Funding you earn now, next payment 08:00 UTC+0.0632%/8h= +69.3% APRnext payment +$3.16 per $10,000 · paid last 24h +0.219%
Price spread now: Bitget against OKX+0.101%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1071.074% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 7 days−0.034%−$3 · spread now +0.101%, 7d avg +0.063%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Bitget is 0.038% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.063%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.212% in total (about 11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.16 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 | OKX ZETA-USDT-SWAP | 0.05963 | −0.0532 | get 0.0266% / 4h | 3h 19m | $1.2M | $53.0M | 20x |
| Short | Bitget ZETAUSDT | 0.05969 | 0.0100 | get 0.0050% / 4h | 3h 19m | $2.3M | $69.1M | 50x |
OKX ZETA-USDT-SWAP
Bitget ZETAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- $132.82
- Price spread: +0.101% → +0.063%
- $3.77
- Slippage, 4 orders
- −$85.36
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $29.23
- Costs to cover
- 1.074%
- Break-even
- 5.5 days
Slippage from OKX: live order book, 4 min ago; Bitget: 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 OKX live order book, 4 min ago | 3.35 bp | 31.9 bp −$32 | 133.8 bp −$1,338 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 3.34 bp | 28.1 bp −$28 | 124.5 bp −$1,245 | 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_USDT | −0.1142% | 4h | 0.05978 | +0.252% | $625K | $10.0M | 25x | as long as short |
| Variational Omni ZETA | −0.0878% | 4h | 0.05983 | +0.335% | $113K | $727K | — | as long as short |
| Bybit ZETAUSDT | −0.0784% | 4h | 0.05961 | −0.034% | $5.0M | $92.7M | 25x | as long as short |
| Kraken Futures PF_ZETAUSD | −0.0678% | 1h | 0.05980 | +0.280% | $53K | $732K | 10x | as long as short |
| KuCoin ZETAUSDTM | −0.0540% | 4h | 0.05975 | +0.201% | $1.2M | $5.7M | 20x | as long as short |
| OKX ZETA-USDT-SWAPlong | −0.0532% | 4h | 0.05963 | long leg | $1.2M | $53.0M | 20x | |
| BloFin ZETA-USDT | −0.0494% | 4h | 0.05983 | +0.335% | $389K | $1.4M | 50x | as long as short |
| MEXC ZETA_USDT | −0.0446% | 4h | 0.05978 | +0.252% | $1.2M | $12.9M | 50x | as long as short |
| Binance ZETAUSDT | −0.0442% | 4h | 0.05970 | +0.117% | $8.2M | $356.9M | 50x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +8.335% | $1K | $1K | 5.5x | as long as short |
Gate ZETA_USDT
Variational Omni ZETA
Bybit ZETAUSDT
Kraken Futures PF_ZETAUSD
KuCoin ZETAUSDTM
BloFin ZETA-USDT
MEXC ZETA_USDT
Binance ZETAUSDT
Injective ZETA/USDC PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETA | +0.0100% | 1h | 0.05982 | +0.319% | $1.7M | $3.7M | 3x | as long as short |
| Bitget ZETAUSDTshort | +0.0100% | 4h | 0.05969 | +0.101% | $2.3M | $69.1M | 50x | |
| BingX ZETA-USDT | +0.0100% | 4h | 0.05983 | +0.335% | — | $7.9M | — | as long as short |
Hyperliquid ZETA
BingX ZETA-USDT