Funding arb · Price arb /

ZETA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.115%

Price spread now: Bitget against BingX−0.047%7-day average +0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$920.921% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 7 days+0.165%+$16 · spread now −0.047%, 7d avg +0.070%

Together, before fees+0.312%+$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.117% cheaper against BingX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZETA-USDT	0.06440	0.0100	pay 0.0050% / 4h	41m 39s	—	$8.0M	—
Short	Bitget ZETAUSDT	0.06437	0.0100	get 0.0050% / 4h	41m 39s	$2.4M	$72.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → +0.070%: −$11.69
Slippage, 4 orders: −$70.14
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$103.83
Costs to cover: 0.921%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Bitget: 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 BingX live order book, 11 min ago	3.86 bp	21.3 bp −$21	52.7 bp −$527	346.2 bp −$34.6K	693.4 bp −$346.7K
Sell Bitget live order book, 2 min ago	5.46 bp	27.1 bp −$27	doesn't fit	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	−0.2187%	1h	0.06415	−0.393%	$50K	$733K	10x	as long as short
KuCoin ZETAUSDTM	−0.1508%	4h	0.06436	−0.062%	$1.2M	$5.9M	20x	as long as short
OKX ZETA-USDT-SWAP	−0.1450%	4h	0.06432	−0.124%	$1.4M	$61.8M	20x	as long as short
Variational Omni ZETA	−0.1268%	4h	0.06734	+4.569%	$130K	$769K	—	as long as short
BloFin ZETA-USDT	−0.1252%	4h	0.06346	−1.460%	$434K	$1.5M	50x	as long as short
MEXC ZETA_USDT	−0.1236%	4h	0.06447	+0.109%	$1.3M	$12.8M	50x	as long as short
Binance ZETAUSDT	−0.1217%	4h	0.06445	+0.070%	$9.5M	$371.9M	50x	as long as short
Gate ZETA_USDT	−0.1062%	4h	0.06430	−0.155%	$675K	$10.9M	25x	as long as short
Bybit ZETAUSDT	−0.0836%	4h	0.06433	−0.109%	$5.6M	$95.9M	25x	as long as short
Hyperliquid ZETA	+0.0021%	1h	0.06436	−0.062%	$1.8M	$4.2M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+0.311%	$1K	$3K	5.5x	as long as short
Bitget ZETAUSDTshort	+0.0100%	4h	0.06437	−0.047%	$2.4M	$72.4M	50x
BingX ZETA-USDTlong	+0.0100%	4h	0.06440	long leg	—	$8.0M	—