ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0616%/8h= +67.5% APRnext payment +$3.08 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit−0.051%7-day average +0.005% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$730.727% of the position

Long on Bybit Short on MEXC

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+0.041%+$4 · spread now −0.051%, 7d avg +0.005%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.056% cheaper against Bybit than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.005%). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.002% in total) that is about 6 months.

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 +$3.08 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	0.05936	−0.1066	get 0.0533% / 4h	2h 52m	$5.1M	$90.5M	25x
Short	MEXC ZETA_USDT	0.05933	−0.0450	pay 0.0225% / 4h	2h 52m	$1.2M	$11.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.051%Rate

Funding earned: $129.45
Price spread: −0.051% → +0.005%: −$5.56
Slippage, 4 orders: −$57.68
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: $51.21
Costs to cover: 0.727%
Break-even: 4.2 days

Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 5 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	1.66 bp	26.0 bp −$26	193.0 bp −$1,930	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	2.50 bp	10.1 bp −$10	74.9 bp −$749	134.6 bp −$13.5K	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	−0.2775%	1h	0.06002	+1.120%	$53K	$727K	10x	as long as short
Bybit ZETAUSDTlong	−0.1066%	4h	0.05936	long leg	$5.1M	$90.5M	25x
Variational Omni ZETA	−0.1041%	4h	0.06093	+2.644%	$114K	$695K	—	as long as short
Gate ZETA_USDT	−0.0798%	4h	0.05946	+0.168%	$659K	$9.5M	25x	as long as short
OKX ZETA-USDT-SWAP	−0.0521%	4h	0.05944	+0.135%	$1.2M	$50.7M	20x	as long as short
Binance ZETAUSDT	−0.0464%	4h	0.05937	+0.017%	$8.2M	$347.2M	50x	as long as short
MEXC ZETA_USDTshort	−0.0450%	4h	0.05933	−0.051%	$1.2M	$11.9M	50x
BloFin ZETA-USDT	−0.0438%	4h	0.06000	+1.078%	$401K	$1.4M	50x	as long as short
KuCoin ZETAUSDTM	−0.0412%	4h	0.05938	+0.034%	$1.2M	$5.4M	20x	as long as short
Hyperliquid ZETA	−0.0176%	1h	0.05998	+1.044%	$1.7M	$3.6M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+8.827%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05937	+0.017%	$2.3M	$67.1M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.05937	+0.017%	—	$7.8M	—	as long as short