Funding you earn now, next payment 06:00 UTC−0.2275%/8h= −249.1% APRpaid last 24h −0.174%
Price spread now: Bybit against Injective−8.375%98s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 against this trade now: funding costs −$68 a day on $10k at the current rate, and Bybit is 8.375% cheaper against Injective than usual: you would sell low and buy high (−$837 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 98 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 | Injective ZETA/USDC PERP | 0.06460 | 0.0033 | pay 0.0004% / 1h | 37m 44s | $1K | $1K | 5.5x |
| Short | Bybit ZETAUSDT | 0.05919 | −0.2242 | pay 0.1121% / 4h | 2h 37m | $5.1M | $89.9M | 25x |
Injective ZETA/USDC PERP
Bybit ZETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$477.74
- Price spread: −8.375% → 0.000%
- −$837.46
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,326.22
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 6 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 6 min ago | 2.53 bp | 24.3 bp −$24 | 120.6 bp −$1,206 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZETAUSD | −0.2829% | 1h | 0.05887 | −8.868% | $56K | $722K | 10x | as long as short |
| Bybit ZETAUSDTshort | −0.2242% | 4h | 0.05919 | −8.375% | $5.1M | $89.9M | 25x | |
| Variational Omni ZETA | −0.1287% | 4h | 0.05943 | −8.010% | $112K | $692K | — | as long as short |
| Gate ZETA_USDT | −0.1236% | 4h | 0.05908 | −8.545% | $646K | $9.5M | 25x | as long as short |
| KuCoin ZETAUSDTM | −0.0548% | 4h | 0.05913 | −8.467% | $1.2M | $5.3M | 20x | as long as short |
| Binance ZETAUSDT | −0.0533% | 4h | 0.05918 | −8.390% | $8.1M | $343.1M | 50x | as long as short |
| MEXC ZETA_USDT | −0.0532% | 4h | 0.05910 | −8.514% | $1.2M | $11.9M | 50x | as long as short |
| BloFin ZETA-USDT | −0.0517% | 4h | 0.05957 | −7.786% | $396K | $1.3M | 50x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0483% | 4h | 0.05917 | −8.406% | $1.2M | $49.9M | 20x | as long as short |
| Hyperliquid ZETA | −0.0227% | 1h | 0.05910 | −8.514% | $1.7M | $3.6M | 3x | as long as short |
Kraken Futures PF_ZETAUSD
Variational Omni ZETA
Gate ZETA_USDT
KuCoin ZETAUSDTM
Binance ZETAUSDT
MEXC ZETA_USDT
BloFin ZETA-USDT
OKX ZETA-USDT-SWAP
Hyperliquid ZETAShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZETA/USDC PERPlong | +0.0033% | 1h | 0.06460 | long leg | $1K | $1K | 5.5x | |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05910 | −8.514% | $2.3M | $66.4M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.05904 | −8.607% | — | $7.8M | — | as long as short |
Bitget ZETAUSDT
BingX ZETA-USDT