ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1560%/8h= +170.8% APRnext payment +$7.80 per $10,000 · paid last 24h +0.044%

Price spread now: Bitget against Gate−0.272%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1291.288% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.419%+$42 · spread now −0.272%, 7d avg +0.037%

Together, before fees+0.441%+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.310% cheaper against Gate than usual: you would sell low and buy high (spread −0.272% now, against its 7-day average of +0.037%). If the spread goes back, that is −$31 on $10k: about 16 hours of funding at the current rate (+$47 a day). At the pace of the last 7 days (+0.022% in total) that is about 3 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.80 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	Gate ZETA_USDT	0.05878	−0.1460	get 0.0730% / 4h	26m 59s	$584K	$9.6M	25x
Short	Bitget ZETAUSDT	0.05862	0.0100	get 0.0050% / 4h	26m 59s	$2.2M	$58.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee BitgetbpOrdersPrice spread, now −0.272%Rate

Funding earned: $327.6
Price spread: −0.272% → +0.037%: −$30.95
Slippage, 4 orders: −$101.79
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: $167.85
Costs to cover: 1.288%
Break-even: 3.4 days

Slippage from Gate: live order book, 1 min ago; Bitget: 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 Gate live order book, 1 min ago	5.10 bp	37.5 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.55 bp	24.1 bp −$24	83.9 bp −$839	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
Gate ZETA_USDTlong	−0.1460%	4h	0.05878	long leg	$584K	$9.6M	25x
BloFin ZETA-USDT	−0.1017%	4h	0.05874	−0.068%	$406K	$1.0M	50x	as long as short
Binance ZETAUSDT	−0.0988%	4h	0.05876	−0.026%	$8.2M	$310.4M	50x	as long as short
MEXC ZETA_USDT	−0.0986%	4h	0.05879	+0.017%	$1.4M	$11.7M	50x	as long as short
OKX ZETA-USDT-SWAP	−0.0946%	4h	0.05856	−0.374%	$1.1M	$46.1M	20x	as long as short
BingX ZETA-USDT	−0.0926%	4h	0.05872	−0.102%	—	$6.8M	—	as long as short
KuCoin ZETAUSDTM	−0.0772%	4h	0.05872	−0.102%	$1.1M	$5.2M	20x	as long as short
Variational Omni ZETA	−0.0652%	4h	0.05914	+0.609%	$136K	$712K	—	as long as short
Bybit ZETAUSDT	−0.0505%	4h	0.05860	−0.306%	$5.0M	$80.0M	25x	as long as short
Hyperliquid ZETA	−0.0300%	1h	0.05878	0.000%	$1.7M	$3.8M	3x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ZETAUSD	−0.0191%	1h	0.05875	−0.056%	$65K	$648K	10x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+9.901%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDTshort	+0.0100%	4h	0.05862	−0.272%	$2.2M	$58.9M	50x