ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0935%/8h= −102.4% APRnext payment −$4.68 per $10,000 · paid last 24h +0.010%

Price spread now: Gate against Bybit+0.217%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1201.200% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.217%, 7d avg +0.042%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.175% dearer against Bybit than usual: you sell high and buy low (spread +0.217% now, against its 7-day average of +0.042%): +$18 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 15 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.68 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	0.05999	−0.0357	get 0.0178% / 4h	56m 43s	$5.3M	$79.2M	25x
Short	Gate ZETA_USDT	0.06012	−0.1292	pay 0.0646% / 4h	56m 43s	$628K	$9.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.217%Rate

Funding earned: −$196.42
Price spread: +0.217% → +0.042%: $17.51
Slippage, 4 orders: −$94.01
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$298.93
Costs to cover: 1.200%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: 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, 2 min ago	3.33 bp	20.6 bp −$21	79.9 bp −$799	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	5.82 bp	38.4 bp −$38	277.9 bp −$2,779	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
Gate ZETA_USDTshort	−0.1292%	4h	0.06012	+0.217%	$628K	$9.5M	25x
MEXC ZETA_USDT	−0.0840%	4h	0.06013	+0.233%	$1.5M	$11.6M	50x	as long as short
Binance ZETAUSDT	−0.0834%	4h	0.06007	+0.138%	$8.5M	$307.6M	50x	as long as short
BloFin ZETA-USDT	−0.0815%	4h	0.06023	+0.400%	$413K	$1.0M	50x	as long as short
BingX ZETA-USDT	−0.0798%	4h	0.06006	+0.117%	—	$6.8M	—	as long as short
OKX ZETA-USDT-SWAP	−0.0760%	4h	0.06001	+0.033%	$1.2M	$46.7M	20x	as long as short
KuCoin ZETAUSDTM	−0.0626%	4h	0.06017	+0.300%	$1.1M	$5.2M	20x	as long as short
Variational Omni ZETA	−0.0504%	4h	0.06000	+0.012%	$142K	$708K	—	as long as short
Hyperliquid ZETA	−0.0388%	1h	0.06008	+0.150%	$1.7M	$3.8M	3x	as long as short
Bybit ZETAUSDTlong	−0.0357%	4h	0.05999	long leg	$5.3M	$79.2M	25x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZETAUSD	−0.0186%	1h	0.06017	+0.294%	$69K	$644K	10x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+7.685%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.06010	+0.183%	$2.3M	$58.3M	50x	as long as short