Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h +0.104%
Price spread now: Bitget against Binance+0.156%7-day average +0.222% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$830.831% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 4 days (all we have)−0.321%−$32 · spread now +0.156%, 7d avg +0.222%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.066% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.222%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.212%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZILUSDT | 0.003607 | −0.0466 | get 0.0233% / 4h | 1h 55m | $4.4M | $11.2M | 25x |
| Short | Bitget ZILUSDT | 0.003613 | −0.0566 | pay 0.0283% / 4h | 1h 55m | $1.2M | $853K | 25x |
Binance ZILUSDT
Bitget ZILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$20.9
- Price spread: +0.156% → +0.222%
- −$6.6
- Slippage, 4 orders
- −$61.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$110.58
- Costs to cover
- 0.831%
- Break-even
- never at this rate
Slippage from Binance: live order book, 15 min ago; Bitget: live order book, 1 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 Binance live order book, 15 min ago | 1.39 bp | 18.0 bp −$18 | 61.9 bp −$619 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.77 bp | 26.2 bp −$26 | 99.9 bp −$999 | doesn't fit | doesn't fit |
ZIL on 12 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_ZILUSD | −0.2974% | 1h | 0.003625 | +0.475% | $29K | $8K | 10x | as long as short |
| Gate ZIL_USDT | −0.2370% | 4h | 0.003622 | +0.405% | $415K | $323K | 50x | as long as short |
| KuCoin ZILUSDTM | −0.1878% | 4h | 0.003635 | +0.766% | $2.4M | $221K | 25x | as long as short |
| OKX ZIL-USDT-SWAP | −0.0616% | 4h | 0.003616 | +0.239% | $1.0M | $2.9M | 20x | as long as short |
| BingX ZIL-USDT | −0.0584% | 4h | 0.003616 | +0.239% | — | $2.5M | — | as long as short |
| Bitget ZILUSDTshort | −0.0566% | 4h | 0.003613 | +0.156% | $1.2M | $853K | 25x | |
| Bybit ZILUSDT | −0.0561% | 8h | 0.003615 | +0.211% | $2.9M | $4.1M | 25x | as long as short |
| Aster ZILUSDT | −0.0512% | 4h | 0.003607 | −0.017% | $145K | $50K | 10x | as long as short |
| Binance ZILUSDTlong | −0.0466% | 4h | 0.003607 | long leg | $4.4M | $11.2M | 25x | |
| MEXC ZIL_USDT | −0.0466% | 4h | 0.003608 | +0.017% | $2.4M | $898K | 125x | as long as short |
Kraken Futures PF_ZILUSD
Gate ZIL_USDT
KuCoin ZILUSDTM
OKX ZIL-USDT-SWAP
BingX ZIL-USDT
Bybit ZILUSDT
Aster ZILUSDT
MEXC ZIL_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZIL-USDT | −0.0450% | 4h | 0.003608 | +0.017% | $255K | $159K | 25x | as long as short |
| Variational Omni ZIL | −0.0422% | 8h | 0.003612 | +0.133% | $16K | $26K | — | as long as short |
BloFin ZIL-USDT
Variational Omni ZIL