Funding arb · Price arb /

ZETA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.120%

Price spread now: Bitget against Variational Omni−0.287%7-day average +0.157% · you buy dearer than you sell

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.145%+$14 on $10k

Price spread, last 3 days (all we have)+0.324%+$32 · spread now −0.287%, 7d avg +0.157%

Together, before fees+0.468%+ Points / potential airdropVariational Omni: Active · farm board+$47 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.444% cheaper against Variational Omni than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of +0.157%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZETA	0.06120	0.0100	pay 0.0050% / 4h	2h 56m	$144K	$695K	—
Short	Bitget ZETAUSDT	0.06102	0.0100	get 0.0050% / 4h	2h 56m	$2.2M	$56.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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 Variational OmnibpFee BitgetbpOrdersPrice spread, now −0.287%Rate

Funding earned: $0
Price spread: −0.287% → +0.157%: −$44.42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$56.42
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 32 min ago; Bitget: live order book, 2 min ago. 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 Variational Omni RFQ quote, 32 min ago	4.85 bp	doesn't fit	84.1 bp −$841	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.46 bp	15.7 bp −$16	77.3 bp −$773	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	−0.0600%	4h	0.06094	−0.418%	$614K	$9.4M	25x	as long as short
KuCoin ZETAUSDTM	−0.0462%	4h	0.06093	−0.435%	$1.2M	$5.0M	20x	as long as short
Kraken Futures PF_ZETAUSD	−0.0423%	1h	0.06079	−0.658%	$67K	$628K	10x	as long as short
BingX ZETA-USDT	−0.0085%	4h	0.06091	−0.467%	—	$6.7M	—	as long as short
OKX ZETA-USDT-SWAP	−0.0073%	4h	0.06089	−0.500%	$1.1M	$46.4M	20x	as long as short
Binance ZETAUSDT	−0.0062%	4h	0.06098	−0.347%	$8.4M	$299.3M	50x	as long as short
MEXC ZETA_USDT	−0.0062%	4h	0.06097	−0.369%	$1.5M	$11.5M	50x	as long as short
BloFin ZETA-USDT	−0.0044%	4h	0.06066	−0.876%	$412K	$977K	50x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+5.563%	$1K	$5K	5.5x	as long as short
Hyperliquid ZETA	+0.0100%	1h	0.06098	−0.353%	$1.7M	$3.6M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZETAUSDT	+0.0100%	4h	0.06097	−0.369%	$5.4M	$77.2M	25x	as long as short
Bitget ZETAUSDTshort	+0.0100%	4h	0.06102	−0.287%	$2.2M	$56.9M	50x
Variational Omni ZETAlong	+0.0100%	4h	0.06120	long leg	$144K	$695K	—