ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0164%/8h= −18.0% APRnext payment −$0.82 per $10,000 · paid last 24h +0.017%

Price spread now: BloFin against OKX−0.052%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$950.955% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)+0.722%+$72 · spread now −0.052%, 7d avg −0.049%

Together, before fees+0.811%+$81 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.090%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZETA-USDT-SWAP	0.05816	−0.0728	get 0.0364% / 4h	3h 00m	$1.1M	$38.3M	20x
Short	BloFin ZETA-USDT	0.05813	−0.0893	pay 0.0446% / 4h	3h 00m	$357K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$34.54
Price spread: −0.052% → −0.049%: −$0.21
Slippage, 4 orders: −$73.48
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$130.23
Costs to cover: 0.955%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 1 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	1.72 bp	30.8 bp −$31	200.4 bp −$2,004	doesn't fit	doesn't fit
Sell BloFin live order book, 1 min ago	7.74 bp	19.0 bp −$19	49.4 bp −$494	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
Kraken Futures PF_ZETAUSD	−0.3679%	1h	0.05823	+0.114%	$56K	$566K	10x	as long as short
Variational Omni ZETA	−0.1709%	4h	0.05819	+0.059%	$124K	$551K	—	as long as short
Gate ZETA_USDT	−0.1616%	4h	0.05827	+0.189%	$581K	$7.1M	25x	as long as short
Bybit ZETAUSDT	−0.1598%	4h	0.05816	0.000%	$4.8M	$72.8M	25x	as long as short
MEXC ZETA_USDT	−0.0952%	4h	0.05819	+0.052%	$1.3M	$9.8M	50x	as long as short
Binance ZETAUSDT	−0.0941%	4h	0.05820	+0.069%	$7.5M	$272.9M	50x	as long as short
BloFin ZETA-USDTshort	−0.0893%	4h	0.05813	−0.052%	$357K	$1.1M	50x
OKX ZETA-USDT-SWAPlong	−0.0728%	4h	0.05816	long leg	$1.1M	$38.3M	20x
KuCoin ZETAUSDTM	−0.0536%	4h	0.05826	+0.172%	$963K	$4.2M	20x	as long as short
Hyperliquid ZETA	−0.0161%	1h	0.05819	+0.052%	$1.6M	$2.9M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+11.073%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05823	+0.120%	$2.5M	$53.8M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.05822	+0.103%	—	$7.0M	—	as long as short