Funding arb · Price arb /

ZETA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1847%/8h= +202.3% APRpaid last 24h +0.246%

Price spread now: Injective against Gate+8.791%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$12 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 +$55 a day on $10k at the current rate, and Injective is 8.791% dearer against Gate than usual: you sell high and buy low: +$879 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 0.115% in total (about 6.0% a year). A funding rate is set anew for every payment. 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	0.05938	−0.1814	get 0.0907% / 4h	2h 41m	$596K	$10.4M	25x
Short	Injective ZETA/USDC PERP	0.06460	0.0033	get 0.0004% / 1h	41m 05s	$1K	$5K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now +8.791%Rate

Funding earned: $387.94
Price spread: +8.791% → 0.000%: $879.08
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,252
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	3.30 bp	50.9 bp −$51	doesn't fit	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 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
OKX ZETA-USDT-SWAP	−0.1939%	4h	0.05926	−0.202%	$1.1M	$51.9M	20x	as long as short
BloFin ZETA-USDT	−0.1933%	4h	0.05766	−2.897%	$379K	$1.2M	50x	as long as short
KuCoin ZETAUSDTM	−0.1932%	4h	0.05896	−0.707%	$1.2M	$5.6M	20x	as long as short
Binance ZETAUSDT	−0.1927%	4h	0.05928	−0.168%	$8.2M	$339.2M	50x	as long as short
MEXC ZETA_USDT	−0.1916%	4h	0.05930	−0.135%	$1.1M	$12.2M	50x	as long as short
BingX ZETA-USDT	−0.1852%	4h	0.05930	−0.135%	—	$7.3M	—	as long as short
Gate ZETA_USDTlong	−0.1814%	4h	0.05938	long leg	$596K	$10.4M	25x
Variational Omni ZETA	−0.1317%	4h	0.05903	−0.588%	$114K	$757K	—	as long as short
Kraken Futures PF_ZETAUSD	−0.0955%	1h	0.05918	−0.331%	$48K	$716K	10x	as long as short
Bybit ZETAUSDT	−0.0428%	4h	0.05920	−0.303%	$5.2M	$87.5M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETA	−0.0151%	1h	0.05926	−0.202%	$1.6M	$3.9M	3x	as long as short
Injective ZETA/USDC PERPshort	+0.0033%	1h	0.06460	+8.791%	$1K	$5K	5.5x
Bitget ZETAUSDT	+0.0100%	4h	0.05935	−0.051%	$2.2M	$65.5M	50x	as long as short