ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0844%/8h= +92.4% APRnext payment +$4.22 per $10,000 · paid last 24h −0.010%

Price spread now: Bybit against Gate−0.083%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1121.124% of the position

Long on Gate Short on Bybit

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)−0.324%−$32 · spread now −0.083%, 7d avg −0.042%

Together, before fees−0.340%−$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.041% cheaper against Gate than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.042%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$25 a day).

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 +$4.22 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	Gate ZETA_USDT	0.06021	−0.0744	get 0.0372% / 4h	2h 52m	$599K	$9.4M	25x
Short	Bybit ZETAUSDT	0.06016	0.0100	get 0.0050% / 4h	2h 52m	$5.3M	$77.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.083%Rate

Funding earned: $177.24
Price spread: −0.083% → −0.042%: −$4.1
Slippage, 4 orders: −$86.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $60.75
Costs to cover: 1.124%
Break-even: 4.6 days

Slippage from Gate: live order book, 1 min ago; Bybit: 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 Gate live order book, 1 min ago	2.46 bp	38.1 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.64 bp	21.9 bp −$22	87.4 bp −$874	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_USDTlong	−0.0744%	4h	0.06021	long leg	$599K	$9.4M	25x
KuCoin ZETAUSDTM	−0.0488%	4h	0.06014	−0.116%	$1.2M	$5.0M	20x	as long as short
Kraken Futures PF_ZETAUSD	−0.0427%	1h	0.06021	−0.002%	$66K	$629K	10x	as long as short
BloFin ZETA-USDT	−0.0103%	4h	0.06088	+1.113%	$410K	$983K	50x	as long as short
OKX ZETA-USDT-SWAP	−0.0100%	4h	0.06017	−0.066%	$1.1M	$45.9M	20x	as long as short
Binance ZETAUSDT	−0.0076%	4h	0.06016	−0.083%	$8.3M	$299.7M	50x	as long as short
BingX ZETA-USDT	−0.0074%	4h	0.06025	+0.066%	—	$6.7M	—	as long as short
MEXC ZETA_USDT	−0.0066%	4h	0.06014	−0.116%	$1.4M	$11.5M	50x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+7.291%	$1K	$5K	5.5x	as long as short
Hyperliquid ZETA	+0.0100%	1h	0.06019	−0.033%	$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
Bybit ZETAUSDTshort	+0.0100%	4h	0.06016	−0.083%	$5.3M	$77.3M	25x
Bitget ZETAUSDT	+0.0100%	4h	0.06028	+0.116%	$2.1M	$57.0M	50x	as long as short
Variational Omni ZETA	+0.0100%	4h	0.06089	+1.137%	$143K	$695K	—	as long as short