ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1801%/8h= −197.3% APRnext payment −$9.01 per $10,000 · paid last 24h −0.167%

Price spread now: OKX against Bitget−0.172%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1091.087% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 7 days+0.106%+$11 · spread now −0.172%, 7d avg −0.063%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$54 a day on $10k at the current rate, and OKX is 0.109% cheaper against Bitget than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.063%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.183% in total (about -9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.01 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	Bitget ZETAUSDT	0.06389	0.0100	pay 0.0050% / 4h	1h 04m	$2.5M	$69.8M	50x
Short	OKX ZETA-USDT-SWAP	0.06378	−0.1701	pay 0.0851% / 4h	1h 04m	$1.4M	$59.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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 BitgetbpFee OKXbpOrdersPrice spread, now −0.172%Rate

Funding earned: −$378.29
Price spread: −0.172% → −0.063%: −$10.87
Slippage, 4 orders: −$86.66
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$497.83
Costs to cover: 1.087%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 4 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 Bitget live order book, 5 min ago	4.61 bp	24.2 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	3.08 bp	34.8 bp −$35	101.5 bp −$1,015	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
KuCoin ZETAUSDTM	−0.1730%	4h	0.06393	+0.063%	$1.2M	$5.8M	20x	as long as short
OKX ZETA-USDT-SWAPshort	−0.1701%	4h	0.06378	−0.172%	$1.4M	$59.3M	20x
Kraken Futures PF_ZETAUSD	−0.1608%	1h	0.06401	+0.181%	$50K	$731K	10x	as long as short
BloFin ZETA-USDT	−0.1592%	4h	0.06410	+0.329%	$432K	$1.4M	50x	as long as short
MEXC ZETA_USDT	−0.1556%	4h	0.06400	+0.172%	$1.2M	$12.6M	50x	as long as short
Binance ZETAUSDT	−0.1537%	4h	0.06396	+0.106%	$9.1M	$359.6M	50x	as long as short
Variational Omni ZETA	−0.1454%	4h	0.06372	−0.270%	$121K	$767K	—	as long as short
Gate ZETA_USDT	−0.1292%	4h	0.06395	+0.094%	$652K	$11.0M	25x	as long as short
Hyperliquid ZETA	−0.1076%	1h	0.06393	+0.063%	$1.8M	$4.2M	3x	as long as short
Bybit ZETAUSDT	−0.0942%	4h	0.06379	−0.157%	$5.8M	$93.2M	25x	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	+1.111%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDTlong	+0.0100%	4h	0.06389	long leg	$2.5M	$69.8M	50x
BingX ZETA-USDT	+0.0100%	4h	0.06392	+0.047%	—	$7.8M	—	as long as short