Settings8H · net · $10k
Funding arb · Price arb /

ZETA

all ZETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0542%/8h= +59.4% APRnext payment +$2.71 per $10,000 · paid last 24h +0.021%
Price spread now: BingX against Binance+0.218%7-day average +0.006% · 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−$48as in the Price arb table
costs, in and out, $10k−$700.697% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.034%−$3 on $10k
Price spread, last 7 days−0.223%−$22 · spread now +0.218%, 7d avg +0.006%
Together, before fees−0.256%−$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and BingX is 0.212% dearer against Binance than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.006%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.034% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.71 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZETAUSDT0.05970−0.0442get 0.0221% / 4h3h 19m$8.2M$356.9M50x
ShortBingX ZETA-USDT0.059830.0100get 0.0050% / 4h3h 19m$7.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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

Funding earned
$113.87
Price spread: +0.218% → +0.006%
$21.19
Slippage, 4 orders
−$49.66
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
$65.41
Costs to cover
0.697%
Break-even
3.0 days
Slippage from Binance: live order book, 9 min ago; BingX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 9 min ago2.53 bp15.0 bp −$1572.1 bp −$721doesn't fitdoesn't fit
Sell BingX live order book, 3 min ago2.51 bp21.1 bp −$2162.0 bp −$620316.7 bp −$31.7K737.2 bp −$368.6K

ZETA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZETA_USDT−0.1142%4h0.05978+0.134%$625K$10.0M25xas long as short
Variational Omni ZETA−0.0878%4h0.05983+0.217%$113K$727Kas long as short
Bybit ZETAUSDT−0.0784%4h0.05961−0.151%$5.0M$92.7M25xas long as short
Kraken Futures PF_ZETAUSD−0.0678%1h0.05980+0.162%$53K$732K10xas long as short
KuCoin ZETAUSDTM−0.0540%4h0.05975+0.084%$1.2M$5.7M20xas long as short
OKX ZETA-USDT-SWAP−0.0532%4h0.05963−0.117%$1.2M$53.0M20xas long as short
BloFin ZETA-USDT−0.0494%4h0.05983+0.218%$389K$1.4M50xas long as short
MEXC ZETA_USDT−0.0446%4h0.05978+0.134%$1.2M$12.9M50xas long as short
Binance ZETAUSDTlong−0.0442%4h0.05970long leg$8.2M$356.9M50x
Injective ZETA/USDC PERP+0.0033%1h0.06460+8.208%$1K$1K5.5xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid ZETA+0.0100%1h0.05982+0.201%$1.7M$3.7M3xas long as short
Bitget ZETAUSDT+0.0100%4h0.05969−0.017%$2.3M$69.1M50xas long as short
BingX ZETA-USDTshort+0.0100%4h0.05983+0.218%$7.9M