Funding you earn now, next payment 00:00 UTC−0.0464%/8h= −50.8% APRnext payment −$2.32 per $10,000 · paid last 24h +0.043%
Price spread now: BloFin against Bybit+0.181%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$800.800% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 3 days (all we have)+0.114%+$11 · spread now +0.181%, 7d avg −0.044%
=The price spread pays, funding is against you. BloFin is 0.225% dearer against Bybit than usual: you sell high and buy low (spread +0.181% now, against its 7-day average of −0.044%): +$22 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 39 hours. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.051% in total (about 2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.32 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 | Bybit ZETAUSDT | 0.06066 | −0.0143 | get 0.0071% / 4h | 1h 28m | $5.4M | $78.7M | 25x |
| Short | BloFin ZETA-USDT | 0.06077 | −0.0607 | pay 0.0304% / 4h | 1h 28m | $412K | $1.0M | 50x |
Bybit ZETAUSDT
BloFin ZETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- −$97.49
- Price spread: +0.181% → −0.044%
- $22.49
- Slippage, 4 orders
- −$57.01
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$155.01
- Costs to cover
- 0.800%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 3 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 Bybit live order book, 5 min ago | 2.49 bp | 23.4 bp −$23 | 72.4 bp −$724 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 2.49 bp | 12.4 bp −$12 | 37.7 bp −$377 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZETA_USDT | −0.1080% | 4h | 0.06073 | +0.115% | $610K | $9.5M | 25x | as long as short |
| MEXC ZETA_USDT | −0.0634% | 4h | 0.06076 | +0.165% | $1.5M | $11.6M | 50x | as long as short |
| Binance ZETAUSDT | −0.0631% | 4h | 0.06078 | +0.199% | $8.6M | $305.5M | 50x | as long as short |
| BloFin ZETA-USDTshort | −0.0607% | 4h | 0.06077 | +0.181% | $412K | $1.0M | 50x | |
| BingX ZETA-USDT | −0.0600% | 4h | 0.06075 | +0.148% | — | $6.8M | — | as long as short |
| KuCoin ZETAUSDTM | −0.0548% | 4h | 0.06069 | +0.049% | $1.2M | $5.1M | 20x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0544% | 4h | 0.06068 | +0.033% | $1.1M | $46.9M | 20x | as long as short |
| Variational Omni ZETA | −0.0372% | 4h | 0.06013 | −0.878% | $142K | $708K | — | as long as short |
| Kraken Futures PF_ZETAUSD | −0.0262% | 1h | 0.06086 | +0.332% | $67K | $634K | 10x | as long as short |
| Bybit ZETAUSDTlong | −0.0143% | 4h | 0.06066 | long leg | $5.4M | $78.7M | 25x |
Gate ZETA_USDT
MEXC ZETA_USDT
Binance ZETAUSDT
BingX ZETA-USDT
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAP
Variational Omni ZETA
Kraken Futures PF_ZETAUSDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETA | −0.0119% | 1h | 0.06070 | +0.066% | $1.8M | $3.7M | 3x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +6.495% | $1K | $5K | 5.5x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.06085 | +0.313% | $2.3M | $58.1M | 50x | as long as short |
Hyperliquid ZETA
Injective ZETA/USDC PERP
Bitget ZETAUSDT