Funding you earn now, next payment 08:00 UTC+0.0786%/8h= +86.1% APRnext payment +$3.93 per $10,000 · paid last 24h +0.072%
Price spread now: BingX against Gate+0.185%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$1141.139% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 7 days−0.265%−$27 · spread now +0.185%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and BingX is 0.174% dearer against Gate than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.012%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.93 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 | Gate ZETA_USDT | 0.05934 | −0.0686 | get 0.0343% / 4h | 3h 27m | $601K | $10.0M | 25x |
| Short | BingX ZETA-USDT | 0.05945 | 0.0100 | get 0.0050% / 4h | 3h 27m | — | $8.0M | — |
Gate ZETA_USDT
BingX ZETA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $165.06
- Price spread: +0.185% → +0.012%
- $17.38
- Slippage, 4 orders
- −$88.93
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $68.52
- Costs to cover
- 1.139%
- Break-even
- 4.1 days
Slippage from Gate: live order book, 1 min ago; BingX: live order book, 10 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 Gate live order book, 1 min ago | 8.43 bp | 44.0 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 4.22 bp | 17.7 bp −$18 | 50.1 bp −$501 | 311.3 bp −$31.1K | 773.4 bp −$386.7K |
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 | −0.0937% | 4h | 0.05934 | −0.001% | $112K | $730K | — | as long as short |
| Gate ZETA_USDTlong | −0.0686% | 4h | 0.05934 | long leg | $601K | $10.0M | 25x | |
| Kraken Futures PF_ZETAUSD | −0.0684% | 1h | 0.05934 | +0.004% | $48K | $728K | 10x | as long as short |
| KuCoin ZETAUSDTM | −0.0624% | 4h | 0.05941 | +0.118% | $1.2M | $5.7M | 20x | as long as short |
| OKX ZETA-USDT-SWAP | −0.0577% | 4h | 0.05940 | +0.101% | $1.2M | $53.4M | 20x | as long as short |
| Bybit ZETAUSDT | −0.0539% | 4h | 0.05932 | −0.034% | $5.0M | $93.5M | 25x | as long as short |
| BloFin ZETA-USDT | −0.0502% | 4h | 0.05943 | +0.152% | $391K | $1.4M | 50x | as long as short |
| Binance ZETAUSDT | −0.0492% | 4h | 0.05947 | +0.219% | $8.1M | $360.0M | 50x | as long as short |
| MEXC ZETA_USDT | −0.0492% | 4h | 0.05935 | +0.017% | $1.2M | $12.9M | 50x | as long as short |
| Injective ZETA/USDC PERP | +0.0033% | 1h | 0.06460 | +8.864% | $1K | $1K | 5.5x | as long as short |
Variational Omni ZETA
Kraken Futures PF_ZETAUSD
KuCoin ZETAUSDTM
OKX ZETA-USDT-SWAP
Bybit ZETAUSDT
BloFin ZETA-USDT
Binance ZETAUSDT
MEXC 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 | +0.0100% | 1h | 0.05942 | +0.135% | $1.7M | $3.8M | 3x | as long as short |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05947 | +0.219% | $2.3M | $69.8M | 50x | as long as short |
| BingX ZETA-USDTshort | +0.0100% | 4h | 0.05945 | +0.185% | — | $8.0M | — |
Hyperliquid ZETA
Bitget ZETAUSDT