ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0594%/8h= −65.0% APRnext payment −$2.97 per $10,000 · paid last 24h −0.134%

Price spread now: BloFin against Bitget−0.267%55s7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$910.910% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)+0.472%+$47 · spread now −0.267%, 7d avg −0.119%

Together, before fees+0.373%+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and BloFin is 0.148% cheaper against Bitget than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.119%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.97 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	Bitget ZETAUSDT	0.05999	0.0100	pay 0.0050% / 4h	3h 20m	$2.3M	$69.2M	50x
Short	BloFin ZETA-USDT	0.05983	−0.0494	pay 0.0247% / 4h	3h 20m	$389K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now −0.267%Rate

Funding earned: −$124.73
Price spread: −0.267% → −0.119%: −$14.77
Slippage, 4 orders: −$66.99
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$230.49
Costs to cover: 0.910%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; BloFin: 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 Bitget live order book, 4 min ago	3.34 bp	20.7 bp −$21	96.2 bp −$962	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	7.53 bp	22.2 bp −$22	67.2 bp −$672	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
Variational Omni ZETA	−0.0878%	4h	0.05983	−0.267%	$113K	$727K	—	as long as short
Gate ZETA_USDT	−0.0854%	4h	0.05997	−0.033%	$628K	$10.0M	25x	as long as short
Kraken Futures PF_ZETAUSD	−0.0678%	1h	0.05980	−0.322%	$53K	$732K	10x	as long as short
KuCoin ZETAUSDTM	−0.0540%	4h	0.05997	−0.033%	$1.2M	$5.7M	20x	as long as short
OKX ZETA-USDT-SWAP	−0.0531%	4h	0.05985	−0.233%	$1.2M	$53.3M	20x	as long as short
BloFin ZETA-USDTshort	−0.0494%	4h	0.05983	−0.267%	$389K	$1.4M	50x
Bybit ZETAUSDT	−0.0491%	4h	0.05998	−0.017%	$5.1M	$93.0M	25x	as long as short
MEXC ZETA_USDT	−0.0450%	4h	0.05995	−0.067%	$1.2M	$12.9M	50x	as long as short
Binance ZETAUSDT	−0.0448%	4h	0.06003	+0.067%	$8.2M	$357.7M	50x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+7.685%	$1K	$1K	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	0.05990	−0.150%	$1.7M	$3.7M	3x	as long as short
Bitget ZETAUSDTlong	+0.0100%	4h	0.05999	long leg	$2.3M	$69.2M	50x
BingX ZETA-USDT	+0.0100%	4h	0.06000	+0.017%	—	$7.9M	—	as long as short