Funding you earn now, next payment 23:00 UTC−0.0665%/8h= −72.9% APRpaid last 24h −0.119%
Price spread now: MEXC against Injective−6.316%85s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.006%+$1 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 −$20 a day on $10k at the current rate, and MEXC is 6.316% cheaper against Injective than usual: you would sell low and buy high (−$632 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 85 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 0.006% in total (about 0.3% 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 | 23m 51s | $1K | $5K | 5.5x |
| Short | MEXC ZETA_USDT | 0.06052 | −0.0632 | pay 0.0316% / 4h | 1h 23m | $1.5M | $11.6M | 50x |
Injective ZETA/USDC PERP
MEXC ZETA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$139.72
- Price spread: −6.316% → 0.000%
- −$631.58
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$775.32
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago | 0.83 bp | 5.2 bp −$5 | 49.4 bp −$494 | 121.5 bp −$12.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZETA_USDT | −0.1140% | 4h | 0.06053 | −6.300% | $608K | $9.5M | 25x | as long as short |
| Binance ZETAUSDT | −0.0636% | 4h | 0.06054 | −6.285% | $8.6M | $305.8M | 50x | as long as short |
| MEXC ZETA_USDTshort | −0.0632% | 4h | 0.06052 | −6.316% | $1.5M | $11.6M | 50x | |
| BingX ZETA-USDT | −0.0600% | 4h | 0.06050 | −6.347% | — | $6.8M | — | as long as short |
| BloFin ZETA-USDT | −0.0595% | 4h | 0.06052 | −6.316% | $414K | $1.0M | 50x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0580% | 4h | 0.06048 | −6.378% | $1.1M | $46.8M | 20x | as long as short |
| KuCoin ZETAUSDTM | −0.0540% | 4h | 0.06053 | −6.300% | $1.2M | $5.1M | 20x | as long as short |
| Variational Omni ZETA | −0.0403% | 4h | 0.06040 | −6.505% | $142K | $708K | — | as long as short |
| Kraken Futures PF_ZETAUSD | −0.0263% | 1h | 0.06062 | −6.169% | $67K | $634K | 10x | as long as short |
| Bybit ZETAUSDT | −0.0162% | 4h | 0.06041 | −6.486% | $5.3M | $78.8M | 25x | as long as short |
Gate ZETA_USDT
Binance ZETAUSDT
BingX ZETA-USDT
BloFin ZETA-USDT
OKX ZETA-USDT-SWAP
KuCoin ZETAUSDTM
Variational Omni ZETA
Kraken Futures PF_ZETAUSD
Bybit ZETAUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETA | −0.0113% | 1h | 0.06052 | −6.316% | $1.8M | $3.7M | 3x | as long as short |
| Injective ZETA/USDC PERPlong | +0.0033% | 1h | 0.06460 | long leg | $1K | $5K | 5.5x | |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.06059 | −6.207% | $2.3M | $58.1M | 50x | as long as short |
Hyperliquid ZETA
Bitget ZETAUSDT