ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0700%/8h= +76.6% APRnext payment +$3.50 per $10,000 · paid last 24h +0.102%

Price spread now: Bitget against Bybit0.000%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$890.886% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 7 days+0.118%+$12 · spread now 0.000%, 7d avg +0.078%

Together, before fees+0.204%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.078% cheaper against Bybit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.078%). If the spread goes back, that is −$8 on $10k: about 9 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.086% in total) that is about 6.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.086% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.50 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	0.06068	−0.0600	get 0.0300% / 4h	2m 38s	$5.2M	$96.7M	25x
Short	Bitget ZETAUSDT	0.06068	0.0100	get 0.0050% / 4h	2m 38s	$2.5M	$73.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $146.99
Price spread: 0.000% → +0.078%: −$7.8
Slippage, 4 orders: −$65.61
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: $50.58
Costs to cover: 0.886%
Break-even: 4.6 days

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago	1.64 bp	21.5 bp −$21	113.8 bp −$1,138	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	2.46 bp	19.4 bp −$19	100.7 bp −$1,007	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	−0.2302%	1h	0.06095	+0.441%	$51K	$731K	10x	as long as short
KuCoin ZETAUSDTM	−0.1054%	4h	0.06071	+0.049%	$1.3M	$5.9M	20x	as long as short
Variational Omni ZETA	−0.1046%	4h	0.06041	−0.438%	$118K	$774K	—	as long as short
OKX ZETA-USDT-SWAP	−0.0950%	4h	0.06061	−0.115%	$1.3M	$57.8M	20x	as long as short
Gate ZETA_USDT	−0.0876%	4h	0.06105	+0.610%	$652K	$11.3M	25x	as long as short
Binance ZETAUSDT	−0.0715%	4h	0.06072	+0.074%	$8.4M	$376.0M	50x	as long as short
MEXC ZETA_USDT	−0.0714%	4h	0.06071	+0.049%	$1.3M	$13.0M	50x	as long as short
BloFin ZETA-USDT	−0.0677%	4h	0.06111	+0.709%	$417K	$1.4M	50x	as long as short
Bybit ZETAUSDTlong	−0.0600%	4h	0.06068	long leg	$5.2M	$96.7M	25x
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+6.460%	$1K	$3K	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	0.06062	−0.099%	$1.7M	$4.0M	3x	as long as short
Bitget ZETAUSDTshort	+0.0100%	4h	0.06068	0.000%	$2.5M	$73.3M	50x
BingX ZETA-USDT	+0.0100%	4h	0.06077	+0.148%	—	$8.1M	—	as long as short