ZETA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0109%/8h= +11.9% APRnext payment +$0.55 per $10,000 · paid last 24h +0.044%

Price spread now: BloFin against Gate−0.261%63s7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as 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−$1261.255% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)+0.436%+$44 · spread now −0.261%, 7d avg −0.092%

Together, before fees+0.485%+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.169% cheaper against Gate than usual: you would sell low and buy high (spread −0.261% now, against its 7-day average of −0.092%). If the spread goes back, that is −$17 on $10k: about 5.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.050% in total) that is about 24 days. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZETA_USDT	0.06125	−0.1090	get 0.0545% / 4h	16m 04s	$625K	$11.2M	25x
Short	BloFin ZETA-USDT	0.06109	−0.0981	pay 0.0490% / 4h	16m 04s	$419K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee BloFinbpOrdersPrice spread, now −0.261%Rate

Funding earned: $22.9
Price spread: −0.261% → −0.092%: −$16.9
Slippage, 4 orders: −$98.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$119.52
Costs to cover: 1.255%
Break-even: 43.5 days

Slippage from Gate: live order book, 2 min ago; BloFin: 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 Gate live order book, 2 min ago	5.73 bp	42.0 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	8.19 bp	20.7 bp −$21	65.9 bp −$659	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	0.06122	−0.041%	$51K	$736K	10x	as long as short
KuCoin ZETAUSDTM	−0.1288%	4h	0.06123	−0.033%	$1.3M	$6.1M	20x	as long as short
Variational Omni ZETA	−0.1188%	4h	0.06119	−0.091%	$119K	$780K	—	as long as short
OKX ZETA-USDT-SWAP	−0.1157%	4h	0.06120	−0.082%	$1.3M	$59.9M	20x	as long as short
Gate ZETA_USDTlong	−0.1090%	4h	0.06125	long leg	$625K	$11.2M	25x
BloFin ZETA-USDTshort	−0.0981%	4h	0.06109	−0.261%	$419K	$1.4M	50x
Binance ZETAUSDT	−0.0923%	4h	0.06132	+0.114%	$8.5M	$380.2M	50x	as long as short
MEXC ZETA_USDT	−0.0922%	4h	0.06128	+0.049%	$1.3M	$13.0M	50x	as long as short
Bybit ZETAUSDT	−0.0754%	4h	0.06125	0.000%	$5.3M	$97.8M	25x	as long as short
Injective ZETA/USDC PERP	+0.0033%	1h	0.06460	+5.469%	$1K	$3K	5.5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid ZETA	+0.0087%	1h	0.06124	−0.016%	$1.7M	$4.2M	3x	as long as short
Bitget ZETAUSDT	+0.0100%	4h	0.06129	+0.065%	$2.5M	$74.2M	50x	as long as short
BingX ZETA-USDT	+0.0100%	4h	0.06124	−0.016%	—	$8.1M	—	as long as short