Funding you earn now, next payment 04:00 UTC+0.0471%/8h= +51.6% APRnext payment +$2.36 per $10,000 · paid last 24h +0.131%
Price spread now: BloFin against BingX−0.274%81s7-day average −0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$730.732% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 3 days (all we have)+0.093%+$9 · spread now −0.274%, 7d avg −0.130%
=Funding pays, the price is against you. BloFin is 0.144% cheaper against BingX than usual: you would sell low and buy high (spread −0.274% now, against its 7-day average of −0.130%). If the spread goes back, that is −$14 on $10k: about 24 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.087% in total) that is about 12 days. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.36 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 | 0.003653 | −0.1138 | get 0.0569% / 4h | 3h 39m | — | $2.5M | — |
| Short | BloFin ZIL-USDT | 0.003643 | −0.0667 | pay 0.0333% / 4h | 3h 39m | $258K | $157K | 25x |
BingX ZIL-USDT
BloFin ZIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $98.94
- Price spread: −0.274% → −0.130%
- −$14.37
- Slippage, 4 orders
- −$51.22
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $11.36
- Costs to cover
- 0.732%
- Break-even
- 6.2 days
Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 26 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, 5 min ago | 4.12 bp | 20.1 bp −$20 | 47.8 bp −$478 | 408.9 bp −$40.9K | 500.1 bp −$250.1K |
| Sell BloFin live order book, 26 min ago | 4.16 bp | 19.4 bp −$19 | 40.6 bp −$406 | 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 | −0.3475% | 1h | 0.003660 | +0.181% | $30K | $8K | 10x | as long as short |
| Gate ZIL_USDT | −0.3010% | 4h | 0.003659 | +0.164% | $415K | $324K | 50x | as long as short |
| KuCoin ZILUSDTM | −0.1852% | 4h | 0.003672 | +0.520% | $2.4M | $223K | 25x | as long as short |
| BingX ZIL-USDTlong | −0.1138% | 4h | 0.003653 | long leg | — | $2.5M | — | |
| Bybit ZILUSDT | −0.1098% | 8h | 0.003652 | −0.027% | $3.0M | $4.0M | 25x | as long as short |
| OKX ZIL-USDT-SWAP | −0.0943% | 4h | 0.003654 | +0.027% | $1.0M | $2.8M | 20x | as long as short |
| Aster ZILUSDT | −0.0847% | 4h | 0.003643 | −0.286% | $147K | $50K | 10x | as long as short |
| Bitget ZILUSDT | −0.0838% | 4h | 0.003654 | +0.027% | $1.3M | $890K | 25x | as long as short |
| Binance ZILUSDT | −0.0691% | 4h | 0.003645 | −0.214% | $4.5M | $10.9M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0686% | 4h | 0.003645 | −0.219% | $2.4M | $860K | 125x | as long as short |
Kraken Futures PF_ZILUSD
Gate ZIL_USDT
KuCoin ZILUSDTM
Bybit ZILUSDT
OKX ZIL-USDT-SWAP
Aster ZILUSDT
Bitget 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-USDTshort | −0.0667% | 4h | 0.003643 | −0.274% | $258K | $157K | 25x | |
| Variational Omni ZIL | −0.0503% | 8h | 0.003649 | −0.111% | $16K | $26K | — | as long as short |
Variational Omni ZIL