Funding you earn now, next payment 00:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.68 per $10,000 · paid last 24h −0.104%
Price spread now: Binance against Bitget−0.166%7-day average −0.222% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$880.877% of the position
Funding, last 7 days−0.212%−$21 on $10k
+Price spread, last 4 days (all we have)+0.332%+$33 · spread now −0.166%, 7d avg −0.222%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.056% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.222%. Mind the row above: over the last 7 days funding on this pair cost −0.212%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ZILUSDT | 0.003612 | −0.0544 | get 0.0272% / 4h | 2h 14m | $1.2M | $849K | 25x |
| Short | Binance ZILUSDT | 0.003606 | −0.0408 | pay 0.0204% / 4h | 2h 14m | $4.4M | $11.3M | 25x |
Bitget ZILUSDT
Binance ZILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $28.59
- Price spread: −0.166% → −0.222%
- $5.56
- Slippage, 4 orders
- −$65.66
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$53.51
- Costs to cover
- 0.877%
- Break-even
- 20.1 days
Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 10 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 Bitget live order book, 2 min ago | 5.54 bp | 27.7 bp −$28 | 91.2 bp −$912 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.38 bp | 23.3 bp −$23 | 76.2 bp −$762 | 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 | −0.3740% | 1h | 0.003632 | +0.540% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.1944% | 4h | 0.003636 | +0.664% | $2.4M | $220K | 25x | as long as short |
| Gate ZIL_USDT | −0.1484% | 4h | 0.003615 | +0.083% | $411K | $323K | 50x | as long as short |
| Bybit ZILUSDT | −0.0565% | 8h | 0.003610 | −0.055% | $2.9M | $4.1M | 25x | as long as short |
| Bitget ZILUSDTlong | −0.0544% | 4h | 0.003612 | long leg | $1.2M | $849K | 25x | |
| OKX ZIL-USDT-SWAP | −0.0505% | 4h | 0.003611 | −0.028% | $1.1M | $2.9M | 20x | as long as short |
| BingX ZIL-USDT | −0.0502% | 4h | 0.003612 | 0.000% | — | $2.5M | — | as long as short |
| Aster ZILUSDT | −0.0481% | 4h | 0.003610 | −0.055% | $146K | $49K | 10x | as long as short |
| BloFin ZIL-USDT | −0.0419% | 4h | 0.003605 | −0.194% | $258K | $158K | 25x | as long as short |
| Binance ZILUSDTshort | −0.0408% | 4h | 0.003606 | −0.166% | $4.4M | $11.3M | 25x |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Gate ZIL_USDT
Bybit ZILUSDT
OKX ZIL-USDT-SWAP
BingX ZIL-USDT
Aster ZILUSDT
BloFin ZIL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZIL_USDT | −0.0404% | 4h | 0.003605 | −0.194% | $2.5M | $926K | 125x | as long as short |
| Variational Omni ZIL | −0.0393% | 8h | 0.003611 | −0.032% | $16K | $26K | — | as long as short |
MEXC ZIL_USDT
Variational Omni ZIL