ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0468%/8h= −51.2% APRnext payment −$2.34 per $10,000 · paid last 24h −0.053%

Price spread now: Gate against BloFin−0.119%63s7-day average +0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as 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−$1271.268% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.119%, 7d avg +0.098%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Gate is 0.217% cheaper against BloFin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.098%). Swap the legs. The two prices were read 63 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 -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.34 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	BloFin ZETA-USDT	0.05889	−0.0986	get 0.0493% / 4h	1h 28m	$378K	$1.3M	50x
Short	Gate ZETA_USDT	0.05882	−0.1454	pay 0.0727% / 4h	1h 28m	$645K	$8.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.119%Rate

Funding earned: −$98.19
Price spread: −0.119% → +0.098%: −$21.72
Slippage, 4 orders: −$99.8
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$246.71
Costs to cover: 1.268%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Gate: live order book, 5 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 BloFin live order book, 4 min ago	1.71 bp	24.8 bp −$25	67.9 bp −$679	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	6.80 bp	43.9 bp −$44	241.8 bp −$2,418	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	−0.3558%	1h	0.05880	−0.147%	$54K	$690K	10x	as long as short
Variational Omni ZETA	−0.1641%	4h	0.05869	−0.332%	$121K	$684K	—	as long as short
Gate ZETA_USDTshort	−0.1454%	4h	0.05882	−0.119%	$645K	$8.7M	25x
Bybit ZETAUSDT	−0.1407%	4h	0.05871	−0.306%	$5.0M	$83.8M	25x	as long as short
BloFin ZETA-USDTlong	−0.0986%	4h	0.05889	long leg	$378K	$1.3M	50x
Binance ZETAUSDT	−0.0961%	4h	0.05875	−0.241%	$7.8M	$318.3M	50x	as long as short
MEXC ZETA_USDT	−0.0940%	4h	0.05879	−0.170%	$1.2M	$10.8M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.0813%	4h	0.05872	−0.289%	$1.2M	$45.4M	20x	as long as short
KuCoin ZETAUSDTM	−0.0778%	4h	0.05880	−0.153%	$1.1M	$5.0M	20x	as long as short
Hyperliquid ZETA	−0.0313%	1h	0.05878	−0.187%	$1.6M	$3.4M	3x	as long as short

Show 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	+9.696%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05882	−0.119%	$2.4M	$61.4M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.05877	−0.204%	—	$7.6M	—	as long as short