ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0332%/8h= +36.4% APRnext payment +$1.66 per $10,000 · paid last 24h +0.032%

Price spread now: MEXC against Gate−0.231%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1001.003% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 4 days (all we have)+0.312%+$31 · spread now −0.231%, 7d avg −0.025%

Together, before fees+0.339%+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.206% cheaper against Gate than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of −0.025%). If the spread goes back, that is −$21 on $10k: about 2.1 days of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.027% in total) that is about 54 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.66 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	0.06050	−0.0564	get 0.0282% / 4h	2h 26m	$607K	$9.4M	25x
Short	MEXC ZETA_USDT	0.06036	−0.0232	pay 0.0116% / 4h	2h 26m	$1.5M	$11.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.231%Rate

Funding earned: $69.72
Price spread: −0.231% → −0.025%: −$20.63
Slippage, 4 orders: −$81.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$51.19
Costs to cover: 1.003%
Break-even: 12.1 days

Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago	4.95 bp	37.7 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.65 bp	8.0 bp −$8	55.9 bp −$559	133.1 bp −$13.3K	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	−0.0564%	4h	0.06050	long leg	$607K	$9.4M	25x
KuCoin ZETAUSDTM	−0.0480%	4h	0.06041	−0.149%	$1.2M	$5.1M	20x	as long as short
Kraken Futures PF_ZETAUSD	−0.0425%	1h	0.06054	+0.064%	$67K	$630K	10x	as long as short
BloFin ZETA-USDT	−0.0274%	4h	0.06041	−0.149%	$403K	$1.0M	50x	as long as short
Binance ZETAUSDT	−0.0234%	4h	0.06040	−0.166%	$8.3M	$301.6M	50x	as long as short
MEXC ZETA_USDTshort	−0.0232%	4h	0.06036	−0.231%	$1.5M	$11.5M	50x
BingX ZETA-USDT	−0.0226%	4h	0.06038	−0.198%	—	$6.7M	—	as long as short
OKX ZETA-USDT-SWAP	−0.0147%	4h	0.06028	−0.364%	$1.1M	$46.1M	20x	as long as short
Variational Omni ZETA	−0.0076%	4h	0.06013	−0.608%	$142K	$695K	—	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+6.777%	$1K	$5K	5.5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETA	+0.0100%	1h	0.06039	−0.182%	$1.7M	$3.7M	3x	as long as short
Bybit ZETAUSDT	+0.0100%	4h	0.06029	−0.347%	$5.3M	$77.8M	25x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.06040	−0.165%	$2.2M	$57.4M	50x	as long as short