Funding you earn now, next payment 04:00 UTC−0.0621%/8h= −67.9% APRnext payment −$3.10 per $10,000 · paid last 24h −0.032%
Price spread now: Gate against Binance+0.146%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1261.257% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.146%, 7d avg +0.029%
=The price spread pays, funding is against you. Gate is 0.118% dearer against Binance than usual: you sell high and buy low (spread +0.146% now, against its 7-day average of +0.029%): +$12 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.027% in total) that is about 31 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.10 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 | Binance ZETAUSDT | 0.05515 | −0.1705 | get 0.0853% / 4h | 3h 54m | $7.5M | $320.0M | 50x |
| Short | Gate ZETA_USDT | 0.05523 | −0.2326 | pay 0.1163% / 4h | 3h 54m | $551K | $9.9M | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$130.31
- Price spread: +0.146% → +0.029%
- $11.77
- Slippage, 4 orders
- −$100.65
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$244.19
- Costs to cover
- 1.257%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Gate: live order book, 4 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 Binance live order book, 4 min ago | 1.78 bp | 15.8 bp −$16 | 55.8 bp −$558 | 521.0 bp −$52.1K | doesn't fit |
| Sell Gate live order book, 4 min ago | 3.57 bp | 46.2 bp −$46 | 257.3 bp −$2,573 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ZETA-USDT | −0.3900% | 4h | 0.05525 | +0.183% | — | $7.1M | — | as long as short |
| Kraken Futures PF_ZETAUSD | −0.2975% | 1h | 0.05474 | −0.746% | $51K | $682K | 10x | as long as short |
| Gate ZETA_USDTshort | −0.2326% | 4h | 0.05523 | +0.146% | $551K | $9.9M | 25x | |
| Bybit ZETAUSDT | −0.2284% | 4h | 0.05517 | +0.038% | $4.8M | $82.6M | 25x | as long as short |
| BloFin ZETA-USDT | −0.1736% | 4h | 0.05486 | −0.525% | $361K | $1.0M | 50x | as long as short |
| Binance ZETAUSDTlong | −0.1705% | 4h | 0.05515 | long leg | $7.5M | $320.0M | 50x | |
| MEXC ZETA_USDT | −0.1700% | 4h | 0.05521 | +0.110% | $1.2M | $11.9M | 50x | as long as short |
| KuCoin ZETAUSDTM | −0.1422% | 4h | 0.05484 | −0.561% | $1.0M | $5.3M | 20x | as long as short |
| OKX ZETA-USDT-SWAP | −0.1368% | 4h | 0.05524 | +0.164% | $1.0M | $45.4M | 20x | as long as short |
| Variational Omni ZETA | −0.1299% | 4h | 0.05525 | +0.178% | $111K | $734K | — | as long as short |
Show all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETA | −0.0981% | 1h | 0.05499 | −0.289% | $1.5M | $3.8M | 3x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +17.137% | $1K | $5K | 5.5x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05529 | +0.255% | $2.0M | $61.0M | 50x | as long as short |
Binance ZETAUSDT
Gate ZETA_USDT
BingX ZETA-USDT
Kraken Futures PF_ZETAUSD
Bybit ZETAUSDT
BloFin ZETA-USDT
MEXC ZETA_USDT
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAP
Variational Omni ZETA
Hyperliquid ZETA
Injective ZETA/USDC PERP
Bitget ZETAUSDT