ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0525%/8h= +57.5% APRnext payment +$2.63 per $10,000 · paid last 24h −0.052%

Price spread now: OKX against Gate+0.184%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1411.410% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.184%, 7d avg −0.042%

Together, before fees−0.288%−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and OKX is 0.225% dearer against Gate than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.042%. Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.63 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	Gate ZETA_USDT	0.05984	−0.1360	get 0.0680% / 4h	46m 33s	$625K	$9.5M	25x
Short	OKX ZETA-USDT-SWAP	0.05995	−0.0835	pay 0.0417% / 4h	46m 33s	$1.2M	$46.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now +0.184%Rate

Funding earned: $110.27
Price spread: +0.184% → −0.042%: $22.53
Slippage, 4 orders: −$115.97
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$8.16
Costs to cover: 1.410%
Break-even: 7.5 days

Slippage from Gate: live order book, 2 min ago; OKX: 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 Gate live order book, 2 min ago	4.17 bp	51.3 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	4.17 bp	24.1 bp −$24	101.0 bp −$1,010	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
Gate ZETA_USDTlong	−0.1360%	4h	0.05984	long leg	$625K	$9.5M	25x
BloFin ZETA-USDT	−0.0906%	4h	0.05975	−0.150%	$411K	$1.0M	50x	as long as short
Binance ZETAUSDT	−0.0876%	4h	0.05999	+0.252%	$8.5M	$308.5M	50x	as long as short
MEXC ZETA_USDT	−0.0866%	4h	0.05983	−0.017%	$1.5M	$11.7M	50x	as long as short
OKX ZETA-USDT-SWAPshort	−0.0835%	4h	0.05995	+0.184%	$1.2M	$46.8M	20x
BingX ZETA-USDT	−0.0814%	4h	0.05990	+0.100%	—	$6.8M	—	as long as short
KuCoin ZETAUSDTM	−0.0644%	4h	0.05974	−0.167%	$1.1M	$5.2M	20x	as long as short
Variational Omni ZETA	−0.0635%	4h	0.06044	+0.998%	$139K	$712K	—	as long as short
Bybit ZETAUSDT	−0.0445%	4h	0.05986	+0.033%	$5.2M	$79.4M	25x	as long as short
Hyperliquid ZETA	−0.0238%	1h	0.05990	+0.100%	$1.7M	$3.8M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZETAUSD	−0.0188%	1h	0.05966	−0.299%	$68K	$644K	10x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+7.955%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05993	+0.150%	$2.3M	$58.5M	50x	as long as short