ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0299%/8h= +32.8% APRnext payment +$1.50 per $10,000 · paid last 24h +0.074%

Price spread now: BloFin against OKX+0.187%113s7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1131.134% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 4 days (all we have)+0.135%+$14 · spread now +0.187%, 7d avg −0.044%

Together, before fees+0.252%+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BloFin is 0.231% dearer against OKX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.044%. The two prices were read 113 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 0.117% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.50 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	OKX ZETA-USDT-SWAP	0.06429	−0.1392	get 0.0696% / 4h	35m 17s	$1.4M	$62.2M	20x
Short	BloFin ZETA-USDT	0.06441	−0.1093	pay 0.0546% / 4h	35m 17s	$457K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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 OKXbpFee BloFinbpOrdersPrice spread, now +0.187%Rate

Funding earned: $62.83
Price spread: +0.187% → −0.044%: $23.05
Slippage, 4 orders: −$91.36
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$27.48
Costs to cover: 1.134%
Break-even: 10.1 days

Slippage from OKX: live order book, 4 min ago; BloFin: live order book, 2 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 OKX live order book, 4 min ago	4.68 bp	32.0 bp −$32	136.6 bp −$1,366	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	10.89 bp	21.9 bp −$22	63.9 bp −$639	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	−0.2174%	1h	0.06452	+0.350%	$51K	$733K	10x	as long as short
KuCoin ZETAUSDTM	−0.1456%	4h	0.06419	−0.156%	$1.3M	$6.0M	20x	as long as short
OKX ZETA-USDT-SWAPlong	−0.1392%	4h	0.06429	long leg	$1.4M	$62.2M	20x
Variational Omni ZETA	−0.1345%	4h	0.06422	−0.103%	$125K	$778K	—	as long as short
MEXC ZETA_USDT	−0.1140%	4h	0.06437	+0.124%	$1.4M	$12.9M	50x	as long as short
Binance ZETAUSDT	−0.1123%	4h	0.06443	+0.221%	$9.4M	$374.1M	50x	as long as short
BloFin ZETA-USDTshort	−0.1093%	4h	0.06441	+0.187%	$457K	$1.5M	50x
Gate ZETA_USDT	−0.1028%	4h	0.06429	0.000%	$683K	$11.0M	25x	as long as short
Bybit ZETAUSDT	−0.0795%	4h	0.06430	+0.016%	$5.7M	$96.5M	25x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+0.482%	$1K	$3K	5.5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETA	+0.0100%	1h	0.06422	−0.109%	$1.8M	$4.2M	3x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.06434	+0.078%	$2.4M	$72.9M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.06441	+0.187%	—	$8.0M	—	as long as short