Settings8H · net · $10k
Funding arb · Price arb /

ZETA

all ZETA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0678%/8h= +74.2% APRnext payment +$3.39 per $10,000 · paid last 24h +0.019%
Price spread now: OKX against Variational Omni−0.395%7-day average +0.075% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.044%+$4 on $10k
Price spread, last 4 days (all we have)+0.387%+$39 · spread now −0.395%, 7d avg +0.075%
Together, before fees+0.431%+ Points / potential airdropVariational Omni: Active · farm board+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.470% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.395% now, against its 7-day average of +0.075%). If the spread goes back, that is −$47 on $10k: about 2.3 days of funding at the current rate (+$20 a day). At the pace of the last 4 days (+0.044% in total) that is about 38 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.044% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ZETA0.05936−0.1195get 0.0598% / 4h2h 48m$112K$695K
ShortOKX ZETA-USDT-SWAP0.05913−0.0517pay 0.0259% / 4h2h 48m$1.2M$50.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Variational Omni. 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

Funding earned
$142.4
Price spread: −0.395% → +0.075%
−$46.98
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
$85.41
Costs to cover
0.100%
Break-even
2.8 days
Slippage unknown: Variational Omni: RFQ quote, just now; OKX: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, just now5.94 bpdoesn't fit165.5 bp −$1,655doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago4.16 bp34.3 bp −$34139.7 bp −$1,397doesn't fitdoesn't fit

ZETA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZETAUSD−0.2817%1h0.05911−0.424%$53K$728K10xas long as short
Variational Omni ZETAlong−0.1195%4h0.05936long leg$112K$695K
Bybit ZETAUSDT−0.1119%4h0.05911−0.429%$5.0M$90.2M25xas long as short
Gate ZETA_USDT−0.0728%4h0.05909−0.463%$652K$9.5M25xas long as short
BloFin ZETA-USDT−0.0531%4h0.05910−0.446%$398K$1.3M50xas long as short
Binance ZETAUSDT−0.0519%4h0.05915−0.362%$8.2M$345.0M50xas long as short
OKX ZETA-USDT-SWAPshort−0.0517%4h0.05913−0.395%$1.2M$50.0M20x
MEXC ZETA_USDT−0.0512%4h0.05908−0.479%$1.2M$11.9M50xas long as short
KuCoin ZETAUSDTM−0.0422%4h0.05912−0.412%$1.2M$5.4M20xas long as short
Hyperliquid ZETA−0.0235%1h0.05913−0.395%$1.7M$3.6M3xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ZETA/USDC PERP+0.0033%1h0.06460+8.819%$1K$1K5.5xas long as short
Bitget ZETAUSDT+0.0100%4h0.05925−0.193%$2.3M$66.6M50xas long as short
BingX ZETA-USDT+0.0100%4h0.05923−0.227%$7.8Mas long as short