Funding you earn now, next payment 08:00 UTC+0.1020%/8h= +111.7% APRnext payment +$5.10 per $10,000 · paid last 24h +0.186%
Price spread now: Bitget against BingX−0.027%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$840.843% of the position
Funding, last 7 days+0.337%+$34 on $10k
+Price spread, last 7 days−0.110%−$11 · spread now −0.027%, 7d avg +0.009%
=Funding pays, the price is against you. Bitget is 0.036% cheaper against BingX than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.009%). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$31 a day). At the pace of the last 7 days (+0.337% in total) that is about 18 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.337% in total (about 17.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.10 per $10,000. 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 | BingX ZIL-USDT | 0.003695 | −0.1734 | get 0.0867% / 4h | 3h 33m | — | $2.5M | — |
| Short | Bitget ZILUSDT | 0.003694 | −0.0714 | pay 0.0357% / 4h | 3h 33m | $1.3M | $837K | 25x |
BingX ZIL-USDT
Bitget ZILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- $214.2
- Price spread: −0.027% → +0.009%
- −$3.6
- Slippage, 4 orders
- −$62.29
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $126.31
- Costs to cover
- 0.843%
- Break-even
- 2.9 days
Slippage from BingX: live order book, 1 min ago; Bitget: live order book, 3 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 BingX live order book, 1 min ago | 2.71 bp | 18.6 bp −$19 | 45.3 bp −$453 | 419.8 bp −$42.0K | 510.1 bp −$255.0K |
| Sell Bitget live order book, 3 min ago | 1.36 bp | 18.3 bp −$18 | 104.6 bp −$1,046 | 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 | −0.3891% | 1h | 0.003705 | +0.263% | $30K | $8K | 10x | as long as short |
| Gate ZIL_USDT | −0.3860% | 4h | 0.003704 | +0.244% | $397K | $344K | 50x | as long as short |
| KuCoin ZILUSDTM | −0.2590% | 4h | 0.003718 | +0.622% | $2.4M | $212K | 25x | as long as short |
| Bybit ZILUSDT | −0.1937% | 8h | 0.003694 | −0.027% | $2.9M | $3.3M | 25x | as long as short |
| BingX ZIL-USDTlong | −0.1734% | 4h | 0.003695 | long leg | — | $2.5M | — | |
| OKX ZIL-USDT-SWAP | −0.1659% | 4h | 0.003698 | +0.081% | $1.0M | $2.7M | 20x | as long as short |
| Variational Omni ZIL | −0.1315% | 8h | 0.003692 | −0.085% | $16K | $22K | — | as long as short |
| Aster ZILUSDT | −0.1021% | 4h | 0.003698 | +0.072% | $151K | $57K | 10x | as long as short |
| Binance ZILUSDT | −0.1001% | 4h | 0.003687 | −0.217% | $4.4M | $10.0M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0992% | 4h | 0.003687 | −0.217% | $2.4M | $743K | 125x | as long as short |
Kraken Futures PF_ZILUSD
Gate ZIL_USDT
KuCoin ZILUSDTM
Bybit ZILUSDT
OKX ZIL-USDT-SWAP
Variational Omni ZIL
Aster ZILUSDT
Binance ZILUSDT
MEXC ZIL_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZIL-USDT | −0.0946% | 4h | 0.003686 | −0.244% | $259K | $146K | 25x | as long as short |
| Bitget ZILUSDTshort | −0.0714% | 4h | 0.003694 | −0.027% | $1.3M | $837K | 25x |
BloFin ZIL-USDT