Funding you earn now, next payment 04:00 UTC−0.1110%/8h= −121.6% APRnext payment −$5.55 per $10,000 · paid last 24h +0.092%
Price spread now: KuCoin against Binance+0.742%7-day average +0.646% · you sell dearer than you buy
Net, funding: paid 7d − costs−$332as in the Funding arb table
Net, price: spread back to 7d avg − costs−$234as in the Price arb table
costs, in and out, $10k−$2442.439% of the position
Funding, last 7 days−0.876%−$88 on $10k
+Price spread, last 7 days−0.466%−$47 · spread now +0.742%, 7d avg +0.646%
=The price spread pays, funding is against you. KuCoin is 0.096% dearer against Binance than usual: you sell high and buy low (spread +0.742% now, against its 7-day average of +0.646%): +$10 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.876% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZILUSDT | 0.003638 | −0.0658 | get 0.0329% / 4h | 3h 57m | $4.5M | $11.0M | 25x |
| Short | KuCoin ZILUSDTM | 0.003665 | −0.1768 | pay 0.0884% / 4h | 3h 57m | $2.4M | $222K | 25x |
Binance ZILUSDT
KuCoin ZILUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$233.12
- Price spread: +0.742% → +0.646%
- $9.63
- Slippage, 4 orders
- −$221.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$467.41
- Costs to cover
- 2.439%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; KuCoin: live order book, 10 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, 13 min ago | 1.38 bp | 17.4 bp −$17 | 58.7 bp −$587 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 5.50 bp | 138.1 bp −$138 | 534.3 bp −$5,343 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZIL_USDT | −0.4394% | 4h | 0.003649 | +0.302% | $412K | $318K | 50x | as long as short |
| Kraken Futures PF_ZILUSD | −0.3481% | 1h | 0.003653 | +0.412% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTMshort | −0.1768% | 4h | 0.003665 | +0.742% | $2.4M | $222K | 25x | |
| Bybit ZILUSDT | −0.1712% | 8h | 0.003645 | +0.192% | $2.9M | $4.0M | 25x | as long as short |
| BingX ZIL-USDT | −0.1034% | 4h | 0.003644 | +0.165% | — | $2.5M | — | as long as short |
| OKX ZIL-USDT-SWAP | −0.0969% | 4h | 0.003645 | +0.192% | $1.0M | $2.9M | 20x | as long as short |
| Bitget ZILUSDT | −0.0872% | 4h | 0.003649 | +0.302% | $1.3M | $888K | 25x | as long as short |
| Aster ZILUSDT | −0.0823% | 4h | 0.003635 | −0.078% | $147K | $50K | 10x | as long as short |
| BloFin ZIL-USDT | −0.0692% | 4h | 0.003633 | −0.137% | $257K | $158K | 25x | as long as short |
| Binance ZILUSDTlong | −0.0658% | 4h | 0.003638 | long leg | $4.5M | $11.0M | 25x |
Gate ZIL_USDT
Kraken Futures PF_ZILUSD
Bybit ZILUSDT
BingX ZIL-USDT
OKX ZIL-USDT-SWAP
Bitget ZILUSDT
Aster ZILUSDT
BloFin ZIL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZIL_USDT | −0.0652% | 4h | 0.003636 | −0.055% | $2.4M | $858K | 125x | as long as short |
| Variational Omni ZIL | −0.0434% | 8h | 0.003623 | −0.426% | $16K | $26K | — | as long as short |
MEXC ZIL_USDT
Variational Omni ZIL