ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0506%/8h= −55.4% APRnext payment −$2.53 per $10,000 · paid last 24h +0.017%

Price spread now: BingX against Bybit+0.083%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$690.689% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 7 days−0.046%−$5 · spread now +0.083%, 7d avg +0.011%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.071% dearer against Bybit than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.011%): +$7 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.031% in total) that is about 16 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.53 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	0.06037	−0.0100	get 0.0050% / 4h	1h 35m	$5.3M	$78.6M	25x
Short	BingX ZETA-USDT	0.06042	−0.0606	pay 0.0303% / 4h	1h 35m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$106.18
Price spread: +0.083% → +0.011%: $7.14
Slippage, 4 orders: −$47.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$167.98
Costs to cover: 0.689%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 2 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	1.67 bp	19.0 bp −$19	77.1 bp −$771	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	3.32 bp	12.4 bp −$12	43.2 bp −$432	275.1 bp −$27.5K	732.5 bp −$366.3K

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	−0.1068%	4h	0.06040	+0.050%	$607K	$9.5M	25x	as long as short
BloFin ZETA-USDT	−0.0677%	4h	0.06042	+0.083%	$409K	$1.0M	50x	as long as short
Binance ZETAUSDT	−0.0636%	4h	0.06044	+0.116%	$8.5M	$305.1M	50x	as long as short
MEXC ZETA_USDT	−0.0636%	4h	0.06045	+0.133%	$1.5M	$11.6M	50x	as long as short
BingX ZETA-USDTshort	−0.0606%	4h	0.06042	+0.083%	—	$6.8M	—
KuCoin ZETAUSDTM	−0.0568%	4h	0.06046	+0.149%	$1.2M	$5.1M	20x	as long as short
OKX ZETA-USDT-SWAP	−0.0510%	4h	0.06036	−0.017%	$1.1M	$46.6M	20x	as long as short
Variational Omni ZETA	−0.0342%	4h	0.06027	−0.161%	$142K	$708K	—	as long as short
Kraken Futures PF_ZETAUSD	−0.0263%	1h	0.06051	+0.228%	$66K	$632K	10x	as long as short
Hyperliquid ZETA	−0.0104%	1h	0.06042	+0.083%	$1.7M	$3.7M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZETAUSDTlong	−0.0100%	4h	0.06037	long leg	$5.3M	$78.6M	25x
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+7.007%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.06045	+0.133%	$2.2M	$58.0M	50x	as long as short