ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1802%/8h= +197.3% APRnext payment +$9.01 per $10,000 · paid last 24h +0.044%

Price spread now: Bitget against Gate−0.090%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1101.100% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.237%+$24 · spread now −0.090%, 7d avg +0.037%

Together, before fees+0.259%+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.127% cheaper against Gate than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of +0.037%). If the spread goes back, that is −$13 on $10k: about 6 hours of funding at the current rate (+$54 a day). At the pace of the last 7 days (+0.022% in total) that is about 41 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.01 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	Gate ZETA_USDT	0.05571	−0.1702	get 0.0851% / 4h	9m 49s	$577K	$9.8M	25x
Short	Bitget ZETAUSDT	0.05566	0.0100	get 0.0050% / 4h	9m 49s	$2.0M	$60.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.090%Rate

Funding earned: $378.42
Price spread: −0.090% → +0.037%: −$12.71
Slippage, 4 orders: −$82.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: $255.75
Costs to cover: 1.100%
Break-even: 2.3 days

Slippage from Gate: live order book, 4 min ago; Bitget: 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 Gate live order book, 4 min ago	5.39 bp	31.1 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.60 bp	22.0 bp −$22	102.6 bp −$1,026	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_USDTlong	−0.1702%	4h	0.05571	long leg	$577K	$9.8M	25x
Binance ZETAUSDT	−0.1393%	4h	0.05567	−0.076%	$7.6M	$316.4M	50x	as long as short
MEXC ZETA_USDT	−0.1360%	4h	0.05565	−0.108%	$1.2M	$11.9M	50x	as long as short
BloFin ZETA-USDT	−0.1304%	4h	0.05579	+0.144%	$375K	$1.0M	50x	as long as short
BingX ZETA-USDT	−0.1272%	4h	0.05563	−0.144%	—	$7.0M	—	as long as short
OKX ZETA-USDT-SWAP	−0.1165%	4h	0.05574	+0.054%	$995K	$45.1M	20x	as long as short
KuCoin ZETAUSDTM	−0.1110%	4h	0.05559	−0.215%	$1.0M	$5.3M	20x	as long as short
Variational Omni ZETA	−0.1054%	4h	0.05564	−0.131%	$110K	$733K	—	as long as short
Bybit ZETAUSDT	−0.0745%	4h	0.05566	−0.090%	$4.7M	$81.6M	25x	as long as short
Hyperliquid ZETA	−0.0664%	1h	0.05569	−0.036%	$1.6M	$3.8M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZETAUSD	−0.0202%	1h	0.05551	−0.358%	$54K	$674K	10x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+15.958%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDTshort	+0.0100%	4h	0.05566	−0.090%	$2.0M	$60.3M	50x