Funding you earn now, next payment 04:00 UTC−0.1404%/8h= −153.8% APRnext payment −$7.02 per $10,000 · paid last 24h −0.093%
Price spread now: BloFin against Bitget−0.045%115s7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as 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−$1031.026% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)+0.313%+$31 · spread now −0.045%, 7d avg −0.116%
=The price spread pays, funding is against you. BloFin is 0.072% dearer against Bitget than usual: you sell high and buy low (spread −0.045% now, against its 7-day average of −0.116%): +$7 on $10k if it goes back. Holding the pair costs −$42 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.066% in total) that is about 7.7 days. The two prices were read 115 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 -0.066% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.02 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 | 0.06718 | 0.0100 | pay 0.0050% / 4h | 47m 19s | $2.6M | $71.4M | 50x |
| Short | BloFin ZETA-USDT | 0.06715 | −0.1304 | pay 0.0652% / 4h | 47m 19s | $456K | $1.5M | 50x |
Bitget ZETAUSDT
BloFin ZETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- −$294.94
- Price spread: −0.045% → −0.116%
- $7.17
- Slippage, 4 orders
- −$78.65
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$390.42
- Costs to cover
- 1.026%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; BloFin: live order book, 5 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, 2 min ago | 2.98 bp | 24.0 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 16.26 bp | 29.7 bp −$30 | 64.2 bp −$642 | 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 | −0.2097% | 1h | 0.06690 | −0.412% | $53K | $732K | 10x | as long as short |
| KuCoin ZETAUSDTM | −0.1516% | 4h | 0.06744 | +0.387% | $1.2M | $5.9M | 20x | as long as short |
| OKX ZETA-USDT-SWAP | −0.1502% | 4h | 0.06704 | −0.208% | $1.5M | $63.4M | 20x | as long as short |
| BloFin ZETA-USDTshort | −0.1304% | 4h | 0.06715 | −0.045% | $456K | $1.5M | 50x | |
| Variational Omni ZETA | −0.1289% | 4h | 0.06516 | −3.001% | $124K | $768K | — | as long as short |
| MEXC ZETA_USDT | −0.1278% | 4h | 0.06742 | +0.357% | $1.4M | $12.7M | 50x | as long as short |
| Binance ZETAUSDT | −0.1257% | 4h | 0.06736 | +0.274% | $9.9M | $367.1M | 50x | as long as short |
| Gate ZETA_USDT | −0.1068% | 4h | 0.06734 | +0.238% | $693K | $10.6M | 25x | as long as short |
| Bybit ZETAUSDT | −0.0786% | 4h | 0.06710 | −0.119% | $5.9M | $94.7M | 25x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | −3.840% | $1K | $3K | 5.5x | as long as short |
Kraken Futures PF_ZETAUSD
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAP
Variational Omni ZETA
MEXC ZETA_USDT
Binance ZETAUSDT
Gate 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 | 0.06731 | +0.194% | $1.9M | $4.1M | 3x | as long as short |
| Bitget ZETAUSDTlong | +0.0100% | 4h | 0.06718 | long leg | $2.6M | $71.4M | 50x | |
| BingX ZETA-USDT | +0.0100% | 4h | 0.06748 | +0.447% | — | $7.9M | — | as long as short |
Hyperliquid ZETA
BingX ZETA-USDT