Funding you earn now, next payment 04:00 UTC−0.0501%/8h= −54.9% APRnext payment −$2.51 per $10,000 · paid last 24h −0.072%
Price spread now: BloFin against Bitget−0.191%55s7-day average −0.204% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as 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−$770.771% of the position
Funding, last 7 days−0.172%−$17 on $10k
+Price spread, last 4 days (all we have)+0.289%+$29 · spread now −0.191%, 7d avg −0.204%
=The price spread sits at its 7-day average of −0.204%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate. The two prices were read 55 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 -0.172% in total (about -9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.51 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 | Bitget ZILUSDT | 0.003670 | −0.0360 | get 0.0180% / 4h | 1h 42m | $1.3M | $850K | 25x |
| Short | BloFin ZIL-USDT | 0.003663 | −0.0861 | pay 0.0431% / 4h | 1h 42m | $258K | $152K | 25x |
Bitget ZILUSDT
BloFin ZIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$105.3
- Price spread: −0.191% → −0.204%
- $1.37
- Slippage, 4 orders
- −$53.07
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$181
- Costs to cover
- 0.771%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; BloFin: live order book, 79 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, 4 min ago | 1.37 bp | 19.4 bp −$19 | 100.2 bp −$1,002 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 79 min ago | 4.14 bp | 18.7 bp −$19 | 44.0 bp −$440 | 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 | −0.4047% | 1h | 0.003682 | +0.339% | $30K | $8K | 10x | as long as short |
| Gate ZIL_USDT | −0.2870% | 4h | 0.003677 | +0.191% | $400K | $339K | 50x | as long as short |
| KuCoin ZILUSDTM | −0.2602% | 4h | 0.003692 | +0.599% | $2.4M | $213K | 25x | as long as short |
| Bybit ZILUSDT | −0.1836% | 8h | 0.003673 | +0.082% | $2.9M | $3.5M | 25x | as long as short |
| BingX ZIL-USDT | −0.1658% | 4h | 0.003668 | −0.054% | — | $2.5M | — | as long as short |
| OKX ZIL-USDT-SWAP | −0.1371% | 4h | 0.003672 | +0.054% | $1.0M | $2.7M | 20x | as long as short |
| Variational Omni ZIL | −0.1010% | 8h | 0.003663 | −0.195% | $16K | $26K | — | as long as short |
| Aster ZILUSDT | −0.0935% | 4h | 0.003662 | −0.217% | $149K | $55K | 10x | as long as short |
| BloFin ZIL-USDTshort | −0.0861% | 4h | 0.003663 | −0.191% | $258K | $152K | 25x | |
| Binance ZILUSDT | −0.0861% | 4h | 0.003662 | −0.211% | $4.4M | $10.5M | 25x | as long as short |
Kraken Futures PF_ZILUSD
Gate ZIL_USDT
KuCoin ZILUSDTM
Bybit ZILUSDT
BingX ZIL-USDT
OKX ZIL-USDT-SWAP
Variational Omni ZIL
Aster ZILUSDT
Binance ZILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZIL_USDT | −0.0860% | 4h | 0.003663 | −0.191% | $2.5M | $809K | 125x | as long as short |
| Bitget ZILUSDTlong | −0.0360% | 4h | 0.003670 | long leg | $1.3M | $850K | 25x |
MEXC ZIL_USDT