ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0200%/8h= −21.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.036%

Price spread now: BingX against Bitget−0.132%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$730.725% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.132%, 7d avg −0.058%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BingX is 0.074% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.058%). Swap the legs.

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 −$1.00 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	Bitget ZETAUSDT	0.06061	0.0100	pay 0.0050% / 4h	2h 48m	$2.2M	$57.1M	50x
Short	BingX ZETA-USDT	0.06053	−0.0100	pay 0.0050% / 4h	2h 48m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.132%Rate

Funding earned: −$42
Price spread: −0.132% → −0.058%: −$7.39
Slippage, 4 orders: −$50.52
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$121.91
Costs to cover: 0.725%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 4 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 Bitget live order book, 5 min ago	3.29 bp	19.4 bp −$19	85.3 bp −$853	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	4.16 bp	18.2 bp −$18	49.6 bp −$496	302.0 bp −$30.2K	643.9 bp −$321.9K

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	−0.0698%	4h	0.06053	−0.132%	$602K	$9.4M	25x	as long as short
KuCoin ZETAUSDTM	−0.0484%	4h	0.06050	−0.181%	$1.2M	$5.0M	20x	as long as short
Kraken Futures PF_ZETAUSD	−0.0425%	1h	0.06052	−0.156%	$67K	$629K	10x	as long as short
BloFin ZETA-USDT	−0.0114%	4h	0.06041	−0.330%	$407K	$977K	50x	as long as short
OKX ZETA-USDT-SWAP	−0.0101%	4h	0.06049	−0.198%	$1.1M	$46.1M	20x	as long as short
BingX ZETA-USDTshort	−0.0100%	4h	0.06053	−0.132%	—	$6.7M	—
MEXC ZETA_USDT	−0.0086%	4h	0.06054	−0.115%	$1.5M	$11.5M	50x	as long as short
Binance ZETAUSDT	−0.0084%	4h	0.06052	−0.147%	$8.3M	$299.9M	50x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+6.583%	$1K	$5K	5.5x	as long as short
Variational Omni ZETA	+0.0100%	4h	0.06036	−0.420%	$142K	$695K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETA	+0.0100%	1h	0.06050	−0.181%	$1.7M	$3.6M	3x	as long as short
Bybit ZETAUSDT	+0.0100%	4h	0.06050	−0.181%	$5.3M	$77.3M	25x	as long as short
Bitget ZETAUSDTlong	+0.0100%	4h	0.06061	long leg	$2.2M	$57.1M	50x