Funding arb · Price arb /

ZETA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1739%/8h= +190.5% APRpaid last 24h +0.246%

Price spread now: Injective against Gate+10.541%114s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$12 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 +$52 a day on $10k at the current rate, and Injective is 10.541% dearer against Gate than usual: you sell high and buy low: +$1,054 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 114 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 0.115% in total (about 6.0% 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	Gate ZETA_USDT	0.05844	−0.1706	get 0.0853% / 4h	2h 29m	$596K	$10.5M	25x
Short	Injective ZETA/USDC PERP	0.06460	0.0033	get 0.0004% / 1h	29m 22s	$1K	$5K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +10.541%Rate

Funding earned: $365.26
Price spread: +10.541% → 0.000%: $1,054.07
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,404.31
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago	4.35 bp	48.8 bp −$49	doesn't fit	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	−0.1984%	4h	0.05850	+0.103%	$1.1M	$5.6M	20x	as long as short
Binance ZETAUSDT	−0.1916%	4h	0.05851	+0.123%	$8.1M	$342.4M	50x	as long as short
MEXC ZETA_USDT	−0.1910%	4h	0.05861	+0.291%	$1.1M	$12.3M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.1880%	4h	0.05832	−0.205%	$1.1M	$51.7M	20x	as long as short
BingX ZETA-USDT	−0.1820%	4h	0.05849	+0.086%	—	$7.4M	—	as long as short
Gate ZETA_USDTlong	−0.1706%	4h	0.05844	long leg	$596K	$10.5M	25x
Variational Omni ZETA	−0.1365%	4h	0.05726	−2.017%	$110K	$757K	—	as long as short
Kraken Futures PF_ZETAUSD	−0.0977%	1h	0.05781	−1.074%	$48K	$719K	10x	as long as short
Bybit ZETAUSDT	−0.0836%	4h	0.05839	−0.086%	$5.2M	$88.4M	25x	as long as short
Hyperliquid ZETA	−0.0280%	1h	0.05844	0.000%	$1.6M	$4.0M	3x	as long as short

Show 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	+10.541%	$1K	$5K	5.5x
Bitget ZETAUSDT	+0.0100%	4h	0.05860	+0.274%	$2.3M	$66.1M	50x	as long as short