ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0545%/8h= +59.7% APRnext payment +$2.73 per $10,000 · paid last 24h −0.052%

Price spread now: OKX against Gate−0.099%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1351.353% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now −0.099%, 7d avg −0.040%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.059% cheaper against Gate than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.040%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.73 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	0.06039	−0.1072	get 0.0536% / 4h	1h 33m	$607K	$9.5M	25x
Short	OKX ZETA-USDT-SWAP	0.06033	−0.0527	pay 0.0263% / 4h	1h 33m	$1.1M	$46.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now −0.099%Rate

Funding earned: $114.54
Price spread: −0.099% → −0.040%: −$5.94
Slippage, 4 orders: −$110.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$26.69
Costs to cover: 1.353%
Break-even: 8.6 days

Slippage from Gate: live order book, 5 min ago; OKX: 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 Gate live order book, 5 min ago	4.16 bp	47.5 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	4.17 bp	23.0 bp −$23	99.6 bp −$996	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	−0.1072%	4h	0.06039	long leg	$607K	$9.5M	25x
BloFin ZETA-USDT	−0.0642%	4h	0.06041	+0.033%	$407K	$1.0M	50x	as long as short
Binance ZETAUSDT	−0.0631%	4h	0.06049	+0.162%	$8.5M	$305.3M	50x	as long as short
MEXC ZETA_USDT	−0.0630%	4h	0.06047	+0.132%	$1.5M	$11.6M	50x	as long as short
BingX ZETA-USDT	−0.0608%	4h	0.06037	−0.033%	—	$6.8M	—	as long as short
KuCoin ZETAUSDTM	−0.0564%	4h	0.06033	−0.099%	$1.2M	$5.1M	20x	as long as short
OKX ZETA-USDT-SWAPshort	−0.0527%	4h	0.06033	−0.099%	$1.1M	$46.6M	20x
Variational Omni ZETA	−0.0342%	4h	0.06027	−0.194%	$142K	$708K	—	as long as short
Kraken Futures PF_ZETAUSD	−0.0264%	1h	0.06047	+0.141%	$66K	$632K	10x	as long as short
Bybit ZETAUSDT	−0.0121%	4h	0.06033	−0.099%	$5.3M	$78.6M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETA	−0.0103%	1h	0.06039	0.000%	$1.7M	$3.7M	3x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+6.971%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.06048	+0.149%	$2.2M	$58.0M	50x	as long as short