ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0589%/8h= −64.5% APRnext payment −$2.94 per $10,000 · paid last 24h +0.006%

Price spread now: MEXC against Bybit−0.034%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.034%, 7d avg +0.005%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and MEXC is 0.039% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.007% in total (about 0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.94 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	Bybit ZETAUSDT	0.05811	−0.1235	get 0.0618% / 4h	1h 28m	$5.2M	$90.2M	25x
Short	MEXC ZETA_USDT	0.05809	−0.1824	pay 0.0912% / 4h	1h 28m	$1.0M	$12.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$123.65
Price spread: −0.034% → +0.005%: −$3.9
Slippage, 4 orders: −$30.01
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$172.56
Costs to cover: 0.450%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; MEXC: 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 Bybit live order book, 6 min ago	3.45 bp	11.4 bp −$11	59.8 bp −$598	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.86 bp	7.7 bp −$8	45.4 bp −$454	123.8 bp −$12.4K	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	−0.2086%	4h	0.05829	+0.310%	$1.1M	$5.7M	20x	as long as short
OKX ZETA-USDT-SWAP	−0.1951%	4h	0.05811	0.000%	$1.1M	$52.4M	20x	as long as short
BloFin ZETA-USDT	−0.1870%	4h	0.05850	+0.671%	$387K	$1.2M	50x	as long as short
BingX ZETA-USDT	−0.1854%	4h	0.05819	+0.138%	—	$7.6M	—	as long as short
Binance ZETAUSDT	−0.1828%	4h	0.05818	+0.120%	$8.0M	$348.9M	50x	as long as short
MEXC ZETA_USDTshort	−0.1824%	4h	0.05809	−0.034%	$1.0M	$12.4M	50x
Kraken Futures PF_ZETAUSD	−0.1771%	1h	0.05811	0.000%	$48K	$719K	10x	as long as short
Hyperliquid ZETA	−0.1745%	1h	0.05802	−0.155%	$1.6M	$4.0M	3x	as long as short
Gate ZETA_USDT	−0.1740%	4h	0.05830	+0.327%	$591K	$10.6M	25x	as long as short
Variational Omni ZETA	−0.1639%	4h	0.05833	+0.375%	$114K	$759K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZETAUSDTlong	−0.1235%	4h	0.05811	long leg	$5.2M	$90.2M	25x
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+11.168%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05815	+0.069%	$2.3M	$67.2M	50x	as long as short