ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0434%/8h= +47.5% APRnext payment +$2.17 per $10,000 · paid last 24h −0.001%

Price spread now: Binance against Bybit+0.100%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

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

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days−0.104%−$10 · spread now +0.100%, 7d avg +0.002%

Together, before fees−0.102%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Binance is 0.098% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.002%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.17 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	Bybit ZETAUSDT	0.06017	−0.0870	get 0.0435% / 4h	3h 09m	$5.2M	$91.4M	25x
Short	Binance ZETAUSDT	0.06023	−0.0436	pay 0.0218% / 4h	3h 09m	$8.3M	$351.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now +0.100%Rate

Funding earned: $91.08
Price spread: +0.100% → +0.002%: $9.77
Slippage, 4 orders: −$70.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: $9.25
Costs to cover: 0.916%
Break-even: 6.3 days

Slippage from Bybit: live order book, 4 min ago; Binance: 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 Bybit live order book, 4 min ago	4.20 bp	22.1 bp −$22	124.6 bp −$1,246	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.84 bp	23.5 bp −$23	104.5 bp −$1,045	430.3 bp −$43.0K	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
Variational Omni ZETA	−0.0960%	4h	0.05971	−0.758%	$112K	$717K	—	as long as short
Bybit ZETAUSDTlong	−0.0870%	4h	0.06017	long leg	$5.2M	$91.4M	25x
Gate ZETA_USDT	−0.0856%	4h	0.06005	−0.199%	$653K	$10.1M	25x	as long as short
Kraken Futures PF_ZETAUSD	−0.0674%	1h	0.06017	0.000%	$54K	$738K	10x	as long as short
OKX ZETA-USDT-SWAP	−0.0523%	4h	0.06018	+0.017%	$1.2M	$52.1M	20x	as long as short
KuCoin ZETAUSDTM	−0.0486%	4h	0.06007	−0.166%	$1.2M	$5.6M	20x	as long as short
Binance ZETAUSDTshort	−0.0436%	4h	0.06023	+0.100%	$8.3M	$351.7M	50x
MEXC ZETA_USDT	−0.0430%	4h	0.06011	−0.100%	$1.2M	$13.0M	50x	as long as short
BloFin ZETA-USDT	−0.0389%	4h	0.05988	−0.482%	$398K	$1.4M	50x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+7.362%	$1K	$1K	5.5x	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	0.06008	−0.150%	$1.7M	$3.6M	3x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.06012	−0.083%	$2.3M	$68.0M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.06004	−0.216%	—	$7.9M	—	as long as short