ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0688%/8h= −75.4% APRnext payment −$3.44 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against MEXC−0.017%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$740.743% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.017%, 7d avg −0.005%

Together, before fees+0.024%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.44 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	MEXC ZETA_USDT	0.05929	−0.0492	get 0.0246% / 4h	2h 49m	$1.2M	$11.9M	50x
Short	Bybit ZETAUSDT	0.05928	−0.1180	pay 0.0590% / 4h	2h 49m	$5.1M	$90.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$144.53
Price spread: −0.017% → −0.005%: −$1.18
Slippage, 4 orders: −$59.3
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$220.01
Costs to cover: 0.743%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bybit: 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 MEXC live order book, 3 min ago	1.68 bp	10.1 bp −$10	68.7 bp −$687	120.7 bp −$12.1K	doesn't fit
Sell Bybit live order book, 4 min ago	1.66 bp	26.5 bp −$27	140.3 bp −$1,403	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	−0.2817%	1h	0.05913	−0.264%	$53K	$728K	10x	as long as short
Variational Omni ZETA	−0.1195%	4h	0.05936	+0.126%	$112K	$695K	—	as long as short
Bybit ZETAUSDTshort	−0.1180%	4h	0.05928	−0.017%	$5.1M	$90.2M	25x
Gate ZETA_USDT	−0.0804%	4h	0.05933	+0.067%	$655K	$9.5M	25x	as long as short
BloFin ZETA-USDT	−0.0524%	4h	0.05939	+0.169%	$397K	$1.3M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.0508%	4h	0.05934	+0.084%	$1.2M	$50.3M	20x	as long as short
Binance ZETAUSDT	−0.0507%	4h	0.05927	−0.034%	$8.2M	$346.3M	50x	as long as short
MEXC ZETA_USDTlong	−0.0492%	4h	0.05929	long leg	$1.2M	$11.9M	50x
KuCoin ZETAUSDTM	−0.0428%	4h	0.05926	−0.051%	$1.2M	$5.4M	20x	as long as short
Hyperliquid ZETA	−0.0199%	1h	0.05924	−0.084%	$1.7M	$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
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+8.956%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05949	+0.337%	$2.3M	$66.7M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.05928	−0.017%	—	$7.9M	—	as long as short