Funding you earn now, next payment 08:00 UTC+0.0370%/8h= +40.5% APRnext payment +$1.85 per $10,000 · paid last 24h +0.020%
Price spread now: BingX against Bybit+0.051%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$760.759% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 7 days−0.060%−$6 · spread now +0.051%, 7d avg +0.008%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BingX is 0.043% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.008%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.85 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 | Bybit ZETAUSDT | 0.05897 | −0.0270 | get 0.0135% / 4h | 3h 47m | $4.9M | $95.2M | 25x |
| Short | BingX ZETA-USDT | 0.05900 | 0.0100 | get 0.0050% / 4h | 3h 47m | — | $8.0M | — |
Bybit ZETAUSDT
BingX ZETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $77.74
- Price spread: +0.051% → +0.008%
- $4.29
- Slippage, 4 orders
- −$54.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $6.16
- Costs to cover
- 0.759%
- Break-even
- 6.4 days
Slippage from Bybit: live order book, 1 min ago; BingX: 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 Bybit live order book, 1 min ago | 2.55 bp | 23.9 bp −$24 | 108.3 bp −$1,083 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 2.54 bp | 15.3 bp −$15 | 43.8 bp −$438 | 263.4 bp −$26.3K | 694.9 bp −$347.4K |
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 | −0.0896% | 4h | 0.05928 | +0.534% | $115K | $756K | — | as long as short |
| Gate ZETA_USDT | −0.0868% | 4h | 0.05896 | −0.017% | $600K | $9.9M | 25x | as long as short |
| KuCoin ZETAUSDTM | −0.0866% | 4h | 0.05906 | +0.153% | $1.2M | $5.8M | 20x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0778% | 4h | 0.05897 | 0.000% | $1.2M | $54.5M | 20x | as long as short |
| Kraken Futures PF_ZETAUSD | −0.0688% | 1h | 0.05901 | +0.069% | $49K | $732K | 10x | as long as short |
| Binance ZETAUSDT | −0.0607% | 4h | 0.05902 | +0.092% | $8.0M | $368.0M | 50x | as long as short |
| MEXC ZETA_USDT | −0.0606% | 4h | 0.05901 | +0.068% | $1.2M | $12.9M | 50x | as long as short |
| BloFin ZETA-USDT | −0.0596% | 4h | 0.05864 | −0.560% | $401K | $1.4M | 50x | as long as short |
| Bybit ZETAUSDTlong | −0.0270% | 4h | 0.05897 | long leg | $4.9M | $95.2M | 25x | |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +9.547% | $1K | $1K | 5.5x | as long as short |
Variational Omni ZETA
Gate ZETA_USDT
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAP
Kraken Futures PF_ZETAUSD
Binance ZETAUSDT
MEXC ZETA_USDT
BloFin ZETA-USDT
Injective ZETA/USDC PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETA | +0.0100% | 1h | 0.05901 | +0.068% | $1.6M | $3.9M | 3x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05897 | 0.000% | $2.3M | $71.6M | 50x | as long as short |
| BingX ZETA-USDTshort | +0.0100% | 4h | 0.05900 | +0.051% | — | $8.0M | — |
Hyperliquid ZETA
Bitget ZETAUSDT