Funding you earn now, next payment 12:00 UTC−0.0664%/8h= −72.7% APRnext payment −$3.32 per $10,000 · paid last 24h −0.256%
Price spread now: Gate against Bitget+0.055%7-day average −0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1131.126% of the position
Funding, last 7 days−0.231%−$23 on $10k
+Price spread, last 7 days−0.112%−$11 · spread now +0.055%, 7d avg −0.079%
=The price spread pays, funding is against you. Gate is 0.135% dearer against Bitget than usual: you sell high and buy low (spread +0.055% now, against its 7-day average of −0.079%): +$13 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.231% in total) that is about 4.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.231% in total (about -12.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.32 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ZETAUSDT | 0.05423 | −0.0342 | get 0.0171% / 4h | 10m 03s | $2.0M | $46.1M | 50x |
| Short | Gate ZETA_USDT | 0.05426 | −0.1006 | pay 0.0503% / 4h | 10m 03s | $494K | $5.9M | 25x |
Bitget ZETAUSDT
Gate ZETA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- −$139.44
- Price spread: +0.055% → −0.079%
- $13.48
- Slippage, 4 orders
- −$85.64
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$238.6
- Costs to cover
- 1.126%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 1 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, 2 min ago | 0.92 bp | 19.6 bp −$20 | 65.9 bp −$659 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 9.24 bp | 33.3 bp −$33 | 301.3 bp −$3,013 | doesn't fit | doesn't fit |
ZETA on 13 exchanges
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 | −0.3232% | 1h | 0.05417 | −0.107% | $53K | $472K | 10x | as long as short |
| Variational Omni ZETA | −0.1441% | 4h | 0.05412 | −0.203% | $99K | $390K | — | as long as short |
| Gate ZETA_USDTshort | −0.1006% | 4h | 0.05426 | +0.055% | $494K | $5.9M | 25x | |
| MEXC ZETA_USDT | −0.0936% | 4h | 0.05422 | −0.018% | $1.1M | $7.3M | 50x | as long as short |
| Binance ZETAUSDT | −0.0929% | 4h | 0.05428 | +0.092% | $6.4M | $230.0M | 50x | as long as short |
| BloFin ZETA-USDT | −0.0888% | 4h | 0.05413 | −0.184% | $306K | $960K | 50x | as long as short |
| Bybit ZETAUSDT | −0.0884% | 4h | 0.05426 | +0.055% | $4.2M | $61.9M | 25x | as long as short |
| KuCoin ZETAUSDTM | −0.0642% | 4h | 0.05428 | +0.092% | $784K | $3.5M | 20x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0528% | 4h | 0.05423 | 0.000% | $991K | $30.4M | 20x | as long as short |
| Bitget ZETAUSDTlong | −0.0342% | 4h | 0.05423 | long leg | $2.0M | $46.1M | 50x |
Kraken Futures PF_ZETAUSD
Variational Omni ZETA
MEXC ZETA_USDT
Binance ZETAUSDT
BloFin ZETA-USDT
Bybit ZETAUSDT
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAPShow all 13 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ZETA-USDT | −0.0246% | 4h | 0.05425 | +0.037% | — | $6.3M | — | as long as short |
| Hyperliquid ZETA | −0.0071% | 1h | 0.05424 | +0.018% | $1.4M | $2.8M | 3x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +19.122% | $1K | $1K | 5.5x | as long as short |
BingX ZETA-USDT
Hyperliquid ZETA
Injective ZETA/USDC PERP