Funding you earn now, next payment 12:00 UTC−0.0404%/8h= −44.3% APRnext payment −$2.02 per $10,000 · paid last 24h +0.016%
Price spread now: MEXC against OKX+0.108%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$750.755% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 7 days−0.171%−$17 · spread now +0.108%, 7d avg −0.004%
=The price spread pays, funding is against you. MEXC is 0.112% dearer against OKX than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of −0.004%): +$11 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 22 hours. Mind the row above: over the last 7 days funding on this pair paid +0.076%, 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 0.076% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.02 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZETA-USDT-SWAP | 0.05540 | −0.0524 | get 0.0262% / 4h | 1h 27m | $981K | $33.2M | 20x |
| Short | MEXC ZETA_USDT | 0.05546 | −0.0928 | pay 0.0464% / 4h | 1h 27m | $1.1M | $7.9M | 50x |
OKX ZETA-USDT-SWAP
MEXC ZETA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$84.88
- Price spread: +0.108% → −0.004%
- $11.18
- Slippage, 4 orders
- −$61.47
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$149.16
- Costs to cover
- 0.755%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; MEXC: 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 OKX live order book, 4 min ago | 3.60 bp | 31.2 bp −$31 | 170.4 bp −$1,704 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.90 bp | 8.2 bp −$8 | 57.3 bp −$573 | 133.4 bp −$13.3K | doesn't fit |
ZETA on 13 exchanges
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 | −0.2149% | 1h | 0.05524 | −0.283% | $54K | $515K | 10x | as long as short |
| Variational Omni ZETA | −0.1439% | 4h | 0.05563 | +0.410% | $119K | $418K | — | as long as short |
| Binance ZETAUSDT | −0.0930% | 4h | 0.05542 | +0.036% | $6.7M | $242.8M | 50x | as long as short |
| MEXC ZETA_USDTshort | −0.0928% | 4h | 0.05546 | +0.108% | $1.1M | $7.9M | 50x | |
| Gate ZETA_USDT | −0.0870% | 4h | 0.05545 | +0.090% | $529K | $6.1M | 25x | as long as short |
| BloFin ZETA-USDT | −0.0852% | 4h | 0.05505 | −0.632% | $321K | $1.0M | 50x | as long as short |
| Bybit ZETAUSDT | −0.0851% | 4h | 0.05540 | 0.000% | $4.3M | $65.9M | 25x | as long as short |
| OKX ZETA-USDT-SWAPlong | −0.0524% | 4h | 0.05540 | long leg | $981K | $33.2M | 20x | |
| KuCoin ZETAUSDTM | −0.0464% | 4h | 0.05533 | −0.126% | $927K | $3.7M | 20x | as long as short |
| Hyperliquid ZETA | −0.0283% | 1h | 0.05540 | 0.000% | $1.5M | $2.8M | 3x | as long as short |
Kraken Futures PF_ZETAUSD
Variational Omni ZETA
Binance ZETAUSDT
Gate ZETA_USDT
BloFin ZETA-USDT
Bybit ZETAUSDT
KuCoin ZETAUSDTM
Hyperliquid ZETAShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZETAUSDT | −0.0126% | 4h | 0.05536 | −0.072% | $2.2M | $49.1M | 50x | as long as short |
| BingX ZETA-USDT | −0.0068% | 4h | 0.05539 | −0.018% | — | $6.6M | — | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +16.606% | $1K | $1K | 5.5x | as long as short |
Bitget ZETAUSDT
BingX ZETA-USDT
Injective ZETA/USDC PERP