ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0908%/8h= +99.4% APRnext payment +$4.54 per $10,000 · paid last 24h −0.010%

Price spread now: Bybit against Gate−0.101%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1311.307% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.101%, 7d avg −0.042%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.059% cheaper against Gate than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.042%). If the spread goes back, that is −$6 on $10k: about 5 hours of funding at the current rate (+$27 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.54 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	Gate ZETA_USDT	0.05968	−0.0884	get 0.0442% / 4h	2h 04m	$597K	$9.5M	25x
Short	Bybit ZETAUSDT	0.05962	0.0024	get 0.0012% / 4h	2h 04m	$5.3M	$78.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.101%Rate

Funding earned: $190.68
Price spread: −0.101% → −0.042%: −$5.86
Slippage, 4 orders: −$104.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $54.08
Costs to cover: 1.307%
Break-even: 5.0 days

Slippage from Gate: live order book, 4 min ago; Bybit: 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 Gate live order book, 4 min ago	4.16 bp	42.9 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.83 bp	22.0 bp −$22	83.2 bp −$832	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_USDTlong	−0.0884%	4h	0.05968	long leg	$597K	$9.5M	25x
KuCoin ZETAUSDTM	−0.0530%	4h	0.05969	+0.017%	$1.1M	$5.1M	20x	as long as short
Binance ZETAUSDT	−0.0497%	4h	0.05973	+0.084%	$8.2M	$303.3M	50x	as long as short
MEXC ZETA_USDT	−0.0496%	4h	0.05972	+0.067%	$1.5M	$11.6M	50x	as long as short
BloFin ZETA-USDT	−0.0460%	4h	0.05977	+0.151%	$399K	$1.0M	50x	as long as short
Kraken Futures PF_ZETAUSD	−0.0430%	1h	0.05983	+0.254%	$66K	$631K	10x	as long as short
BingX ZETA-USDT	−0.0417%	4h	0.05969	+0.017%	—	$6.7M	—	as long as short
OKX ZETA-USDT-SWAP	−0.0266%	4h	0.05964	−0.067%	$1.1M	$45.8M	20x	as long as short
Variational Omni ZETA	−0.0179%	4h	0.05980	+0.205%	$138K	$702K	—	as long as short
Bybit ZETAUSDTshort	+0.0024%	4h	0.05962	−0.101%	$5.3M	$78.2M	25x

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	+8.244%	$1K	$5K	5.5x	as long as short
Hyperliquid ZETA	+0.0100%	1h	0.05974	+0.101%	$1.7M	$3.7M	3x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05976	+0.134%	$2.2M	$57.7M	50x	as long as short