ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.1588%/8h= +173.9% APRnext payment +$7.94 per $10,000 · paid last 24h −0.043%

Price spread now: OKX against Bybit−0.207%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$800.798% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 7 days+0.182%+$18 · spread now −0.207%, 7d avg +0.013%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.220% cheaper against Bybit than usual: you would sell low and buy high (spread −0.207% now, against its 7-day average of +0.013%). If the spread goes back, that is −$22 on $10k: about 11 hours of funding at the current rate (+$48 a day). Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.94 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	0.05809	−0.2284	get 0.1142% / 4h	3h 37m	$4.7M	$77.2M	25x
Short	OKX ZETA-USDT-SWAP	0.05797	−0.0696	pay 0.0348% / 4h	3h 37m	$1.1M	$40.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.207%Rate

Funding earned: $333.44
Price spread: −0.207% → +0.013%: −$21.97
Slippage, 4 orders: −$58.77
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: $231.71
Costs to cover: 0.798%
Break-even: 2.1 days

Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 1 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, 2 min ago	1.73 bp	10.4 bp −$10	116.6 bp −$1,166	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	3.45 bp	24.8 bp −$25	103.1 bp −$1,031	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	−0.3693%	1h	0.05800	−0.149%	$56K	$611K	10x	as long as short
Bybit ZETAUSDTlong	−0.2284%	4h	0.05809	long leg	$4.7M	$77.2M	25x
Gate ZETA_USDT	−0.2006%	4h	0.05802	−0.121%	$582K	$7.1M	25x	as long as short
Variational Omni ZETA	−0.1615%	4h	0.05810	+0.009%	$120K	$585K	—	as long as short
Binance ZETAUSDT	−0.1054%	4h	0.05807	−0.034%	$7.5M	$288.6M	50x	as long as short
MEXC ZETA_USDT	−0.1046%	4h	0.05796	−0.224%	$1.2M	$9.8M	50x	as long as short
BloFin ZETA-USDT	−0.1042%	4h	0.05786	−0.396%	$357K	$1.2M	50x	as long as short
OKX ZETA-USDT-SWAPshort	−0.0696%	4h	0.05797	−0.207%	$1.1M	$40.6M	20x
KuCoin ZETAUSDTM	−0.0608%	4h	0.05793	−0.275%	$964K	$4.5M	20x	as long as short
Hyperliquid ZETA	−0.0119%	1h	0.05795	−0.241%	$1.6M	$3.0M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+11.207%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05800	−0.155%	$2.5M	$56.7M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.05797	−0.207%	—	$7.2M	—	as long as short