ZETA arbitrage explained
Right now ZetaChain (ZETA) trades on 9 venues we scan: 9 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.0486 and the highest bid on Variational perp at $0.0487.
The widest ZETA perpetual spread is between OKX and Variational: long ZETA on OKX at $0.0486 and short on Variational at $0.0487 for +0.21% gross, or +0.05% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.000% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best ZETA route is to buy spot on OKX and short the perpetual on Variational: +0.14% gross, -0.06% net, with +0.030% a day of funding on the short leg.
Spot–spot ZETA arbitrage (buy on OKX, withdraw, deposit and sell on Bitget) shows +0.06% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small ZETA gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: ZETA funding rates · ZETA spread charts · ZetaChain price · arbitrage scanner for all coins.