ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0849%/8h= −93.0% APRnext payment −$4.25 per $10,000 · paid last 24h −0.219%

Price spread now: OKX against Bitget−0.102%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1081.084% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.212%−$21 on $10k

Price spread, last 7 days+0.035%+$4 · spread now −0.102%, 7d avg −0.063%

Together, before fees−0.176%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and OKX is 0.039% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.063%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.212% in total (about -11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.25 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	0.05906	0.0100	pay 0.0050% / 4h	3h 46m	$2.3M	$71.4M	50x
Short	OKX ZETA-USDT-SWAP	0.05900	−0.0749	pay 0.0375% / 4h	3h 46m	$1.2M	$54.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$178.31
Price spread: −0.102% → −0.063%: −$3.87
Slippage, 4 orders: −$86.42
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$290.6
Costs to cover: 1.084%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; OKX: 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 Bitget live order book, 3 min ago	2.55 bp	18.6 bp −$19	82.0 bp −$820	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	4.24 bp	34.8 bp −$35	122.7 bp −$1,227	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
Variational Omni ZETA	−0.0850%	4h	0.05901	−0.077%	$114K	$745K	—	as long as short
KuCoin ZETAUSDTM	−0.0836%	4h	0.05910	+0.068%	$1.2M	$5.8M	20x	as long as short
Gate ZETA_USDT	−0.0806%	4h	0.05908	+0.034%	$596K	$9.9M	25x	as long as short
OKX ZETA-USDT-SWAPshort	−0.0749%	4h	0.05900	−0.102%	$1.2M	$54.4M	20x
Kraken Futures PF_ZETAUSD	−0.0687%	1h	0.05903	−0.046%	$49K	$733K	10x	as long as short
BloFin ZETA-USDT	−0.0640%	4h	0.05903	−0.051%	$403K	$1.4M	50x	as long as short
MEXC ZETA_USDT	−0.0596%	4h	0.05906	0.000%	$1.2M	$12.9M	50x	as long as short
Binance ZETAUSDT	−0.0579%	4h	0.05905	−0.017%	$8.0M	$367.0M	50x	as long as short
Bybit ZETAUSDT	−0.0061%	4h	0.05897	−0.152%	$4.9M	$95.0M	25x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+9.380%	$1K	$1K	5.5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETA	+0.0100%	1h	0.05905	−0.017%	$1.6M	$3.9M	3x	as long as short
Bitget ZETAUSDTlong	+0.0100%	4h	0.05906	long leg	$2.3M	$71.4M	50x
BingX ZETA-USDT	+0.0100%	4h	0.05905	−0.017%	—	$8.0M	—	as long as short