Funding you earn now, next payment 04:00 UTC−0.1128%/8h= −123.6% APRnext payment −$5.64 per $10,000 · paid last 24h +0.019%
Price spread now: Binance against BingX+0.073%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$740.736% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 7 days−0.073%−$7 · spread now +0.073%, 7d avg −0.005%
=The price spread pays, funding is against you. Binance is 0.079% dearer against BingX than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of −0.005%): +$8 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.069%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.64 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 | BingX ZETA-USDT | 0.06285 | 0.0100 | pay 0.0050% / 4h | 27m 48s | — | $8.0M | — |
| Short | Binance ZETAUSDT | 0.06290 | −0.1028 | pay 0.0514% / 4h | 27m 48s | $9.1M | $376.0M | 50x |
BingX ZETA-USDT
Binance ZETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$236.96
- Price spread: +0.073% → −0.005%
- $7.85
- Slippage, 4 orders
- −$53.62
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$302.73
- Costs to cover
- 0.736%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Binance: live order book, 16 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 BingX live order book, 10 min ago | 2.34 bp | 16.7 bp −$17 | 46.2 bp −$462 | 449.2 bp −$44.9K | 785.8 bp −$392.9K |
| Sell Binance live order book, 16 min ago | 2.36 bp | 19.8 bp −$20 | 88.3 bp −$883 | 441.7 bp −$44.2K | 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 | −0.2224% | 1h | 0.06309 | +0.377% | $50K | $734K | 10x | as long as short |
| KuCoin ZETAUSDTM | −0.1432% | 4h | 0.06283 | −0.032% | $1.2M | $6.0M | 20x | as long as short |
| Variational Omni ZETA | −0.1317% | 4h | 0.06395 | +1.748% | $124K | $778K | — | as long as short |
| OKX ZETA-USDT-SWAP | −0.1303% | 4h | 0.06282 | −0.048% | $1.4M | $60.9M | 20x | as long as short |
| BloFin ZETA-USDT | −0.1070% | 4h | 0.06297 | +0.191% | $451K | $1.5M | 50x | as long as short |
| Gate ZETA_USDT | −0.1054% | 4h | 0.06296 | +0.175% | $662K | $11.1M | 25x | as long as short |
| MEXC ZETA_USDT | −0.1040% | 4h | 0.06306 | +0.334% | $1.3M | $12.9M | 50x | as long as short |
| Binance ZETAUSDTshort | −0.1028% | 4h | 0.06290 | +0.073% | $9.1M | $376.0M | 50x | |
| Bybit ZETAUSDT | −0.0788% | 4h | 0.06273 | −0.191% | $5.5M | $96.8M | 25x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +2.784% | $1K | $3K | 5.5x | as long as short |
Kraken Futures PF_ZETAUSD
KuCoin ZETAUSDTM
Variational Omni ZETA
OKX ZETA-USDT-SWAP
BloFin ZETA-USDT
Gate ZETA_USDT
MEXC ZETA_USDT
Bybit ZETAUSDT
Injective ZETA/USDC PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETA | +0.0100% | 1h | 0.06285 | 0.000% | $1.8M | $4.2M | 3x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.06290 | +0.080% | $2.4M | $73.2M | 50x | as long as short |
| BingX ZETA-USDTlong | +0.0100% | 4h | 0.06285 | long leg | — | $8.0M | — |
Hyperliquid ZETA
Bitget ZETAUSDT