Funding you earn now, next payment 08:00 UTC−0.1175%/8h= −128.7% APRpaid last 24h −0.133%
Price spread now: Binance against Injective−10.931%67s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Binance is 10.931% cheaper against Injective than usual: you would sell low and buy high (−$1,093 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 67 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 -0.113% in total (about -5.9% a year). A funding rate is set anew for every payment. 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 | Injective ZETA/USDC PERP | 0.06460 | 0.0033 | pay 0.0004% / 1h | 12m 07s | $1K | $1K | 5.5x |
| Short | Binance ZETAUSDT | 0.05754 | −0.1142 | pay 0.0571% / 4h | 12m 07s | $7.4M | $296.1M | 50x |
Injective ZETA/USDC PERP
Binance ZETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- −$246.85
- Price spread: −10.931% → 0.000%
- −$1,093.06
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,349.93
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Binance: live order book, 1 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 1 min ago | 1.73 bp | 19.1 bp −$19 | 97.6 bp −$976 | 460.1 bp −$46.0K | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3113% | 1h | 0.05723 | −11.404% | $54K | $629K | 10x | as long as short |
| Variational Omni ZETA | −0.1552% | 4h | 0.05716 | −11.515% | $117K | $655K | — | as long as short |
| Gate ZETA_USDT | −0.1290% | 4h | 0.05764 | −10.774% | $586K | $8.2M | 25x | as long as short |
| MEXC ZETA_USDT | −0.1152% | 4h | 0.05757 | −10.882% | $1.2M | $10.2M | 50x | as long as short |
| Binance ZETAUSDTshort | −0.1142% | 4h | 0.05754 | −10.931% | $7.4M | $296.1M | 50x | |
| BloFin ZETA-USDT | −0.1102% | 4h | 0.05774 | −10.619% | $363K | $1.2M | 50x | as long as short |
| Bybit ZETAUSDT | −0.1014% | 4h | 0.05750 | −10.991% | $4.7M | $79.0M | 25x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0804% | 4h | 0.05754 | −10.929% | $1.1M | $41.2M | 20x | as long as short |
| KuCoin ZETAUSDTM | −0.0778% | 4h | 0.05761 | −10.820% | $966K | $4.5M | 20x | as long as short |
| Hyperliquid ZETA | −0.0298% | 1h | 0.05748 | −11.022% | $1.6M | $3.1M | 3x | as long as short |
Kraken Futures PF_ZETAUSD
Variational Omni ZETA
Gate ZETA_USDT
MEXC ZETA_USDT
BloFin ZETA-USDT
Bybit ZETAUSDT
OKX ZETA-USDT-SWAP
KuCoin ZETAUSDTM
Hyperliquid ZETAShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZETA/USDC PERPlong | +0.0033% | 1h | 0.06460 | long leg | $1K | $1K | 5.5x | |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05757 | −10.882% | $2.5M | $57.5M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.05764 | −10.774% | — | $7.3M | — | as long as short |
Bitget ZETAUSDT
BingX ZETA-USDT