Funding you earn now, next payment 11:00 UTC−0.0578%/8h= −63.2% APRpaid last 24h −0.193%
Price spread now: OKX against Injective−12.446%68s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.248%−$25 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and OKX is 12.446% cheaper against Injective than usual: you would sell low and buy high (−$1,245 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.248% in total (about -12.9% 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 | Injective ZETA/USDC PERP | 0.06460 | 0.0033 | pay 0.0004% / 1h | 46m 06s | $1K | $1K | 5.5x |
| Short | OKX ZETA-USDT-SWAP | 0.05656 | −0.0544 | pay 0.0272% / 4h | 1h 46m | $1.0M | $34.0M | 20x |
Injective ZETA/USDC PERP
OKX ZETA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Injective. 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
- −$121.28
- Price spread: −12.446% → 0.000%
- −$1,244.58
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$1,375.88
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago | 2.65 bp | 25.1 bp −$25 | 108.3 bp −$1,083 | 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 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 | −0.2094% | 1h | 0.05669 | −12.249% | $55K | $524K | 10x | as long as short |
| Variational Omni ZETA | −0.1538% | 4h | 0.05690 | −11.926% | $122K | $432K | — | as long as short |
| Bybit ZETAUSDT | −0.0927% | 4h | 0.05667 | −12.276% | $4.6M | $66.1M | 25x | as long as short |
| Binance ZETAUSDT | −0.0862% | 4h | 0.05662 | −12.359% | $7.0M | $244.7M | 50x | as long as short |
| BloFin ZETA-USDT | −0.0862% | 4h | 0.05658 | −12.415% | $336K | $1.1M | 50x | as long as short |
| Gate ZETA_USDT | −0.0842% | 4h | 0.05663 | −12.337% | $549K | $6.0M | 25x | as long as short |
| MEXC ZETA_USDT | −0.0842% | 4h | 0.05661 | −12.368% | $1.3M | $7.9M | 50x | as long as short |
| OKX ZETA-USDT-SWAPshort | −0.0544% | 4h | 0.05656 | −12.446% | $1.0M | $34.0M | 20x | |
| Hyperliquid ZETA | −0.0457% | 1h | 0.05661 | −12.368% | $1.5M | $2.8M | 3x | as long as short |
| KuCoin ZETAUSDTM | −0.0444% | 4h | 0.05663 | −12.337% | $946K | $3.8M | 20x | as long as short |
Kraken Futures PF_ZETAUSD
Variational Omni ZETA
Bybit ZETAUSDT
Binance ZETAUSDT
BloFin ZETA-USDT
Gate ZETA_USDT
MEXC ZETA_USDT
Hyperliquid ZETA
KuCoin ZETAUSDTMShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZETA/USDC PERPlong | +0.0033% | 1h | 0.06460 | long leg | $1K | $1K | 5.5x | |
| Bitget ZETAUSDT | +0.0040% | 4h | 0.05662 | −12.353% | $2.3M | $49.3M | 50x | as long as short |
| BingX ZETA-USDT | +0.0082% | 4h | 0.05663 | −12.337% | — | $6.7M | — | as long as short |
Bitget ZETAUSDT
BingX ZETA-USDT