ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0469%/8h= +51.4% APRnext payment +$2.34 per $10,000 · paid last 24h +0.043%

Price spread now: Bybit against OKX+0.017%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$920.917% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.017%, 7d avg −0.002%

Together, before fees+0.057%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: +$14 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 0.074% in total (about 3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.34 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	OKX ZETA-USDT-SWAP	0.05999	−0.0688	get 0.0344% / 4h	1h 05m	$1.1M	$46.6M	20x
Short	Bybit ZETAUSDT	0.06000	−0.0219	pay 0.0109% / 4h	1h 05m	$5.3M	$79.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.017%Rate

Funding earned: $98.49
Price spread: +0.017% → −0.002%: $1.83
Slippage, 4 orders: −$70.71
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $8.61
Costs to cover: 0.917%
Break-even: 6.4 days

Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 8 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 OKX live order book, 3 min ago	2.51 bp	21.7 bp −$22	83.1 bp −$831	doesn't fit	doesn't fit
Sell Bybit live order book, 8 min ago	3.35 bp	23.3 bp −$23	77.9 bp −$779	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_USDT	−0.1252%	4h	0.06011	+0.200%	$627K	$9.5M	25x	as long as short
BloFin ZETA-USDT	−0.0818%	4h	0.06016	+0.283%	$416K	$1.0M	50x	as long as short
Binance ZETAUSDT	−0.0806%	4h	0.06008	+0.150%	$8.5M	$307.1M	50x	as long as short
MEXC ZETA_USDT	−0.0804%	4h	0.06009	+0.167%	$1.5M	$11.6M	50x	as long as short
BingX ZETA-USDT	−0.0754%	4h	0.06004	+0.083%	—	$6.8M	—	as long as short
OKX ZETA-USDT-SWAPlong	−0.0688%	4h	0.05999	long leg	$1.1M	$46.6M	20x
KuCoin ZETAUSDTM	−0.0648%	4h	0.06010	+0.183%	$1.1M	$5.1M	20x	as long as short
Variational Omni ZETA	−0.0438%	4h	0.05960	−0.655%	$141K	$708K	—	as long as short
Kraken Futures PF_ZETAUSD	−0.0265%	1h	0.06019	+0.330%	$67K	$634K	10x	as long as short
Hyperliquid ZETA	−0.0238%	1h	0.06008	+0.150%	$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
Bybit ZETAUSDTshort	−0.0219%	4h	0.06000	+0.017%	$5.3M	$79.1M	25x
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+7.685%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.06012	+0.217%	$2.2M	$58.3M	50x	as long as short