ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0940%/8h= −102.9% APRnext payment −$4.70 per $10,000 · paid last 24h −0.104%

Price spread now: OKX against BingX+0.051%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1081.082% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.051%, 7d avg +0.004%

Together, before fees−0.105%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.047% dearer against BingX than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.004%): +$5 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.064% in total) that is about 5.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.064% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.70 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	0.05923	0.0100	pay 0.0050% / 4h	1h 14m	—	$7.5M	—
Short	OKX ZETA-USDT-SWAP	0.05926	−0.0840	pay 0.0420% / 4h	1h 14m	$1.2M	$45.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$197.34
Price spread: +0.051% → +0.004%: $4.71
Slippage, 4 orders: −$88.2
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$300.83
Costs to cover: 1.082%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; OKX: live order book, 4 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, 8 min ago	4.24 bp	19.5 bp −$20	63.4 bp −$634	512.2 bp −$51.2K	801.1 bp −$400.5K
Sell OKX live order book, 4 min ago	4.21 bp	35.6 bp −$36	173.2 bp −$1,732	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	−0.3533%	1h	0.05922	−0.009%	$54K	$677K	10x	as long as short
Variational Omni ZETA	−0.1683%	4h	0.05914	−0.144%	$122K	$682K	—	as long as short
Gate ZETA_USDT	−0.1578%	4h	0.05922	−0.017%	$637K	$8.7M	25x	as long as short
Bybit ZETAUSDT	−0.1439%	4h	0.05921	−0.034%	$5.0M	$82.7M	25x	as long as short
BloFin ZETA-USDT	−0.1085%	4h	0.05923	0.000%	$374K	$1.3M	50x	as long as short
Binance ZETAUSDT	−0.1055%	4h	0.05925	+0.034%	$7.9M	$313.3M	50x	as long as short
MEXC ZETA_USDT	−0.1054%	4h	0.05923	0.000%	$1.2M	$10.9M	50x	as long as short
KuCoin ZETAUSDTM	−0.0840%	4h	0.05922	−0.017%	$1.0M	$4.9M	20x	as long as short
OKX ZETA-USDT-SWAPshort	−0.0840%	4h	0.05926	+0.051%	$1.2M	$45.2M	20x
Hyperliquid ZETA	−0.0250%	1h	0.05923	0.000%	$1.6M	$3.3M	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	+9.066%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05929	+0.101%	$2.4M	$60.4M	50x	as long as short
BingX ZETA-USDTlong	+0.0100%	4h	0.05923	long leg	—	$7.5M	—