ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0713%/8h= +78.1% APRnext payment +$3.56 per $10,000 · paid last 24h +0.096%

Price spread now: Bitget against OKX+0.133%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$840.839% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.133%, 7d avg +0.075%

Together, before fees+0.204%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Bitget is 0.058% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.075%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.111% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.56 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	OKX ZETA-USDT-SWAP	0.06019	−0.0613	get 0.0306% / 4h	1h 21m	$1.1M	$46.5M	20x
Short	Bitget ZETAUSDT	0.06027	0.0100	get 0.0050% / 4h	1h 21m	$2.3M	$58.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.133%Rate

Funding earned: $149.71
Price spread: +0.133% → +0.075%: $5.84
Slippage, 4 orders: −$61.9
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $71.65
Costs to cover: 0.839%
Break-even: 3.6 days

Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago	4.96 bp	25.4 bp −$25	130.0 bp −$1,300	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.47 bp	18.3 bp −$18	91.5 bp −$915	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_USDT	−0.1150%	4h	0.06025	+0.100%	$605K	$9.5M	25x	as long as short
BloFin ZETA-USDT	−0.0716%	4h	0.06027	+0.133%	$412K	$1.0M	50x	as long as short
Binance ZETAUSDT	−0.0662%	4h	0.06031	+0.199%	$8.6M	$306.0M	50x	as long as short
MEXC ZETA_USDT	−0.0662%	4h	0.06019	0.000%	$1.5M	$11.6M	50x	as long as short
OKX ZETA-USDT-SWAPlong	−0.0613%	4h	0.06019	long leg	$1.1M	$46.5M	20x
BingX ZETA-USDT	−0.0604%	4h	0.06027	+0.133%	—	$6.8M	—	as long as short
KuCoin ZETAUSDTM	−0.0554%	4h	0.06020	+0.017%	$1.2M	$5.1M	20x	as long as short
Variational Omni ZETA	−0.0403%	4h	0.06040	+0.345%	$142K	$708K	—	as long as short
Kraken Futures PF_ZETAUSD	−0.0264%	1h	0.06039	+0.330%	$67K	$634K	10x	as long as short
Bybit ZETAUSDT	−0.0174%	4h	0.06012	−0.116%	$5.3M	$78.8M	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	−0.0133%	1h	0.06026	+0.116%	$1.7M	$3.7M	3x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+7.327%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDTshort	+0.0100%	4h	0.06027	+0.133%	$2.3M	$58.1M	50x