ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1270%/8h= −139.1% APRnext payment −$6.35 per $10,000 · paid last 24h −0.135%

Price spread now: MEXC against Bitget−0.034%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$670.669% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.034%, 7d avg −0.069%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.035% dearer against Bitget than usual: you sell high and buy low (spread −0.034% now, against its 7-day average of −0.069%): +$3 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.114% in total) that is about 2.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.35 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	0.05872	0.0100	pay 0.0050% / 4h	40m 56s	$2.4M	$58.2M	50x
Short	MEXC ZETA_USDT	0.05870	−0.1170	pay 0.0585% / 4h	40m 56s	$1.2M	$10.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$266.7
Price spread: −0.034% → −0.069%: $3.45
Slippage, 4 orders: −$50.91
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$330.15
Costs to cover: 0.669%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; MEXC: live order book, 2 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, 3 min ago	2.56 bp	20.0 bp −$20	88.8 bp −$888	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.71 bp	8.5 bp −$8	61.8 bp −$618	124.7 bp −$12.5K	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	−0.3033%	1h	0.05873	+0.018%	$52K	$632K	10x	as long as short
Variational Omni ZETA	−0.1589%	4h	0.05866	−0.096%	$121K	$661K	—	as long as short
Gate ZETA_USDT	−0.1326%	4h	0.05871	−0.017%	$617K	$8.1M	25x	as long as short
BloFin ZETA-USDT	−0.1210%	4h	0.05865	−0.119%	$374K	$1.2M	50x	as long as short
Binance ZETAUSDT	−0.1171%	4h	0.05870	−0.026%	$7.8M	$301.0M	50x	as long as short
MEXC ZETA_USDTshort	−0.1170%	4h	0.05870	−0.034%	$1.2M	$10.2M	50x
Bybit ZETAUSDT	−0.1105%	4h	0.05863	−0.153%	$4.9M	$80.1M	25x	as long as short
KuCoin ZETAUSDTM	−0.0804%	4h	0.05875	+0.051%	$1.0M	$4.6M	20x	as long as short
OKX ZETA-USDT-SWAP	−0.0802%	4h	0.05865	−0.119%	$1.2M	$42.8M	20x	as long as short
Hyperliquid ZETA	−0.0491%	1h	0.05865	−0.119%	$1.6M	$3.2M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+10.014%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDTlong	+0.0100%	4h	0.05872	long leg	$2.4M	$58.2M	50x
BingX ZETA-USDT	+0.0100%	4h	0.05868	−0.068%	—	$7.4M	—	as long as short