ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0442%/8h= −48.4% APRnext payment −$2.21 per $10,000 · paid last 24h +0.043%

Price spread now: BloFin against Bybit+0.167%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$770.765% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now +0.167%, 7d avg −0.043%

Together, before fees+0.099%+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.210% dearer against Bybit than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of −0.043%): +$21 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 38 hours. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.21 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	0.05985	−0.0418	get 0.0209% / 4h	38m 29s	$5.2M	$79.5M	25x
Short	BloFin ZETA-USDT	0.05995	−0.0860	pay 0.0430% / 4h	38m 29s	$414K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$92.82
Price spread: +0.167% → −0.043%: $21.03
Slippage, 4 orders: −$53.53
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$148.33
Costs to cover: 0.765%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BloFin: 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 Bybit live order book, 5 min ago	1.66 bp	21.5 bp −$21	76.1 bp −$761	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	2.51 bp	19.3 bp −$19	39.5 bp −$395	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
Gate ZETA_USDT	−0.1404%	4h	0.05989	+0.067%	$628K	$9.5M	25x	as long as short
MEXC ZETA_USDT	−0.0908%	4h	0.05996	+0.184%	$1.4M	$11.7M	50x	as long as short
Binance ZETAUSDT	−0.0907%	4h	0.05992	+0.109%	$8.5M	$308.9M	50x	as long as short
BloFin ZETA-USDTshort	−0.0860%	4h	0.05995	+0.167%	$414K	$1.0M	50x
OKX ZETA-USDT-SWAP	−0.0842%	4h	0.05981	−0.067%	$1.2M	$46.7M	20x	as long as short
BingX ZETA-USDT	−0.0842%	4h	0.05990	+0.084%	—	$6.8M	—	as long as short
Variational Omni ZETA	−0.0673%	4h	0.05971	−0.238%	$137K	$712K	—	as long as short
KuCoin ZETAUSDTM	−0.0642%	4h	0.05995	+0.167%	$1.2M	$5.2M	20x	as long as short
Bybit ZETAUSDTlong	−0.0418%	4h	0.05985	long leg	$5.2M	$79.5M	25x
Hyperliquid ZETA	−0.0279%	1h	0.05989	+0.067%	$1.7M	$3.7M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZETAUSD	−0.0187%	1h	0.05997	+0.201%	$68K	$645K	10x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+7.937%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05994	+0.150%	$2.3M	$58.5M	50x	as long as short