Funding you earn now, next payment 08:00 UTC−0.0723%/8h= −79.1% APRnext payment −$3.61 per $10,000 · paid last 24h −0.051%
Price spread now: Gate against Binance−0.031%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1401.399% of the position
Funding, last 7 days−0.051%−$5 on $10k
+Price spread, last 7 days+0.064%+$6 · spread now −0.031%, 7d avg −0.007%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Gate is 0.024% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.61 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 | 0.05907 | −0.0557 | get 0.0279% / 4h | 2h 31m | $7.9M | $341.4M | 50x |
| Short | Gate ZETA_USDT | 0.05905 | −0.1280 | pay 0.0640% / 4h | 2h 31m | $649K | $9.5M | 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
- −$151.75
- Price spread: −0.031% → −0.007%
- −$2.42
- Slippage, 4 orders
- −$114.95
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$294.11
- Costs to cover
- 1.399%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Gate: 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 Binance live order book, 12 min ago | 1.68 bp | 19.6 bp −$20 | 95.2 bp −$952 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 6.74 bp | 53.3 bp −$53 | 344.1 bp −$3,441 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZETAUSD | −0.2819% | 1h | 0.05908 | +0.022% | $56K | $720K | 10x | as long as short |
| Bybit ZETAUSDT | −0.2062% | 4h | 0.05903 | −0.065% | $5.0M | $89.4M | 25x | as long as short |
| Variational Omni ZETA | −0.1365% | 4h | 0.05949 | +0.715% | $112K | $691K | — | as long as short |
| Gate ZETA_USDTshort | −0.1280% | 4h | 0.05905 | −0.031% | $649K | $9.5M | 25x | |
| KuCoin ZETAUSDTM | −0.0594% | 4h | 0.05906 | −0.015% | $1.2M | $5.3M | 20x | as long as short |
| Binance ZETAUSDTlong | −0.0557% | 4h | 0.05907 | long leg | $7.9M | $341.4M | 50x | |
| MEXC ZETA_USDT | −0.0552% | 4h | 0.05900 | −0.116% | $1.2M | $11.9M | 50x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0526% | 4h | 0.05898 | −0.150% | $1.2M | $49.5M | 20x | as long as short |
| BloFin ZETA-USDT | −0.0501% | 4h | 0.05929 | +0.375% | $391K | $1.3M | 50x | as long as short |
| Hyperliquid ZETA | −0.0281% | 1h | 0.05908 | +0.019% | $1.7M | $3.7M | 3x | as long as short |
Show all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +9.364% | $1K | $1K | 5.5x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05908 | +0.019% | $2.3M | $65.9M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.05910 | +0.053% | — | $7.8M | — | as long as short |
Binance ZETAUSDT
Gate ZETA_USDT
Kraken Futures PF_ZETAUSD
Bybit ZETAUSDT
Variational Omni ZETA
KuCoin ZETAUSDTM
MEXC ZETA_USDT
OKX ZETA-USDT-SWAP
BloFin ZETA-USDT
Hyperliquid ZETA
Injective ZETA/USDC PERP
Bitget ZETAUSDT
BingX ZETA-USDT