Funding arb · Price arb /

ZIL

all ZIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0218%/8h= −23.9% APRpaid last 24h +0.090%

Price spread now: Bybit against Binance+0.222%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1441.439% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days−0.329%−$33 · spread now +0.222%, 7d avg +0.115%

Together, before fees−0.271%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.107% dearer against Binance than usual: you sell high and buy low (spread +0.222% now, against its 7-day average of +0.115%): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 39 hours. Mind the row above: over the last 7 days funding on this pair paid +0.058%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% 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	Binance ZILUSDT	0.003602	−0.0374	get 0.0187% / 4h	2h 38m	$4.4M	$11.3M	25x
Short	Bybit ZILUSDT	0.003610	−0.0592	pay 0.0592% / 8h	2h 38m	$2.9M	$4.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BinancebpFee BybitbpOrdersPrice spread, now +0.222%Rate

Funding earned: −$45.85
Price spread: +0.222% → +0.115%: $10.67
Slippage, 4 orders: −$122.9
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$179.08
Costs to cover: 1.439%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Bybit: live order book, 4 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, 2 min ago	1.39 bp	21.3 bp −$21	78.4 bp −$784	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.16 bp	49.2 bp −$49	110.9 bp −$1,109	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	−0.3745%	1h	0.003626	+0.662%	$29K	$8K	10x	as long as short
KuCoin ZILUSDTM	−0.2000%	4h	0.003627	+0.694%	$2.4M	$219K	25x	as long as short
Gate ZIL_USDT	−0.0814%	4h	0.003619	+0.472%	$413K	$322K	50x	as long as short
Bybit ZILUSDTshort	−0.0592%	8h	0.003610	+0.222%	$2.9M	$4.1M	25x
Bitget ZILUSDT	−0.0588%	4h	0.003604	+0.056%	$1.2M	$858K	25x	as long as short
BingX ZIL-USDT	−0.0562%	4h	0.003608	+0.167%	—	$2.5M	—	as long as short
OKX ZIL-USDT-SWAP	−0.0479%	4h	0.003608	+0.167%	$1.1M	$2.9M	20x	as long as short
Variational Omni ZIL	−0.0396%	8h	0.003609	+0.181%	$16K	$28K	—	as long as short
Aster ZILUSDT	−0.0390%	4h	0.003601	−0.026%	$145K	$49K	10x	as long as short
Binance ZILUSDTlong	−0.0374%	4h	0.003602	long leg	$4.4M	$11.3M	25x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ZIL_USDT	−0.0372%	4h	0.003602	0.000%	$2.5M	$921K	125x	as long as short
BloFin ZIL-USDT	−0.0343%	4h	0.003602	0.000%	$258K	$158K	25x	as long as short