Funding you earn now, next payment 08:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.27 per $10,000 · paid last 24h +0.001%
Price spread now: BloFin against Binance−0.149%71s7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as 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−$760.761% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.149%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.170% cheaper against Binance than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.021%). Swap the legs. The two prices were read 71 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 | Binance ZILUSDT | 0.003617 | −0.0912 | get 0.0456% / 4h | 2h 20m | $4.3M | $10.1M | 25x |
| Short | BloFin ZIL-USDT | 0.003612 | −0.0966 | pay 0.0483% / 4h | 2h 20m | $251K | $141K | 25x |
Binance ZILUSDT
BloFin ZIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$11.37
- Price spread: −0.149% → +0.021%
- −$16.99
- Slippage, 4 orders
- −$54.12
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$104.47
- Costs to cover
- 0.761%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; BloFin: live order book, 62 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, 5 min ago | 1.39 bp | 20.4 bp −$20 | 70.4 bp −$704 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 62 min ago | 4.08 bp | 19.0 bp −$19 | 40.7 bp −$407 | 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 | −0.3588% | 1h | 0.003631 | +0.376% | $30K | $7K | 10x | as long as short |
| Gate ZIL_USDT | −0.3312% | 4h | 0.003631 | +0.376% | $385K | $341K | 50x | as long as short |
| KuCoin ZILUSDTM | −0.2414% | 4h | 0.003641 | +0.652% | $2.4M | $213K | 25x | as long as short |
| Bybit ZILUSDT | −0.1619% | 8h | 0.003622 | +0.127% | $2.8M | $3.2M | 25x | as long as short |
| BingX ZIL-USDT | −0.1474% | 4h | 0.003619 | +0.044% | — | $2.5M | — | as long as short |
| Variational Omni ZIL | −0.1278% | 8h | 0.003611 | −0.167% | $16K | $22K | — | as long as short |
| OKX ZIL-USDT-SWAP | −0.1201% | 4h | 0.003626 | +0.238% | $1.0M | $2.6M | 20x | as long as short |
| BloFin ZIL-USDTshort | −0.0966% | 4h | 0.003612 | −0.149% | $251K | $141K | 25x | |
| Binance ZILUSDTlong | −0.0912% | 4h | 0.003617 | long leg | $4.3M | $10.1M | 25x | |
| MEXC ZIL_USDT | −0.0912% | 4h | 0.003615 | −0.066% | $2.4M | $746K | 125x | as long as short |
Kraken Futures PF_ZILUSD
Gate ZIL_USDT
KuCoin ZILUSDTM
Bybit ZILUSDT
BingX ZIL-USDT
Variational Omni ZIL
OKX ZIL-USDT-SWAP
MEXC ZIL_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZILUSDT | −0.0862% | 4h | 0.003600 | −0.469% | $147K | $52K | 10x | as long as short |
| Bitget ZILUSDT | −0.0508% | 4h | 0.003623 | +0.155% | $1.2M | $808K | 25x | as long as short |
Aster ZILUSDT
Bitget ZILUSDT