Funding arb · Price arb /

ZETA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.120%

Price spread now: Variational Omni against Bitget+0.073%7-day average −0.158% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.145%−$14 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.073%, 7d avg −0.158%

Together, before fees−0.137%+ Points / potential airdropVariational Omni: Active · farm board−$14 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: Variational Omni is 0.231% dearer against Bitget than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZETAUSDT	0.06139	0.0100	pay 0.0050% / 4h	6m 39s	$2.2M	$55.7M	50x
Short	Variational Omni ZETA	0.06143	0.0100	get 0.0050% / 4h	6m 39s	$143K	$694K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → −0.158%: $23.06
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $11.06
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 2 min ago; Variational Omni: RFQ quote, 26 min ago. Net counts fees only.

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, 2 min ago	4.07 bp	21.2 bp −$21	92.9 bp −$929	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 26 min ago	6.45 bp	doesn't fit	61.3 bp −$613	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	−0.3162%	1h	0.06132	−0.113%	$63K	$612K	10x	as long as short
KuCoin ZETAUSDTM	−0.0414%	4h	0.06148	+0.147%	$1.2M	$4.9M	20x	as long as short
Gate ZETA_USDT	−0.0202%	4h	0.06146	+0.114%	$627K	$9.3M	25x	as long as short
OKX ZETA-USDT-SWAP	−0.0073%	4h	0.06132	−0.114%	$1.2M	$46.0M	20x	as long as short
BingX ZETA-USDT	−0.0072%	4h	0.06138	−0.016%	—	$6.5M	—	as long as short
Binance ZETAUSDT	−0.0014%	4h	0.06149	+0.167%	$8.5M	$291.9M	50x	as long as short
MEXC ZETA_USDT	−0.0012%	4h	0.06147	+0.130%	$1.7M	$11.2M	50x	as long as short
BloFin ZETA-USDT	+0.0023%	4h	0.06128	−0.179%	$424K	$944K	50x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+5.229%	$1K	$5K	5.5x	as long as short
Hyperliquid ZETA	+0.0100%	1h	0.06153	+0.228%	$1.8M	$3.6M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZETAUSDT	+0.0100%	4h	0.06137	−0.033%	$5.4M	$75.3M	25x	as long as short
Bitget ZETAUSDTlong	+0.0100%	4h	0.06139	long leg	$2.2M	$55.7M	50x
Variational Omni ZETAshort	+0.0100%	4h	0.06143	+0.073%	$143K	$694K	—