ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0289%/8h= +31.6% APRnext payment +$1.44 per $10,000 · paid last 24h +0.086%

Price spread now: BingX against OKX−0.129%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$880.875% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 7 days+0.086%+$9 · spread now −0.129%, 7d avg −0.001%

Together, before fees+0.188%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.128% cheaper against OKX than usual: you would sell low and buy high (spread −0.129% now, against its 7-day average of −0.001%). If the spread goes back, that is −$13 on $10k: about 36 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.102% in total) that is about 8.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.102% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.44 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZETA-USDT-SWAP	0.05416	−0.0535	get 0.0267% / 4h	11m 01s	$989K	$30.4M	20x
Short	BingX ZETA-USDT	0.05409	−0.0246	pay 0.0123% / 4h	11m 01s	—	$6.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now −0.129%Rate

Funding earned: $60.67
Price spread: −0.129% → −0.001%: −$12.82
Slippage, 4 orders: −$67.55
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$39.7
Costs to cover: 0.875%
Break-even: 11.6 days

Slippage from OKX: live order book, 1 min ago; BingX: live order book, 2 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 OKX live order book, 1 min ago	3.70 bp	30.0 bp −$30	176.2 bp −$1,762	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	2.77 bp	9.6 bp −$10	45.7 bp −$457	364.5 bp −$36.4K	740.0 bp −$370.0K

ZETA on 13 exchanges

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	−0.3236%	1h	0.05411	−0.096%	$53K	$472K	10x	as long as short
Variational Omni ZETA	−0.1493%	4h	0.05418	+0.045%	$99K	$395K	—	as long as short
Gate ZETA_USDT	−0.1018%	4h	0.05409	−0.129%	$492K	$5.9M	25x	as long as short
Binance ZETAUSDT	−0.0938%	4h	0.05416	−0.001%	$6.4M	$230.3M	50x	as long as short
MEXC ZETA_USDT	−0.0936%	4h	0.05423	+0.129%	$1.1M	$7.3M	50x	as long as short
Bybit ZETAUSDT	−0.0890%	4h	0.05422	+0.111%	$4.2M	$61.9M	25x	as long as short
BloFin ZETA-USDT	−0.0888%	4h	0.05413	−0.055%	$306K	$960K	50x	as long as short
KuCoin ZETAUSDTM	−0.0646%	4h	0.05422	+0.111%	$783K	$3.5M	20x	as long as short
OKX ZETA-USDT-SWAPlong	−0.0535%	4h	0.05416	long leg	$989K	$30.4M	20x
Bitget ZETAUSDT	−0.0346%	4h	0.05428	+0.222%	$2.0M	$46.1M	50x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ZETA-USDTshort	−0.0246%	4h	0.05409	−0.129%	—	$6.3M	—
Hyperliquid ZETA	−0.0073%	1h	0.05411	−0.092%	$1.4M	$2.8M	3x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+19.276%	$1K	$1K	5.5x	as long as short