Funding you earn now, next payment 04:00 UTC+0.0978%/8h= +107.1% APRnext payment +$4.89 per $10,000 · paid last 24h +0.130%
Price spread now: MEXC against BingX−0.165%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$640.640% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 7 days+0.149%+$15 · spread now −0.165%, 7d avg −0.076%
=Funding pays, the price is against you. MEXC is 0.089% cheaper against BingX than usual: you would sell low and buy high (spread −0.165% now, against its 7-day average of −0.076%). If the spread goes back, that is −$9 on $10k: about 7 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.090% in total) that is about 7.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.89 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 | 0.003643 | −0.1734 | get 0.0867% / 4h | 2h 50m | — | $2.5M | — |
| Short | MEXC ZIL_USDT | 0.003637 | −0.0756 | pay 0.0378% / 4h | 2h 50m | $2.4M | $827K | 125x |
BingX ZIL-USDT
MEXC ZIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $205.38
- Price spread: −0.165% → −0.076%
- −$8.91
- Slippage, 4 orders
- −$50.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $132.45
- Costs to cover
- 0.640%
- Break-even
- 2.5 days
Slippage from BingX: live order book, 14 min ago; MEXC: 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 BingX live order book, 14 min ago | 4.12 bp | 19.0 bp −$19 | 47.7 bp −$477 | 398.1 bp −$39.8K | 486.4 bp −$243.2K |
| Sell MEXC live order book, 2 min ago | 1.38 bp | 7.0 bp −$7 | 30.1 bp −$301 | 236.6 bp −$23.7K | 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 | −0.3614% | 1h | 0.003652 | +0.243% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.1980% | 4h | 0.003659 | +0.439% | $2.4M | $230K | 25x | as long as short |
| Bybit ZILUSDT | −0.1911% | 8h | 0.003639 | −0.110% | $2.9M | $3.7M | 25x | as long as short |
| BingX ZIL-USDTlong | −0.1734% | 4h | 0.003643 | long leg | — | $2.5M | — | |
| OKX ZIL-USDT-SWAP | −0.0993% | 4h | 0.003647 | +0.110% | $1.0M | $2.7M | 20x | as long as short |
| Aster ZILUSDT | −0.0908% | 4h | 0.003630 | −0.357% | $147K | $52K | 10x | as long as short |
| Gate ZIL_USDT | −0.0882% | 4h | 0.003649 | +0.165% | $396K | $343K | 50x | as long as short |
| Variational Omni ZIL | −0.0779% | 8h | 0.003632 | −0.304% | $16K | $26K | — | as long as short |
| Binance ZILUSDT | −0.0758% | 4h | 0.003634 | −0.247% | $4.4M | $10.6M | 25x | as long as short |
| MEXC ZIL_USDTshort | −0.0756% | 4h | 0.003637 | −0.165% | $2.4M | $827K | 125x |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Bybit ZILUSDT
OKX ZIL-USDT-SWAP
Aster ZILUSDT
Gate ZIL_USDT
Variational Omni ZIL
Binance ZILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZIL-USDT | −0.0730% | 4h | 0.003626 | −0.467% | $256K | $153K | 25x | as long as short |
| Bitget ZILUSDT | −0.0538% | 4h | 0.003644 | +0.027% | $1.3M | $874K | 25x | as long as short |
BloFin ZIL-USDT
Bitget ZILUSDT