long as short
Bitget ZETAUSDT+0.0100%4h0.05910+0.102%$2.4M$64.7M50xas long as short
BingX ZETA-USDTshort+0.0100%4h0.05905+0.017%$7.7M