Funding you earn now, next payment 08:00 UTC+0.1010%/8h= +110.6% APRnext payment +$5.05 per $10,000 · paid last 24h +0.030%
Price spread now: Gate against OKX+0.066%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1491.487% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now +0.066%, 7d avg −0.018%
=Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Gate is 0.084% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.018%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.05 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 | OKX ZETA-USDT-SWAP | 0.06034 | −0.0910 | get 0.0455% / 4h | 3h 58m | $1.3M | $57.2M | 20x |
| Short | Gate ZETA_USDT | 0.06038 | 0.0100 | get 0.0050% / 4h | 3h 58m | $633K | $9.9M | 25x |
OKX ZETA-USDT-SWAP
Gate ZETA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against OKX. 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
- $212.11
- Price spread: +0.066% → −0.018%
- $8.41
- Slippage, 4 orders
- −$123.68
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $71.84
- Costs to cover
- 1.487%
- Break-even
- 4.6 days
Slippage from OKX: live order book, 6 min ago; Gate: live order book, just now.
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 OKX live order book, 6 min ago | 0.82 bp | 26.5 bp −$26 | 122.2 bp −$1,222 | doesn't fit | doesn't fit |
| Sell Gate live order book, just now | 5.78 bp | 40.2 bp −$40 | 350.0 bp −$3,500 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZETAUSDTM | −0.1010% | 4h | 0.06048 | +0.232% | $1.3M | $5.9M | 20x | as long as short |
| Variational Omni ZETA | −0.0954% | 4h | 0.06045 | +0.190% | $118K | $773K | — | as long as short |
| OKX ZETA-USDT-SWAPlong | −0.0910% | 4h | 0.06034 | long leg | $1.3M | $57.2M | 20x | |
| BloFin ZETA-USDT | −0.0733% | 4h | 0.06015 | −0.315% | $410K | $1.4M | 50x | as long as short |
| Binance ZETAUSDT | −0.0687% | 4h | 0.06037 | +0.050% | $8.4M | $374.2M | 50x | as long as short |
| MEXC ZETA_USDT | −0.0686% | 4h | 0.06034 | 0.000% | $1.2M | $12.8M | 50x | as long as short |
| Kraken Futures PF_ZETAUSD | −0.0673% | 1h | 0.06033 | −0.019% | $50K | $731K | 10x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +7.060% | $1K | $1K | 5.5x | as long as short |
| Hyperliquid ZETA | +0.0100% | 1h | 0.06032 | −0.033% | $1.7M | $4.0M | 3x | as long as short |
| Bybit ZETAUSDT | +0.0100% | 4h | 0.06032 | −0.033% | $5.2M | $96.3M | 25x | as long as short |
KuCoin ZETAUSDTM
Variational Omni ZETA
BloFin ZETA-USDT
Binance ZETAUSDT
MEXC ZETA_USDT
Kraken Futures PF_ZETAUSD
Injective ZETA/USDC PERP
Hyperliquid ZETA
Bybit ZETAUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZETA_USDTshort | +0.0100% | 4h | 0.06038 | +0.066% | $633K | $9.9M | 25x | |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.06032 | −0.033% | $2.3M | $72.9M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.06033 | −0.017% | — | $8.1M | — | as long as short |
Bitget ZETAUSDT
BingX ZETA-USDT