ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0224%/8h= −24.5% APRnext payment −$1.12 per $10,000 · paid last 24h +0.043%

Price spread now: MEXC against Gate+0.034%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1081.083% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.034%, 7d avg −0.023%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.058% dearer against Gate than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.023%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 21 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.037% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.12 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	0.05856	−0.1668	get 0.0834% / 4h	2h 16m	$604K	$10.6M	25x
Short	MEXC ZETA_USDT	0.05858	−0.1892	pay 0.0946% / 4h	2h 16m	$1.1M	$12.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$47.04
Price spread: +0.034% → −0.023%: $5.75
Slippage, 4 orders: −$89.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$149.55
Costs to cover: 1.083%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; MEXC: 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, 2 min ago	3.40 bp	41.5 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.55 bp	7.7 bp −$8	44.3 bp −$443	131.3 bp −$13.1K	doesn't fit

ZETA on 12 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	−0.2024%	4h	0.05871	+0.256%	$1.1M	$5.6M	20x	as long as short
OKX ZETA-USDT-SWAP	−0.1995%	4h	0.05822	−0.581%	$1.1M	$52.0M	20x	as long as short
MEXC ZETA_USDTshort	−0.1892%	4h	0.05858	+0.034%	$1.1M	$12.3M	50x
Binance ZETAUSDT	−0.1891%	4h	0.05841	−0.258%	$8.1M	$344.3M	50x	as long as short
BingX ZETA-USDT	−0.1879%	4h	0.05855	−0.017%	—	$7.4M	—	as long as short
Gate ZETA_USDTlong	−0.1668%	4h	0.05856	long leg	$604K	$10.6M	25x
Variational Omni ZETA	−0.1469%	4h	0.05922	+1.125%	$114K	$757K	—	as long as short
Kraken Futures PF_ZETAUSD	−0.0960%	1h	0.05887	+0.534%	$48K	$719K	10x	as long as short
Bybit ZETAUSDT	−0.0912%	4h	0.05819	−0.632%	$5.2M	$89.0M	25x	as long as short
Hyperliquid ZETA	−0.0595%	1h	0.05874	+0.307%	$1.6M	$4.0M	3x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+10.314%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05849	−0.120%	$2.3M	$66.4M	50x	as long as short