ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0658%/8h= −72.1% APRnext payment −$3.29 per $10,000 · paid last 24h −0.010%

Price spread now: BloFin against Bitget+0.117%105s7-day average −0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$780.777% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 3 days (all we have)+0.151%+$15 · spread now +0.117%, 7d avg −0.110%

Together, before fees+0.165%+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.227% dearer against Bitget than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of −0.110%): +$23 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 28 hours. The two prices were read 105 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 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.29 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	Bitget ZETAUSDT	0.05992	0.0100	pay 0.0050% / 4h	1h 59m	$2.2M	$57.8M	50x
Short	BloFin ZETA-USDT	0.05999	−0.0558	pay 0.0279% / 4h	1h 59m	$407K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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 BitgetbpFee BloFinbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$138.24
Price spread: +0.117% → −0.110%: $22.68
Slippage, 4 orders: −$53.66
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$193.22
Costs to cover: 0.777%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago	1.66 bp	23.3 bp −$23	88.9 bp −$889	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	3.34 bp	16.2 bp −$16	40.7 bp −$407	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	−0.0930%	4h	0.05990	−0.033%	$599K	$9.5M	25x	as long as short
Hyperliquid ZETA	−0.0832%	1h	0.05987	−0.083%	$1.7M	$3.7M	3x	as long as short
BloFin ZETA-USDTshort	−0.0558%	4h	0.05999	+0.117%	$407K	$1.0M	50x
Binance ZETAUSDT	−0.0541%	4h	0.05984	−0.133%	$8.3M	$303.5M	50x	as long as short
MEXC ZETA_USDT	−0.0540%	4h	0.05983	−0.150%	$1.5M	$11.6M	50x	as long as short
KuCoin ZETAUSDTM	−0.0536%	4h	0.05998	+0.100%	$1.1M	$5.1M	20x	as long as short
BingX ZETA-USDT	−0.0498%	4h	0.05987	−0.083%	—	$6.7M	—	as long as short
Kraken Futures PF_ZETAUSD	−0.0428%	1h	0.06000	+0.140%	$66K	$631K	10x	as long as short
OKX ZETA-USDT-SWAP	−0.0313%	4h	0.05980	−0.200%	$1.1M	$45.9M	20x	as long as short
Variational Omni ZETA	−0.0209%	4h	0.05991	−0.013%	$139K	$703K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZETAUSDT	−0.0007%	4h	0.05979	−0.217%	$5.3M	$78.2M	25x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+7.810%	$1K	$5K	5.5x	as long as short
Bitget ZETAUSDTlong	+0.0100%	4h	0.05992	long leg	$2.2M	$57.8M	50x