ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0433%/8h= +47.4% APRnext payment +$2.16 per $10,000 · paid last 24h −0.009%

Price spread now: Bybit against BloFin+0.033%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$920.916% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.409%−$41 · spread now +0.033%, 7d avg +0.045%

Together, before fees−0.430%−$43 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.16 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	BloFin ZETA-USDT	0.05978	−0.0610	get 0.0305% / 4h	3h 55m	$404K	$1.4M	50x
Short	Bybit ZETAUSDT	0.05980	−0.0177	pay 0.0089% / 4h	3h 55m	$5.1M	$95.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersPrice spread, now +0.033%Rate

Funding earned: $90.88
Price spread: +0.033% → +0.045%: −$1.16
Slippage, 4 orders: −$68.6
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1.87
Costs to cover: 0.916%
Break-even: 7.1 days

Slippage from BloFin: live order book, 3 min ago; Bybit: 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 BloFin live order book, 3 min ago	5.78 bp	27.4 bp −$27	54.7 bp −$547	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.83 bp	23.3 bp −$23	97.1 bp −$971	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
KuCoin ZETAUSDTM	−0.0966%	4h	0.05985	+0.117%	$1.2M	$5.9M	20x	as long as short
Variational Omni ZETA	−0.0880%	4h	0.06014	+0.610%	$118K	$765K	—	as long as short
OKX ZETA-USDT-SWAP	−0.0867%	4h	0.05983	+0.084%	$1.3M	$56.3M	20x	as long as short
Kraken Futures PF_ZETAUSD	−0.0680%	1h	0.05968	−0.160%	$49K	$732K	10x	as long as short
Binance ZETAUSDT	−0.0660%	4h	0.05984	+0.094%	$8.2M	$372.3M	50x	as long as short
MEXC ZETA_USDT	−0.0660%	4h	0.05979	+0.017%	$1.2M	$12.8M	50x	as long as short
BloFin ZETA-USDTlong	−0.0610%	4h	0.05978	long leg	$404K	$1.4M	50x
Gate ZETA_USDT	−0.0212%	4h	0.05979	+0.017%	$613K	$9.9M	25x	as long as short
Bybit ZETAUSDTshort	−0.0177%	4h	0.05980	+0.033%	$5.1M	$95.9M	25x
Hyperliquid ZETA	−0.0059%	1h	0.05979	+0.017%	$1.7M	$4.0M	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	+8.063%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05986	+0.134%	$2.3M	$72.4M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.05993	+0.251%	—	$8.1M	—	as long as short