ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0631%/8h= −69.1% APRnext payment −$3.16 per $10,000 · paid last 24h −0.019%

Price spread now: BloFin against BingX+0.051%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$950.945% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now +0.051%, 7d avg −0.063%

Together, before fees+0.185%+$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.114% dearer against BingX than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of −0.063%): +$11 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 14 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.048% in total (about 2.5% 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	BingX ZETA-USDT	0.05907	0.0100	pay 0.0050% / 4h	2h 49m	—	$7.9M	—
Short	BloFin ZETA-USDT	0.05910	−0.0531	pay 0.0266% / 4h	2h 49m	$398K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BloFinbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$132.58
Price spread: +0.051% → −0.063%: $11.36
Slippage, 4 orders: −$72.51
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$215.72
Costs to cover: 0.945%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; BloFin: live order book, 3 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 BingX live order book, 9 min ago	3.32 bp	21.3 bp −$21	72.9 bp −$729	486.8 bp −$48.7K	770.8 bp −$385.4K
Sell BloFin live order book, 3 min ago	6.73 bp	37.2 bp −$37	66.9 bp −$669	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	−0.2817%	1h	0.05911	+0.072%	$53K	$728K	10x	as long as short
Variational Omni ZETA	−0.1195%	4h	0.05936	+0.499%	$112K	$695K	—	as long as short
Bybit ZETAUSDT	−0.1119%	4h	0.05903	−0.068%	$5.1M	$90.2M	25x	as long as short
Gate ZETA_USDT	−0.0728%	4h	0.05907	0.000%	$654K	$9.5M	25x	as long as short
BloFin ZETA-USDTshort	−0.0531%	4h	0.05910	+0.051%	$398K	$1.3M	50x
OKX ZETA-USDT-SWAP	−0.0517%	4h	0.05899	−0.135%	$1.2M	$50.0M	20x	as long as short
Binance ZETAUSDT	−0.0514%	4h	0.05909	+0.033%	$8.1M	$345.4M	50x	as long as short
MEXC ZETA_USDT	−0.0506%	4h	0.05905	−0.034%	$1.2M	$11.9M	50x	as long as short
KuCoin ZETAUSDTM	−0.0418%	4h	0.05932	+0.423%	$1.2M	$5.4M	20x	as long as short
Hyperliquid ZETA	−0.0219%	1h	0.05907	0.000%	$1.6M	$3.6M	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	+9.362%	$1K	$1K	5.5x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.05905	−0.034%	$2.3M	$66.7M	50x	as long as short
BingX ZETA-USDTlong	+0.0100%	4h	0.05907	long leg	—	$7.9M	—