ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.1558%/8h= −170.6% APRnext payment −$7.79 per $10,000 · paid last 24h −0.043%

Price spread now: Bybit against BingX−0.120%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$760.756% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days+0.158%+$16 · spread now −0.120%, 7d avg −0.011%

Together, before fees+0.132%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and Bybit is 0.109% cheaper against BingX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.79 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	BingX ZETA-USDT	0.05832	0.0100	pay 0.0050% / 4h	2h 59m	—	$7.0M	—
Short	Bybit ZETAUSDT	0.05825	−0.1458	pay 0.0729% / 4h	2h 59m	$4.8M	$72.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$327.2
Price spread: −0.120% → −0.011%: −$10.89
Slippage, 4 orders: −$54.58
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$413.67
Costs to cover: 0.756%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Bybit: live order book, 5 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, 3 min ago	3.44 bp	16.7 bp −$17	43.0 bp −$430	517.4 bp −$51.7K	832.5 bp −$416.2K
Sell Bybit live order book, 5 min ago	2.57 bp	19.4 bp −$19	101.3 bp −$1,013	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	−0.2975%	1h	0.05831	−0.019%	$56K	$565K	10x	as long as short
Variational Omni ZETA	−0.1709%	4h	0.05819	−0.216%	$124K	$551K	—	as long as short
Gate ZETA_USDT	−0.1512%	4h	0.05833	+0.017%	$581K	$6.4M	25x	as long as short
Bybit ZETAUSDTshort	−0.1458%	4h	0.05825	−0.120%	$4.8M	$72.7M	25x
Binance ZETAUSDT	−0.0935%	4h	0.05832	−0.005%	$7.5M	$271.3M	50x	as long as short
MEXC ZETA_USDT	−0.0934%	4h	0.05833	+0.017%	$1.3M	$8.9M	50x	as long as short
BloFin ZETA-USDT	−0.0893%	4h	0.05813	−0.326%	$357K	$1.1M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.0716%	4h	0.05826	−0.103%	$1.1M	$38.2M	20x	as long as short
KuCoin ZETAUSDTM	−0.0516%	4h	0.05834	+0.034%	$965K	$4.2M	20x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+10.768%	$1K	$1K	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	+0.0055%	1h	0.05831	−0.017%	$1.6M	$2.9M	3x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05830	−0.034%	$2.5M	$53.6M	50x	as long as short
BingX ZETA-USDTlong	+0.0100%	4h	0.05832	long leg	—	$7.0M	—