ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1808%/8h= −198.0% APRnext payment −$9.04 per $10,000 · paid last 24h −0.102%

Price spread now: Bybit against Bitget+0.051%7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$910.913% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)−0.235%−$23 · spread now +0.051%, 7d avg −0.082%

Together, before fees−0.321%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.134% dearer against Bitget than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of −0.082%): +$13 on $10k if it goes back. Holding the pair costs −$54 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.086% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.04 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	Bitget ZETAUSDT	0.05835	0.0100	pay 0.0050% / 4h	3h 33m	$2.1M	$62.5M	50x
Short	Bybit ZETAUSDT	0.05838	−0.1708	pay 0.0854% / 4h	3h 33m	$5.1M	$84.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$379.73
Price spread: +0.051% → −0.082%: $13.35
Slippage, 4 orders: −$68.3
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$457.68
Costs to cover: 0.913%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 5 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 Bitget live order book, 5 min ago	4.33 bp	18.3 bp −$18	88.0 bp −$880	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.73 bp	24.0 bp −$24	86.1 bp −$861	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	−0.2787%	1h	0.05844	+0.157%	$48K	$706K	10x	as long as short
Gate ZETA_USDT	−0.2450%	4h	0.05840	+0.086%	$574K	$10.0M	25x	as long as short
Binance ZETAUSDT	−0.1925%	4h	0.05850	+0.251%	$7.9M	$326.4M	50x	as long as short
MEXC ZETA_USDT	−0.1882%	4h	0.05848	+0.223%	$1.2M	$12.1M	50x	as long as short
BloFin ZETA-USDT	−0.1854%	4h	0.05842	+0.120%	$369K	$1.1M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.1742%	4h	0.05830	−0.086%	$1.1M	$49.2M	20x	as long as short
BingX ZETA-USDT	−0.1738%	4h	0.05842	+0.120%	—	$7.1M	—	as long as short
Bybit ZETAUSDTshort	−0.1708%	4h	0.05838	+0.051%	$5.1M	$84.3M	25x
KuCoin ZETAUSDTM	−0.1604%	4h	0.05838	+0.051%	$1.1M	$5.4M	20x	as long as short
Variational Omni ZETA	−0.1308%	4h	0.05864	+0.499%	$108K	$746K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETA	−0.0688%	1h	0.05846	+0.189%	$1.6M	$3.9M	3x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+10.711%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDTlong	+0.0100%	4h	0.05835	long leg	$2.1M	$62.5M	50x