ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0195%/8h= −21.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.085%

Price spread now: Hyperliquid against Injective−7.105%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.311%−$31 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Hyperliquid is 7.105% cheaper against Injective than usual: you would sell low and buy high (−$711 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ZETA/USDC PERP	0.06460	0.0033	pay 0.0004% / 1h	18m 43s	$1K	$5K	5.5x
Short	Hyperliquid ZETA	0.06001	−0.0161	pay 0.0020% / 1h	18m 43s	$1.7M	$3.7M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Injective. 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 InjectivebpFee HyperliquidbpOrdersPrice spread, now −7.105%Rate

Funding earned: −$40.89
Price spread: −7.105% → 0.000%: −$710.53
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$760.44
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 3 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 3 min ago	4.14 bp	31.2 bp −$31	doesn't fit	doesn't fit	doesn't fit

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
Gate ZETA_USDT	−0.1192%	4h	0.06006	−7.028%	$624K	$9.5M	25x	as long as short
Binance ZETAUSDT	−0.0706%	4h	0.06005	−7.038%	$8.5M	$306.3M	50x	as long as short
BloFin ZETA-USDT	−0.0706%	4h	0.05995	−7.198%	$413K	$1.0M	50x	as long as short
MEXC ZETA_USDT	−0.0706%	4h	0.06005	−7.043%	$1.5M	$11.6M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.0631%	4h	0.05997	−7.167%	$1.1M	$46.4M	20x	as long as short
BingX ZETA-USDT	−0.0628%	4h	0.06003	−7.074%	—	$6.8M	—	as long as short
KuCoin ZETAUSDTM	−0.0598%	4h	0.05996	−7.183%	$1.2M	$5.1M	20x	as long as short
Variational Omni ZETA	−0.0403%	4h	0.06015	−6.892%	$142K	$708K	—	as long as short
Kraken Futures PF_ZETAUSD	−0.0265%	1h	0.06005	−7.044%	$67K	$634K	10x	as long as short
Bybit ZETAUSDT	−0.0200%	4h	0.05996	−7.183%	$5.3M	$78.9M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETAshort	−0.0161%	1h	0.06001	−7.105%	$1.7M	$3.7M	3x
Injective ZETA/USDC PERPlong	+0.0033%	1h	0.06460	long leg	$1K	$5K	5.5x
Bitget ZETAUSDT	+0.0100%	4h	0.06009	−6.981%	$2.2M	$58.2M	50x	as long as short