Funding you earn now, next payment 11:00 UTC+0.1004%/8h= +109.9% APRpaid last 24h +0.150%
Price spread now: Injective against Bybit+13.993%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.173%+$17 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Injective is 13.993% dearer against Bybit than usual: you sell high and buy low: +$1,399 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.173% in total (about 9.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZETAUSDT | 0.05667 | −0.0971 | get 0.0485% / 4h | 1h 48m | $4.5M | $66.2M | 25x |
| Short | Injective ZETA/USDC PERP | 0.06460 | 0.0033 | get 0.0004% / 1h | 48m 37s | $1K | $1K | 5.5x |
Bybit ZETAUSDT
Injective ZETA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $210.83
- Price spread: +13.993% → 0.000%
- $1,399.33
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1,599.14
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.
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, 3 min ago | 1.76 bp | 23.4 bp −$23 | 148.7 bp −$1,487 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ZETA on 13 exchanges
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 | −0.2096% | 1h | 0.05665 | −0.031% | $55K | $525K | 10x | as long as short |
| Variational Omni ZETA | −0.1538% | 4h | 0.05690 | +0.398% | $122K | $432K | — | as long as short |
| Bybit ZETAUSDTlong | −0.0971% | 4h | 0.05667 | long leg | $4.5M | $66.2M | 25x | |
| Binance ZETAUSDT | −0.0843% | 4h | 0.05664 | −0.053% | $7.0M | $244.9M | 50x | as long as short |
| MEXC ZETA_USDT | −0.0832% | 4h | 0.05664 | −0.053% | $1.3M | $7.9M | 50x | as long as short |
| Gate ZETA_USDT | −0.0828% | 4h | 0.05681 | +0.247% | $553K | $6.0M | 25x | as long as short |
| BloFin ZETA-USDT | −0.0810% | 4h | 0.05669 | +0.035% | $337K | $1.1M | 50x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0539% | 4h | 0.05664 | −0.053% | $1.0M | $34.1M | 20x | as long as short |
| KuCoin ZETAUSDTM | −0.0436% | 4h | 0.05664 | −0.053% | $950K | $3.8M | 20x | as long as short |
| Hyperliquid ZETA | −0.0397% | 1h | 0.05667 | 0.000% | $1.5M | $2.8M | 3x | as long as short |
Kraken Futures PF_ZETAUSD
Variational Omni ZETA
Binance ZETAUSDT
MEXC ZETA_USDT
Gate ZETA_USDT
BloFin ZETA-USDT
OKX ZETA-USDT-SWAP
KuCoin ZETAUSDTM
Hyperliquid ZETAShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZETA/USDC PERPshort | +0.0033% | 1h | 0.06460 | +13.993% | $1K | $1K | 5.5x | |
| Bitget ZETAUSDT | +0.0068% | 4h | 0.05664 | −0.053% | $2.3M | $49.3M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.05668 | +0.018% | — | $6.7M | — | as long as short |
Bitget ZETAUSDT
BingX ZETA-USDT