Funding you earn now, next payment 02:00 UTC+0.0922%/8h= +100.9% APRpaid last 24h +0.209%
Price spread now: Injective against Bybit+9.288%68s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.085%+$9 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Injective is 9.288% dearer against Bybit than usual: you sell high and buy low: +$929 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.085% in total (about 4.4% a year). A funding rate is set anew for every payment. 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 | 0.05911 | −0.0888 | get 0.0444% / 4h | 2h 24m | $5.3M | $88.7M | 25x |
| Short | Injective ZETA/USDC PERP | 0.06460 | 0.0033 | get 0.0004% / 1h | 24m 18s | $1K | $5K | 5.5x |
Bybit ZETAUSDT
Injective ZETA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $193.55
- Price spread: +9.288% → 0.000%
- $928.78
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1,111.3
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.
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, 5 min ago | 2.57 bp | 21.2 bp −$21 | 89.1 bp −$891 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ZETA on 12 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 | −0.2008% | 4h | 0.05914 | +0.051% | $1.1M | $5.6M | 20x | as long as short |
| OKX ZETA-USDT-SWAP | −0.1978% | 4h | 0.05911 | 0.000% | $1.1M | $52.6M | 20x | as long as short |
| Binance ZETAUSDT | −0.1894% | 4h | 0.05917 | +0.109% | $8.2M | $343.4M | 50x | as long as short |
| MEXC ZETA_USDT | −0.1888% | 4h | 0.05916 | +0.085% | $1.1M | $12.3M | 50x | as long as short |
| BingX ZETA-USDT | −0.1820% | 4h | 0.05919 | +0.135% | — | $7.4M | — | as long as short |
| Gate ZETA_USDT | −0.1660% | 4h | 0.05921 | +0.169% | $614K | $10.6M | 25x | as long as short |
| Variational Omni ZETA | −0.1413% | 4h | 0.05930 | +0.322% | $115K | $757K | — | as long as short |
| Kraken Futures PF_ZETAUSD | −0.0956% | 1h | 0.05913 | +0.031% | $49K | $719K | 10x | as long as short |
| Bybit ZETAUSDTlong | −0.0888% | 4h | 0.05911 | long leg | $5.3M | $88.7M | 25x | |
| Hyperliquid ZETA | −0.0385% | 1h | 0.05914 | +0.051% | $1.6M | $4.0M | 3x | as long as short |
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAP
Binance ZETAUSDT
MEXC ZETA_USDT
BingX ZETA-USDT
Gate ZETA_USDT
Variational Omni ZETA
Kraken Futures PF_ZETAUSD
Hyperliquid ZETAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZETA/USDC PERPshort | +0.0033% | 1h | 0.06460 | +9.288% | $1K | $5K | 5.5x | |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05920 | +0.152% | $2.4M | $66.3M | 50x | as long as short |
Bitget ZETAUSDT