Funding you earn now, next payment 04:00 UTC−0.0369%/8h= −40.4% APRnext payment −$1.84 per $10,000 · paid last 24h −0.035%
Price spread now: Gate against Bybit+0.098%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1361.359% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 7 days−0.028%−$3 · spread now +0.098%, 7d avg −0.004%
=The price spread pays, funding is against you. Gate is 0.102% dearer against Bybit than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of −0.004%): +$10 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.029% in total) that is about 24 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.84 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 | Bybit ZETAUSDT | 0.06121 | −0.0759 | get 0.0380% / 4h | 20m 17s | $5.3M | $97.7M | 25x |
| Short | Gate ZETA_USDT | 0.06127 | −0.1128 | pay 0.0564% / 4h | 20m 17s | $628K | $11.2M | 25x |
Bybit ZETAUSDT
Gate ZETA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- −$77.46
- Price spread: +0.098% → −0.004%
- $10.21
- Slippage, 4 orders
- −$109.87
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$203.11
- Costs to cover
- 1.359%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Gate: 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 Bybit live order book, 4 min ago | 0.82 bp | 21.0 bp −$21 | 117.9 bp −$1,179 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 9.02 bp | 48.9 bp −$49 | 550.6 bp −$5,506 | 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 | −0.2291% | 1h | 0.06123 | +0.032% | $51K | $736K | 10x | as long as short |
| KuCoin ZETAUSDTM | −0.1358% | 4h | 0.06126 | +0.082% | $1.3M | $6.1M | 20x | as long as short |
| Variational Omni ZETA | −0.1238% | 4h | 0.06142 | +0.349% | $120K | $780K | — | as long as short |
| OKX ZETA-USDT-SWAP | −0.1212% | 4h | 0.06120 | −0.016% | $1.3M | $59.9M | 20x | as long as short |
| Gate ZETA_USDTshort | −0.1128% | 4h | 0.06127 | +0.098% | $628K | $11.2M | 25x | |
| MEXC ZETA_USDT | −0.0960% | 4h | 0.06125 | +0.065% | $1.3M | $13.0M | 50x | as long as short |
| Binance ZETAUSDT | −0.0944% | 4h | 0.06126 | +0.082% | $8.5M | $379.8M | 50x | as long as short |
| BloFin ZETA-USDT | −0.0935% | 4h | 0.06166 | +0.735% | $459K | $1.4M | 50x | as long as short |
| Bybit ZETAUSDTlong | −0.0759% | 4h | 0.06121 | long leg | $5.3M | $97.7M | 25x | |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +5.538% | $1K | $3K | 5.5x | as long as short |
Kraken Futures PF_ZETAUSD
KuCoin ZETAUSDTM
Variational Omni ZETA
OKX ZETA-USDT-SWAP
MEXC ZETA_USDT
Binance ZETAUSDT
BloFin ZETA-USDT
Injective ZETA/USDC PERPShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETA | +0.0064% | 1h | 0.06110 | −0.180% | $1.7M | $4.2M | 3x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.06128 | +0.114% | $2.5M | $74.0M | 50x | as long as short |
| BingX ZETA-USDT | +0.0100% | 4h | 0.06124 | +0.049% | — | $8.1M | — | as long as short |
Hyperliquid ZETA
Bitget ZETAUSDT
BingX ZETA-USDT