Funding arb · Price arb /

ZIL

all ZIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0404%/8h= +44.3% APRpaid last 24h +0.200%

Price spread now: Bybit against BingX+0.083%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1081.082% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 7 days−0.106%−$11 · spread now +0.083%, 7d avg +0.035%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bybit is 0.048% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.035%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.103% in total (about 5.3% a year). A funding rate is set anew for every payment. 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	0.003624	−0.0886	get 0.0443% / 4h	33m 15s	—	$2.5M	—
Short	Bybit ZILUSDT	0.003627	−0.0482	pay 0.0482% / 8h	33m 15s	$2.9M	$4.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now +0.083%Rate

Funding earned: $84.87
Price spread: +0.083% → +0.035%: $4.81
Slippage, 4 orders: −$87.17
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$18.49
Costs to cover: 1.082%
Break-even: 8.5 days

Slippage from BingX: live order book, 1 min ago; Bybit: live order book, 4 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	2.77 bp	18.2 bp −$18	48.9 bp −$489	421.3 bp −$42.1K	510.9 bp −$255.4K
Sell Bybit live order book, 4 min ago	2.76 bp	34.8 bp −$35	102.3 bp −$1,023	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	+0.425%	$30K	$8K	10x	as long as short
KuCoin ZILUSDTM	−0.1818%	4h	0.003645	+0.579%	$2.4M	$218K	25x	as long as short
Gate ZIL_USDT	−0.1062%	4h	0.003627	+0.083%	$410K	$325K	50x	as long as short
OKX ZIL-USDT-SWAP	−0.0938%	4h	0.003625	+0.028%	$1.0M	$2.9M	20x	as long as short
BingX ZIL-USDTlong	−0.0886%	4h	0.003624	long leg	—	$2.5M	—
Bitget ZILUSDT	−0.0784%	4h	0.003624	0.000%	$1.2M	$829K	25x	as long as short
Aster ZILUSDT	−0.0656%	4h	0.003617	−0.199%	$146K	$50K	10x	as long as short
Binance ZILUSDT	−0.0570%	4h	0.003619	−0.137%	$4.4M	$11.1M	25x	as long as short
BloFin ZIL-USDT	−0.0569%	4h	0.003612	−0.331%	$256K	$157K	25x	as long as short
MEXC ZIL_USDT	−0.0566%	4h	0.003620	−0.110%	$2.4M	$878K	125x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZILUSDTshort	−0.0482%	8h	0.003627	+0.083%	$2.9M	$4.0M	25x
Variational Omni ZIL	−0.0427%	8h	0.003622	−0.067%	$16K	$26K	—	as long as short