Funding you earn now, next payment 08:00 UTC−0.0550%/8h= −60.2% APRnext payment −$2.75 per $10,000 · paid last 24h −0.135%
Price spread now: MEXC against Bitget+0.100%7-day average −0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$710.710% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 7 days−0.190%−$19 · spread now +0.100%, 7d avg −0.071%
=The price spread pays, funding is against you. MEXC is 0.171% dearer against Bitget than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of −0.071%): +$17 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.114% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.75 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 | 3h 21m | $2.3M | $69.3M | 50x |
| Short | MEXC ZETA_USDT | 0.05998 | −0.0450 | pay 0.0225% / 4h | 3h 21m | $1.2M | $12.9M | 50x |
Bitget ZETAUSDT
MEXC ZETA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$115.5
- Price spread: +0.100% → −0.071%
- $17.15
- Slippage, 4 orders
- −$54.98
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$169.34
- Costs to cover
- 0.710%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; MEXC: 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 Bitget live order book, 2 min ago | 3.34 bp | 20.7 bp −$21 | 96.2 bp −$962 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 4.18 bp | 12.1 bp −$12 | 64.9 bp −$649 | 133.8 bp −$13.4K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZETA | −0.0906% | 4h | 0.05901 | −1.512% | $112K | $729K | — | as long as short |
| Gate ZETA_USDT | −0.0762% | 4h | 0.06001 | +0.150% | $626K | $10.0M | 25x | as long as short |
| Kraken Futures PF_ZETAUSD | −0.0681% | 1h | 0.05959 | −0.558% | $53K | $732K | 10x | as long as short |
| KuCoin ZETAUSDTM | −0.0546% | 4h | 0.06007 | +0.250% | $1.2M | $5.7M | 20x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0535% | 4h | 0.05988 | −0.067% | $1.2M | $53.5M | 20x | as long as short |
| BloFin ZETA-USDT | −0.0522% | 4h | 0.05994 | +0.033% | $396K | $1.4M | 50x | as long as short |
| Bybit ZETAUSDT | −0.0484% | 4h | 0.05993 | +0.017% | $5.1M | $93.0M | 25x | as long as short |
| Binance ZETAUSDT | −0.0452% | 4h | 0.05996 | +0.073% | $8.2M | $357.8M | 50x | as long as short |
| MEXC ZETA_USDTshort | −0.0450% | 4h | 0.05998 | +0.100% | $1.2M | $12.9M | 50x | |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +7.810% | $1K | $1K | 5.5x | as long as short |
Variational Omni ZETA
Gate ZETA_USDT
Kraken Futures PF_ZETAUSD
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAP
BloFin ZETA-USDT
Bybit ZETAUSDT
Binance ZETAUSDT
Injective ZETA/USDC PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETA | +0.0100% | 1h | 0.05991 | −0.017% | $1.7M | $3.7M | 3x | as long as short |
| Bitget ZETAUSDTlong | +0.0100% | 4h | 0.05992 | long leg | $2.3M | $69.3M | 50x | |
| BingX ZETA-USDT | +0.0100% | 4h | 0.06005 | +0.217% | — | $7.9M | — | as long as short |
Hyperliquid ZETA
BingX ZETA-USDT