ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0453%/8h= +49.7% APRnext payment +$2.27 per $10,000 · paid last 24h +0.043%

Price spread now: Bybit against OKX−0.150%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$930.933% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.150%, 7d avg −0.002%

Together, before fees+0.224%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.149% cheaper against OKX than usual: you would sell low and buy high (spread −0.150% now, against its 7-day average of −0.002%). If the spread goes back, that is −$15 on $10k: about 26 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.074% in total) that is about 14 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.074% in total (about 3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.27 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	0.05984	−0.0666	get 0.0333% / 4h	1h 08m	$1.1M	$46.4M	20x
Short	Bybit ZETAUSDT	0.05975	−0.0213	pay 0.0106% / 4h	1h 08m	$5.3M	$79.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.150%Rate

Funding earned: $95.23
Price spread: −0.150% → −0.002%: −$14.88
Slippage, 4 orders: −$72.31
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$12.96
Costs to cover: 0.933%
Break-even: 8.0 days

Slippage from OKX: live order book, 5 min ago; Bybit: 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 OKX live order book, 5 min ago	3.34 bp	25.5 bp −$25	96.6 bp −$966	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.35 bp	23.3 bp −$23	77.9 bp −$779	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	−0.1254%	4h	0.05990	+0.100%	$625K	$9.5M	25x	as long as short
Binance ZETAUSDT	−0.0794%	4h	0.05988	+0.067%	$8.5M	$306.9M	50x	as long as short
BloFin ZETA-USDT	−0.0788%	4h	0.05982	−0.033%	$414K	$1.0M	50x	as long as short
MEXC ZETA_USDT	−0.0782%	4h	0.05981	−0.050%	$1.5M	$11.6M	50x	as long as short
BingX ZETA-USDT	−0.0724%	4h	0.05978	−0.100%	—	$6.8M	—	as long as short
OKX ZETA-USDT-SWAPlong	−0.0666%	4h	0.05984	long leg	$1.1M	$46.4M	20x
KuCoin ZETAUSDTM	−0.0650%	4h	0.05974	−0.167%	$1.1M	$5.1M	20x	as long as short
Variational Omni ZETA	−0.0438%	4h	0.05960	−0.406%	$141K	$708K	—	as long as short
Kraken Futures PF_ZETAUSD	−0.0266%	1h	0.05983	−0.015%	$66K	$634K	10x	as long as short
Hyperliquid ZETA	−0.0228%	1h	0.05980	−0.067%	$1.7M	$3.8M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZETAUSDTshort	−0.0213%	4h	0.05975	−0.150%	$5.3M	$79.0M	25x
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+7.955%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05989	+0.084%	$2.2M	$58.2M	50x	as long as short