Settings8H · net · $10k
Funding arb · Price arb /

ZETA

all ZETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.17 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against Binance+0.049%61s7-day average −0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$740.738% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)+0.275%+$27 · spread now +0.049%, 7d avg −0.080%
Together, before fees+0.288%+$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.129% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.080%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ZETAUSDT0.05666−0.0843get 0.0421% / 4h1h 48m$7.0M$244.9M50x
ShortBloFin ZETA-USDT0.05669−0.0810pay 0.0405% / 4h1h 48m$337K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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

Funding earned
$6.95
Price spread: +0.049% → −0.080%
$12.94
Slippage, 4 orders
−$51.84
Fee Binance: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$53.96
Costs to cover
0.738%
Break-even
61.4 days
Slippage from Binance: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 3 min ago0.88 bp16.4 bp −$1674.0 bp −$740doesn't fitdoesn't fit
Sell BloFin live order book, 2 min ago1.76 bp19.8 bp −$2060.2 bp −$602doesn't fitdoesn't fit

ZETA on 13 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZETAUSD−0.2093%1h0.05671+0.083%$55K$525K10xas long as short
Variational Omni ZETA−0.1538%4h0.05690+0.412%$122K$432Kas long as short
Bybit ZETAUSDT−0.0971%4h0.05664−0.039%$4.5M$66.2M25xas long as short
Binance ZETAUSDTlong−0.0843%4h0.05666long leg$7.0M$244.9M50x
Gate ZETA_USDT−0.0840%4h0.05673+0.120%$553K$6.0M25xas long as short
MEXC ZETA_USDT−0.0832%4h0.05666−0.004%$1.3M$7.9M50xas long as short
BloFin ZETA-USDTshort−0.0810%4h0.05669+0.049%$337K$1.1M50x
OKX ZETA-USDT-SWAP−0.0540%4h0.05664−0.039%$1.0M$34.1M20xas long as short
Hyperliquid ZETA−0.0440%1h0.05666−0.004%$1.5M$2.8M3xas long as short
KuCoin ZETAUSDTM−0.0436%4h0.05664−0.039%$950K$3.8M20xas long as short
Show all 13 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZETA/USDC PERP+0.0033%1h0.06460+14.009%$1K$1K5.5xas long as short
Bitget ZETAUSDT+0.0068%4h0.05662−0.074%$2.3M$49.3M50xas long as short
BingX ZETA-USDT+0.0096%4h0.05669+0.049%$6.7Mas long as short