Funding you earn now, next payment 00:00 UTC−0.0489%/8h= −53.6% APRnext payment −$2.45 per $10,000 · paid last 24h +0.141%
Price spread now: Gate against Binance+0.221%7-day average +0.538% · you sell dearer than you buy
Net, funding: paid 7d − costs−$311as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$1811.812% of the position
Funding, last 7 days−1.299%−$130 on $10k
+Price spread, last 4 days (all we have)+0.308%+$31 · spread now +0.221%, 7d avg +0.538%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Gate is 0.317% cheaper against Binance than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.538%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZILUSDT | 0.003622 | −0.0573 | get 0.0286% / 4h | 32m 49s | $4.5M | $11.1M | 25x |
| Short | Gate ZIL_USDT | 0.003630 | −0.1062 | pay 0.0531% / 4h | 32m 49s | $411K | $325K | 50x |
Binance ZILUSDT
Gate ZIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$102.76
- Price spread: +0.221% → +0.538%
- −$31.72
- Slippage, 4 orders
- −$156.19
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$315.67
- Costs to cover
- 1.812%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Gate: live order book, 43 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, 7 min ago | 1.38 bp | 17.5 bp −$17 | 57.8 bp −$578 | doesn't fit | doesn't fit |
| Sell Gate live order book, 43 min ago | 2.76 bp | 75.4 bp −$75 | doesn't fit | 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 | −0.3224% | 1h | 0.003639 | +0.481% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.1818% | 4h | 0.003645 | +0.635% | $2.4M | $218K | 25x | as long as short |
| Gate ZIL_USDTshort | −0.1062% | 4h | 0.003630 | +0.221% | $411K | $325K | 50x | |
| OKX ZIL-USDT-SWAP | −0.0927% | 4h | 0.003630 | +0.221% | $1.0M | $2.9M | 20x | as long as short |
| BingX ZIL-USDT | −0.0886% | 4h | 0.003622 | 0.000% | — | $2.5M | — | as long as short |
| Bitget ZILUSDT | −0.0784% | 4h | 0.003624 | +0.055% | $1.2M | $830K | 25x | as long as short |
| Aster ZILUSDT | −0.0659% | 4h | 0.003618 | −0.121% | $146K | $50K | 10x | as long as short |
| Binance ZILUSDTlong | −0.0573% | 4h | 0.003622 | long leg | $4.5M | $11.1M | 25x | |
| MEXC ZIL_USDT | −0.0570% | 4h | 0.003623 | +0.028% | $2.4M | $878K | 125x | as long as short |
| BloFin ZIL-USDT | −0.0569% | 4h | 0.003612 | −0.276% | $256K | $157K | 25x | as long as short |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
OKX ZIL-USDT-SWAP
BingX ZIL-USDT
Bitget ZILUSDT
Aster ZILUSDT
MEXC ZIL_USDT
BloFin ZIL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZILUSDT | −0.0478% | 8h | 0.003629 | +0.193% | $2.9M | $4.0M | 25x | as long as short |
| Variational Omni ZIL | −0.0427% | 8h | 0.003622 | −0.011% | $16K | $26K | — | as long as short |
Bybit ZILUSDT
Variational Omni ZIL