ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0321%/8h= −35.1% APRnext payment −$1.60 per $10,000 · paid last 24h −0.084%

Price spread now: OKX against Bybit−0.135%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1111.113% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$10 on $10k

Price spread, last 7 days+0.159%+$16 · spread now −0.135%, 7d avg +0.014%

Together, before fees+0.063%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and OKX is 0.149% cheaper against Bybit than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.014%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.095% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.60 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	0.05912	−0.0496	get 0.0248% / 4h	3h 50m	$5.0M	$95.4M	25x
Short	OKX ZETA-USDT-SWAP	0.05904	−0.0816	pay 0.0408% / 4h	3h 50m	$1.2M	$54.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.135%Rate

Funding earned: −$67.36
Price spread: −0.135% → +0.014%: −$14.9
Slippage, 4 orders: −$90.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$193.58
Costs to cover: 1.113%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago	4.22 bp	21.2 bp −$21	114.6 bp −$1,146	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.69 bp	37.1 bp −$37	114.3 bp −$1,143	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_USDT	−0.1176%	4h	0.05922	+0.169%	$605K	$9.9M	25x	as long as short
KuCoin ZETAUSDTM	−0.0898%	4h	0.05919	+0.118%	$1.2M	$5.9M	20x	as long as short
Variational Omni ZETA	−0.0896%	4h	0.05928	+0.278%	$115K	$756K	—	as long as short
OKX ZETA-USDT-SWAPshort	−0.0816%	4h	0.05904	−0.135%	$1.2M	$54.9M	20x
Kraken Futures PF_ZETAUSD	−0.0685%	1h	0.05923	+0.180%	$49K	$732K	10x	as long as short
BloFin ZETA-USDT	−0.0650%	4h	0.05917	+0.085%	$410K	$1.4M	50x	as long as short
MEXC ZETA_USDT	−0.0632%	4h	0.05920	+0.135%	$1.2M	$12.8M	50x	as long as short
Binance ZETAUSDT	−0.0613%	4h	0.05921	+0.148%	$8.1M	$369.3M	50x	as long as short
Bybit ZETAUSDTlong	−0.0496%	4h	0.05912	long leg	$5.0M	$95.4M	25x
Hyperliquid ZETA	+0.0017%	1h	0.05920	+0.135%	$1.7M	$3.9M	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	+9.269%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05916	+0.068%	$2.3M	$71.7M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.05913	+0.017%	—	$8.0M	—	as long as short