Funding you earn now, next payment 00:00 UTC−0.0324%/8h= −35.5% APRnext payment −$1.62 per $10,000 · paid last 24h −0.085%
Price spread now: OKX against Binance+0.236%7-day average +0.424% · you sell dearer than you buy
Net, funding: paid 7d − costs−$323as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$830.828% of the position
Funding, last 7 days−2.403%−$240 on $10k
+Price spread, last 7 days+1.149%+$115 · spread now +0.236%, 7d avg +0.424%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and OKX is 0.188% cheaper against Binance than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.424%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZILUSDT | 0.003622 | −0.0647 | get 0.0323% / 4h | 0m 00s | $4.4M | $11.0M | 25x |
| Short | OKX ZIL-USDT-SWAP | 0.003631 | −0.0971 | pay 0.0485% / 4h | 0m 00s | $1.0M | $2.9M | 20x |
Binance ZILUSDT
OKX ZIL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$68.02
- Price spread: +0.236% → +0.424%
- −$18.8
- Slippage, 4 orders
- −$62.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$169.61
- Costs to cover
- 0.828%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; OKX: live order book, 2 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, 10 min ago | 1.38 bp | 17.4 bp −$17 | 58.7 bp −$587 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.38 bp | 25.3 bp −$25 | 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 | −0.3221% | 1h | 0.003642 | +0.542% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.1752% | 4h | 0.003654 | +0.871% | $2.4M | $220K | 25x | as long as short |
| Gate ZIL_USDT | −0.1030% | 4h | 0.003635 | +0.346% | $411K | $328K | 50x | as long as short |
| OKX ZIL-USDT-SWAPshort | −0.0971% | 4h | 0.003631 | +0.236% | $1.0M | $2.9M | 20x | |
| BingX ZIL-USDT | −0.0934% | 4h | 0.003627 | +0.126% | — | $2.5M | — | as long as short |
| Bitget ZILUSDT | −0.0876% | 4h | 0.003628 | +0.153% | $1.3M | $871K | 25x | as long as short |
| Aster ZILUSDT | −0.0829% | 4h | 0.003622 | −0.009% | $146K | $50K | 10x | as long as short |
| Binance ZILUSDTlong | −0.0647% | 4h | 0.003622 | long leg | $4.4M | $11.0M | 25x | |
| MEXC ZIL_USDT | −0.0646% | 4h | 0.003623 | +0.015% | $2.4M | $882K | 125x | as long as short |
| BloFin ZIL-USDT | −0.0621% | 4h | 0.003619 | −0.095% | $256K | $157K | 25x | as long as short |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Gate ZIL_USDT
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 | −0.0479% | 8h | 0.003631 | +0.236% | $2.9M | $4.0M | 25x | as long as short |
| Variational Omni ZIL | −0.0434% | 8h | 0.003623 | +0.002% | $16K | $26K | — | as long as short |
Bybit ZILUSDT
Variational Omni ZIL