Funding arb · Price arb /

ZETA

all ZETA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0568%/8h= +62.2% APRpaid last 24h +0.193%

Price spread now: Injective against OKX+19.188%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.248%+$25 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Injective is 19.188% dearer against OKX than usual: you sell high and buy low: +$1,919 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.248% in total (about 12.9% a year). A funding rate is set anew for every payment. 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	0.05420	−0.0535	get 0.0267% / 4h	10m 45s	$991K	$30.4M	20x
Short	Injective ZETA/USDC PERP	0.06460	0.0033	get 0.0004% / 1h	10m 45s	$1K	$1K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +19.188%Rate

Funding earned: $119.33
Price spread: +19.188% → 0.000%: $1,918.82
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $2,028.13
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.170%	$53K	$472K	10x	as long as short
Variational Omni ZETA	−0.1493%	4h	0.05418	−0.028%	$99K	$395K	—	as long as short
Gate ZETA_USDT	−0.1018%	4h	0.05424	+0.074%	$493K	$5.9M	25x	as long as short
Binance ZETAUSDT	−0.0938%	4h	0.05425	+0.084%	$6.4M	$230.3M	50x	as long as short
MEXC ZETA_USDT	−0.0936%	4h	0.05423	+0.055%	$1.1M	$7.3M	50x	as long as short
Bybit ZETAUSDT	−0.0890%	4h	0.05423	+0.055%	$4.2M	$61.9M	25x	as long as short
BloFin ZETA-USDT	−0.0888%	4h	0.05413	−0.129%	$306K	$960K	50x	as long as short
KuCoin ZETAUSDTM	−0.0646%	4h	0.05422	+0.037%	$783K	$3.5M	20x	as long as short
OKX ZETA-USDT-SWAPlong	−0.0535%	4h	0.05420	long leg	$991K	$30.4M	20x
Bitget ZETAUSDT	−0.0346%	4h	0.05428	+0.148%	$2.0M	$46.2M	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-USDT	−0.0246%	4h	0.05424	+0.074%	—	$6.3M	—	as long as short
Hyperliquid ZETA	−0.0070%	1h	0.05423	+0.055%	$1.4M	$2.8M	3x	as long as short
Injective ZETA/USDC PERPshort	+0.0033%	1h	0.06460	+19.188%	$1K	$1K	5.5x