ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1511%/8h= +165.4% APRnext payment +$1.89 per $10,000 · paid last 24h +0.114%

Price spread now: Injective against Hyperliquid+6.742%7-day average — · you sell dearer than you buy

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

Long on Hyperliquid Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.343%+$34 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Injective is 6.742% dearer against Hyperliquid than usual: you sell high and buy low: +$674 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.343% in total (about 17.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.89 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	Hyperliquid ZETA	0.06052	−0.1478	get 0.0185% / 1h	16m 51s	$1.6M	$4.0M	3x
Short	Injective ZETA/USDC PERP	0.06460	0.0033	get 0.0004% / 1h	16m 51s	$1K	$5K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Hyperliquid. 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 HyperliquidbpFee InjectivebpOrdersPrice spread, now +6.742%Rate

Funding earned: $317.28
Price spread: +6.742% → 0.000%: $674.16
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $982.41
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 5 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 Hyperliquid live order book, 5 min ago	4.99 bp	29.7 bp −$30	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 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
KuCoin ZETAUSDTM	−0.1944%	4h	0.06050	−0.033%	$1.2M	$5.7M	20x	as long as short
OKX ZETA-USDT-SWAP	−0.1885%	4h	0.06063	+0.182%	$1.2M	$55.4M	20x	as long as short
BingX ZETA-USDT	−0.1844%	4h	0.06071	+0.314%	—	$7.6M	—	as long as short
Binance ZETAUSDT	−0.1764%	4h	0.06072	+0.330%	$8.4M	$352.3M	50x	as long as short
MEXC ZETA_USDT	−0.1764%	4h	0.06070	+0.297%	$1.1M	$12.4M	50x	as long as short
BloFin ZETA-USDT	−0.1761%	4h	0.06097	+0.744%	$391K	$1.3M	50x	as long as short
Kraken Futures PF_ZETAUSD	−0.1689%	1h	0.06093	+0.684%	$47K	$726K	10x	as long as short
Variational Omni ZETA	−0.1634%	4h	0.05999	−0.878%	$118K	$760K	—	as long as short
Gate ZETA_USDT	−0.1550%	4h	0.06071	+0.314%	$618K	$10.7M	25x	as long as short
Hyperliquid ZETAlong	−0.1478%	1h	0.06052	long leg	$1.6M	$4.0M	3x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZETAUSDT	−0.1096%	4h	0.06067	+0.248%	$5.5M	$91.1M	25x	as long as short
Injective ZETA/USDC PERPshort	+0.0033%	1h	0.06460	+6.742%	$1K	$5K	5.5x
Bitget ZETAUSDT	+0.0100%	4h	0.06078	+0.430%	$2.4M	$68.0M	50x	as long as short