ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0325%/8h= +35.5% APRnext payment +$1.62 per $10,000 · paid last 24h −0.084%

Price spread now: OKX against MEXC+0.018%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$640.635% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.018%, 7d avg −0.019%

Together, before fees−0.176%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and OKX is 0.037% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.116%, 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 -0.116% in total (about -6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.62 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	MEXC ZETA_USDT	0.05530	−0.1700	get 0.0850% / 4h	3h 53m	$1.2M	$11.9M	50x
Short	OKX ZETA-USDT-SWAP	0.05531	−0.1375	pay 0.0688% / 4h	3h 53m	$1.0M	$45.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against MEXC. 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 MEXCbpFee OKXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $68.16
Price spread: +0.018% → −0.019%: $3.68
Slippage, 4 orders: −$49.54
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: $8.3
Costs to cover: 0.635%
Break-even: 6.1 days

Slippage from MEXC: live order book, 4 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 MEXC live order book, 4 min ago	2.67 bp	8.6 bp −$9	40.8 bp −$408	123.1 bp −$12.3K	doesn't fit
Sell OKX live order book, 5 min ago	1.78 bp	22.2 bp −$22	73.9 bp −$739	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
BingX ZETA-USDT	−0.3900%	4h	0.05523	−0.127%	—	$7.1M	—	as long as short
Kraken Futures PF_ZETAUSD	−0.2941%	1h	0.05538	+0.148%	$50K	$683K	10x	as long as short
Gate ZETA_USDT	−0.2326%	4h	0.05531	+0.018%	$551K	$9.9M	25x	as long as short
BloFin ZETA-USDT	−0.1736%	4h	0.05486	−0.796%	$361K	$1.0M	50x	as long as short
Binance ZETAUSDT	−0.1705%	4h	0.05526	−0.072%	$7.5M	$320.3M	50x	as long as short
MEXC ZETA_USDTlong	−0.1700%	4h	0.05530	long leg	$1.2M	$11.9M	50x
Bybit ZETAUSDT	−0.1592%	4h	0.05525	−0.090%	$4.8M	$82.7M	25x	as long as short
KuCoin ZETAUSDTM	−0.1430%	4h	0.05535	+0.090%	$1.1M	$5.4M	20x	as long as short
OKX ZETA-USDT-SWAPshort	−0.1375%	4h	0.05531	+0.018%	$1.0M	$45.6M	20x
Variational Omni ZETA	−0.1299%	4h	0.05525	−0.095%	$111K	$734K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETA	−0.0835%	1h	0.05550	+0.362%	$1.6M	$3.9M	3x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+16.817%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05535	+0.090%	$2.0M	$61.0M	50x	as long as short