Funding you earn now, next payment 01:00 UTC−0.2081%/8h= −227.9% APRpaid last 24h −0.203%
Price spread now: MEXC against Injective−10.511%100s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$62 a day on $10k at the current rate, and MEXC is 10.511% cheaper against Injective than usual: you would sell low and buy high (−$1,051 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.1% a year). A funding rate is set anew for every payment. 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 | Injective ZETA/USDC PERP | 0.06460 | 0.0033 | pay 0.0004% / 1h | 1m 34s | $1K | $5K | 5.5x |
| Short | MEXC ZETA_USDT | 0.05781 | −0.2048 | pay 0.1024% / 4h | 3h 01m | $1.1M | $12.2M | 50x |
Injective ZETA/USDC PERP
MEXC ZETA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Injective. 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
- −$437.08
- Price spread: −10.511% → 0.000%
- −$1,051.08
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$1,492.18
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 2 min ago | 2.56 bp | 10.0 bp −$10 | 46.3 bp −$463 | 119.8 bp −$12.0K | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZETA_USDT | −0.2832% | 4h | 0.05787 | −10.418% | $594K | $10.2M | 25x | as long as short |
| Kraken Futures PF_ZETAUSD | −0.2790% | 1h | 0.05838 | −9.634% | $48K | $712K | 10x | as long as short |
| MEXC ZETA_USDTshort | −0.2048% | 4h | 0.05781 | −10.511% | $1.1M | $12.2M | 50x | |
| Binance ZETAUSDT | −0.2047% | 4h | 0.05793 | −10.325% | $8.1M | $332.6M | 50x | as long as short |
| BloFin ZETA-USDT | −0.2025% | 4h | 0.05855 | −9.365% | $392K | $1.2M | 50x | as long as short |
| OKX ZETA-USDT-SWAP | −0.1996% | 4h | 0.05779 | −10.542% | $1.1M | $49.7M | 20x | as long as short |
| BingX ZETA-USDT | −0.1942% | 4h | 0.05787 | −10.418% | — | $7.2M | — | as long as short |
| KuCoin ZETAUSDTM | −0.1916% | 4h | 0.05781 | −10.511% | $1.2M | $5.5M | 20x | as long as short |
| Variational Omni ZETA | −0.1529% | 4h | 0.05844 | −9.537% | $108K | $749K | — | as long as short |
| Bybit ZETAUSDT | −0.0994% | 4h | 0.05784 | −10.464% | $5.0M | $85.9M | 25x | as long as short |
Gate ZETA_USDT
Kraken Futures PF_ZETAUSD
Binance ZETAUSDT
BloFin ZETA-USDT
OKX ZETA-USDT-SWAP
BingX ZETA-USDT
KuCoin ZETAUSDTM
Variational Omni ZETA
Bybit ZETAUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid ZETA | −0.0485% | 1h | 0.05787 | −10.418% | $1.6M | $3.9M | 3x | as long as short |
| Injective ZETA/USDC PERPlong | +0.0033% | 1h | 0.06460 | long leg | $1K | $5K | 5.5x | |
| Bitget ZETAUSDT | +0.0100% | 4h | 0.05783 | −10.480% | $2.2M | $64.1M | 50x | as long as short |
Hyperliquid ZETA
Bitget ZETAUSDT