Funding you earn now, next payment 04:00 UTC−0.1184%/8h= −129.7% APRnext payment −$5.92 per $10,000 · paid last 24h +0.021%
Price spread now: BloFin against BingX+0.673%66s7-day average −0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$760.762% of the position
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)−0.298%−$30 · spread now +0.673%, 7d avg −0.056%
=The price spread pays, funding is against you. BloFin is 0.730% dearer against BingX than usual: you sell high and buy low (spread +0.673% now, against its 7-day average of −0.056%): +$73 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.082%, so the current rate has only just turned against you. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.92 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 | 0.06237 | 0.0100 | pay 0.0050% / 4h | 26m 01s | — | $8.1M | — |
| Short | BloFin ZETA-USDT | 0.06279 | −0.1084 | pay 0.0542% / 4h | 26m 01s | $450K | $1.5M | 50x |
BingX ZETA-USDT
BloFin ZETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$248.67
- Price spread: +0.673% → −0.056%
- $72.97
- Slippage, 4 orders
- −$54.21
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$251.91
- Costs to cover
- 0.762%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; BloFin: live order book, 7 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, 12 min ago | 2.34 bp | 16.7 bp −$17 | 46.2 bp −$462 | 449.2 bp −$44.9K | 785.8 bp −$392.9K |
| Sell BloFin live order book, 7 min ago | 6.96 bp | 20.7 bp −$21 | 79.7 bp −$797 | 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 | −0.2249% | 1h | 0.06237 | +0.004% | $49K | $734K | 10x | as long as short |
| KuCoin ZETAUSDTM | −0.1466% | 4h | 0.06221 | −0.257% | $1.3M | $6.0M | 20x | as long as short |
| Variational Omni ZETA | −0.1322% | 4h | 0.06218 | −0.299% | $121K | $779K | — | as long as short |
| OKX ZETA-USDT-SWAP | −0.1268% | 4h | 0.06225 | −0.192% | $1.4M | $60.5M | 20x | as long as short |
| Gate ZETA_USDT | −0.1118% | 4h | 0.06221 | −0.257% | $653K | $11.1M | 25x | as long as short |
| BloFin ZETA-USDTshort | −0.1084% | 4h | 0.06279 | +0.673% | $450K | $1.5M | 50x | |
| Binance ZETAUSDT | −0.1028% | 4h | 0.06228 | −0.151% | $9.0M | $376.8M | 50x | as long as short |
| MEXC ZETA_USDT | −0.1028% | 4h | 0.06233 | −0.064% | $1.3M | $12.9M | 50x | as long as short |
| Bybit ZETAUSDT | −0.0846% | 4h | 0.06224 | −0.208% | $5.5M | $97.0M | 25x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +3.575% | $1K | $3K | 5.5x | as long as short |
Kraken Futures PF_ZETAUSD
KuCoin ZETAUSDTM
Variational Omni ZETA
OKX ZETA-USDT-SWAP
Gate ZETA_USDT
Binance ZETAUSDT
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 | 0.06227 | −0.160% | $1.8M | $4.2M | 3x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.06220 | −0.273% | $2.4M | $73.4M | 50x | as long as short |
| BingX ZETA-USDTlong | +0.0100% | 4h | 0.06237 | long leg | — | $8.1M | — |
Hyperliquid ZETA
Bitget ZETAUSDT