Funding you earn now, next payment 09:00 UTC−0.1581%/8h= −173.1% APRpaid last 24h −0.222%
Price spread now: Gate against Hyperliquid+0.120%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1331.333% of the position
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 7 days−0.201%−$20 · spread now +0.120%, 7d avg +0.004%
=Together, before fees−0.064%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.116% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.120% now, against its 7-day average of +0.004%): +$12 on $10k if it goes back. Holding the pair costs −$47 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.138%, 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 0.138% in total (about 7.2% a year). A funding rate is set anew for every payment. 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 | Hyperliquid ZETA | 0.05825 | −0.0167 | get 0.0021% / 1h | 5m 05s | $1.6M | $2.9M | 3x |
| Short | Gate ZETA_USDT | 0.05832 | −0.1748 | pay 0.0874% / 4h | 3h 05m | $583K | $7.1M | 25x |
Hyperliquid ZETA
Gate ZETA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Hyperliquid. 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
- −$332.02
- Price spread: +0.120% → +0.004%
- $11.64
- Slippage, 4 orders
- −$109.29
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$453.68
- Costs to cover
- 1.333%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; Gate: 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 Hyperliquid live order book, 6 min ago | 4.25 bp | 31.5 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 7.72 bp | 36.9 bp −$37 | 328.6 bp −$3,286 | 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 | −0.3675% | 1h | 0.05829 | +0.064% | $56K | $568K | 10x | as long as short |
| Gate ZETA_USDTshort | −0.1748% | 4h | 0.05832 | +0.120% | $583K | $7.1M | 25x | |
| Variational Omni ZETA | −0.1717% | 4h | 0.05827 | +0.026% | $124K | $558K | — | as long as short |
| Bybit ZETAUSDT | −0.1587% | 4h | 0.05827 | +0.034% | $4.8M | $73.6M | 25x | as long as short |
| Binance ZETAUSDT | −0.0984% | 4h | 0.05826 | +0.010% | $7.5M | $277.4M | 50x | as long as short |
| MEXC ZETA_USDT | −0.0982% | 4h | 0.05825 | 0.000% | $1.2M | $9.8M | 50x | as long as short |
| BloFin ZETA-USDT | −0.0927% | 4h | 0.05843 | +0.309% | $359K | $1.1M | 50x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0744% | 4h | 0.05822 | −0.052% | $1.1M | $38.9M | 20x | as long as short |
| KuCoin ZETAUSDTM | −0.0546% | 4h | 0.05834 | +0.155% | $965K | $4.3M | 20x | as long as short |
| Hyperliquid ZETAlong | −0.0167% | 1h | 0.05825 | long leg | $1.6M | $2.9M | 3x |
Kraken Futures PF_ZETAUSD
Variational Omni ZETA
Bybit ZETAUSDT
Binance ZETAUSDT
MEXC ZETA_USDT
BloFin ZETA-USDT
OKX ZETA-USDT-SWAP
KuCoin ZETAUSDTMShow 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 | +10.901% | $1K | $1K | 5.5x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05830 | +0.086% | $2.5M | $54.4M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.05824 | −0.017% | — | $7.1M | — | as long as short |
Injective ZETA/USDC PERP
Bitget ZETAUSDT
BingX ZETA-USDT