ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.2385%/8h= −261.1% APRnext payment −$11.92 per $10,000 · paid last 24h −0.043%

Price spread now: Bybit against BingX+0.274%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$900.903% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days−0.235%−$24 · spread now +0.274%, 7d avg −0.011%

Together, before fees−0.261%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.285% dearer against BingX than usual: you sell high and buy low (spread +0.274% now, against its 7-day average of −0.011%): +$28 on $10k if it goes back. Holding the pair costs −$72 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.026% in total) that is about 3 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.92 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	BingX ZETA-USDT	0.05844	0.0100	pay 0.0050% / 4h	3h 26m	—	$7.2M	—
Short	Bybit ZETAUSDT	0.05860	−0.2285	pay 0.1142% / 4h	3h 26m	$4.8M	$76.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now +0.274%Rate

Funding earned: −$500.78
Price spread: +0.274% → −0.011%: $28.49
Slippage, 4 orders: −$69.3
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$562.59
Costs to cover: 0.903%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Bybit: live order book, 3 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 BingX live order book, 11 min ago	3.45 bp	18.9 bp −$19	63.7 bp −$637	528.2 bp −$52.8K	853.8 bp −$426.9K
Sell Bybit live order book, 3 min ago	3.45 bp	24.3 bp −$24	122.8 bp −$1,228	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	−0.3665%	1h	0.05844	+0.004%	$56K	$600K	10x	as long as short
Bybit ZETAUSDTshort	−0.2285%	4h	0.05860	+0.274%	$4.8M	$76.8M	25x
Gate ZETA_USDT	−0.1974%	4h	0.05851	+0.120%	$588K	$7.1M	25x	as long as short
Variational Omni ZETA	−0.1749%	4h	0.05758	−1.471%	$118K	$575K	—	as long as short
BloFin ZETA-USDT	−0.1104%	4h	0.05788	−0.958%	$360K	$1.2M	50x	as long as short
Binance ZETAUSDT	−0.1054%	4h	0.05853	+0.154%	$7.5M	$286.0M	50x	as long as short
MEXC ZETA_USDT	−0.1054%	4h	0.05839	−0.086%	$1.2M	$9.8M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.0779%	4h	0.05851	+0.120%	$1.1M	$40.7M	20x	as long as short
KuCoin ZETAUSDTM	−0.0660%	4h	0.05856	+0.205%	$973K	$4.4M	20x	as long as short
Hyperliquid ZETA	−0.0195%	1h	0.05841	−0.051%	$1.6M	$3.0M	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	+10.541%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05847	+0.051%	$2.5M	$56.5M	50x	as long as short
BingX ZETA-USDTlong	+0.0100%	4h	0.05844	long leg	—	$7.2M	—