Funding you earn now, next payment 04:00 UTC−0.0988%/8h= −108.2% APRnext payment −$4.94 per $10,000 · paid last 24h −0.137%
Price spread now: Gate against Bitget−0.016%7-day average −0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1261.264% of the position
Funding, last 7 days−0.115%−$12 on $10k
+Price spread, last 7 days−0.031%−$3 · spread now −0.016%, 7d avg −0.082%
=The price spread pays, funding is against you. Gate is 0.065% dearer against Bitget than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.082%): +$7 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.115% in total) that is about 4.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.94 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 | 0.06085 | 0.0100 | pay 0.0050% / 4h | 4m 12s | $2.5M | $73.3M | 50x |
| Short | Gate ZETA_USDT | 0.06084 | −0.0888 | pay 0.0444% / 4h | 4m 12s | $651K | $11.3M | 25x |
Bitget ZETAUSDT
Gate ZETA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$207.48
- Price spread: −0.016% → −0.082%
- $6.55
- Slippage, 4 orders
- −$99.44
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$327.37
- Costs to cover
- 1.264%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Gate: 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 | 3.27 bp | 19.7 bp −$20 | 93.2 bp −$932 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 5.74 bp | 46.5 bp −$47 | 310.7 bp −$3,107 | 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 | −0.2308% | 1h | 0.06078 | −0.119% | $50K | $731K | 10x | as long as short |
| KuCoin ZETAUSDTM | −0.1086% | 4h | 0.06086 | +0.016% | $1.3M | $5.9M | 20x | as long as short |
| Variational Omni ZETA | −0.1046% | 4h | 0.06041 | −0.716% | $118K | $774K | — | as long as short |
| OKX ZETA-USDT-SWAP | −0.0976% | 4h | 0.06082 | −0.049% | $1.3M | $58.1M | 20x | as long as short |
| Gate ZETA_USDTshort | −0.0888% | 4h | 0.06084 | −0.016% | $651K | $11.3M | 25x | |
| MEXC ZETA_USDT | −0.0758% | 4h | 0.06084 | −0.016% | $1.3M | $13.0M | 50x | as long as short |
| Binance ZETAUSDT | −0.0736% | 4h | 0.06085 | +0.008% | $8.5M | $376.8M | 50x | as long as short |
| BloFin ZETA-USDT | −0.0711% | 4h | 0.06068 | −0.279% | $414K | $1.4M | 50x | as long as short |
| Bybit ZETAUSDT | −0.0614% | 4h | 0.06081 | −0.066% | $5.2M | $96.7M | 25x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +6.163% | $1K | $3K | 5.5x | as long as short |
Kraken Futures PF_ZETAUSD
KuCoin ZETAUSDTM
Variational Omni ZETA
OKX ZETA-USDT-SWAP
MEXC ZETA_USDT
Binance ZETAUSDT
BloFin 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 | 0.06083 | −0.033% | $1.7M | $4.0M | 3x | as long as short |
| Bitget ZETAUSDTlong | +0.0100% | 4h | 0.06085 | long leg | $2.5M | $73.3M | 50x | |
| BingX ZETA-USDT | +0.0100% | 4h | 0.06084 | −0.016% | — | $8.1M | — | as long as short |
Hyperliquid ZETA
BingX ZETA-USDT