Funding arb · Price arb /

ZIL

all ZIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.2142%/8h= −234.5% APRpaid last 24h −0.666%

Price spread now: Kraken Futures against BingX+0.389%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.389% dearer against BingX than usual: you sell high and buy low (spread +0.389% now, against zero (this spread has no 7-day history yet)): +$39 on $10k if it goes back. Holding the pair costs −$64 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ZIL-USDT	0.003699	−0.1740	get 0.0870% / 4h	3h 30m	—	$2.5M	—
Short	Kraken Futures PF_ZILUSD	0.003713	−0.3882	pay 0.0485% / 1h	30m 42s	$30K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.389%Rate

Funding earned: −$449.73
Price spread: +0.389% → 0.000%: $38.9
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$430.84
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: BingX: live order book, 4 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 4 min ago	2.71 bp	18.6 bp −$19	45.3 bp −$453	419.8 bp −$42.0K	510.1 bp −$255.0K
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_ZILUSDshort	−0.3882%	1h	0.003713	+0.389%	$30K	$8K	10x
Gate ZIL_USDT	−0.3842%	4h	0.003710	+0.297%	$398K	$344K	50x	as long as short
KuCoin ZILUSDTM	−0.2586%	4h	0.003723	+0.649%	$2.4M	$212K	25x	as long as short
Bybit ZILUSDT	−0.1943%	8h	0.003701	+0.054%	$2.9M	$3.3M	25x	as long as short
BingX ZIL-USDTlong	−0.1740%	4h	0.003699	long leg	—	$2.5M	—
OKX ZIL-USDT-SWAP	−0.1656%	4h	0.003702	+0.081%	$1.0M	$2.7M	20x	as long as short
Variational Omni ZIL	−0.1331%	8h	0.003700	+0.037%	$16K	$22K	—	as long as short
Aster ZILUSDT	−0.1031%	4h	0.003690	−0.243%	$151K	$57K	10x	as long as short
Binance ZILUSDT	−0.1009%	4h	0.003693	−0.160%	$4.4M	$10.0M	25x	as long as short
MEXC ZIL_USDT	−0.1008%	4h	0.003696	−0.081%	$2.4M	$743K	125x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ZIL-USDT	−0.0954%	4h	0.003689	−0.270%	$259K	$146K	25x	as long as short
Bitget ZILUSDT	−0.0728%	4h	0.003699	0.000%	$1.3M	$837K	25x	as long as short