Funding arb · Price arb /

ZIL

all ZIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0293%/8h= +32.1% APRpaid last 24h −0.014%

Price spread now: Bybit against Bitget+0.111%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1121.116% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 4 days (all we have)+0.125%+$13 · spread now +0.111%, 7d avg +0.047%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bybit is 0.064% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.047%. Mind the row above: over the last 7 days funding on this pair cost −0.154%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.154% in total (about -8.0% 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	Bitget ZILUSDT	0.003613	−0.0776	get 0.0388% / 4h	35m 29s	$1.2M	$829K	25x
Short	Bybit ZILUSDT	0.003617	−0.0483	pay 0.0483% / 8h	35m 29s	$2.9M	$4.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.111%Rate

Funding earned: $61.54
Price spread: +0.111% → +0.047%: $6.38
Slippage, 4 orders: −$88.58
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$43.66
Costs to cover: 1.116%
Break-even: 12.0 days

Slippage from Bitget: live order book, 1 min ago; Bybit: 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 Bitget live order book, 1 min ago	1.38 bp	26.9 bp −$27	104.0 bp −$1,040	doesn't fit	doesn't fit
Sell Bybit live order book, 2 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	−0.3230%	1h	0.003632	+0.528%	$30K	$8K	10x	as long as short
KuCoin ZILUSDTM	−0.1830%	4h	0.003638	+0.692%	$2.4M	$218K	25x	as long as short
Gate ZIL_USDT	−0.1094%	4h	0.003621	+0.221%	$410K	$325K	50x	as long as short
OKX ZIL-USDT-SWAP	−0.0931%	4h	0.003615	+0.055%	$1.0M	$2.9M	20x	as long as short
BingX ZIL-USDT	−0.0886%	4h	0.003615	+0.055%	—	$2.5M	—	as long as short
Bitget ZILUSDTlong	−0.0776%	4h	0.003613	long leg	$1.2M	$829K	25x
Aster ZILUSDT	−0.0645%	4h	0.003610	−0.083%	$146K	$50K	10x	as long as short
Binance ZILUSDT	−0.0566%	4h	0.003610	−0.094%	$4.4M	$11.1M	25x	as long as short
MEXC ZIL_USDT	−0.0564%	4h	0.003611	−0.055%	$2.4M	$877K	125x	as long as short
BloFin ZIL-USDT	−0.0549%	4h	0.003614	+0.028%	$256K	$158K	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZILUSDTshort	−0.0483%	8h	0.003617	+0.111%	$2.9M	$4.0M	25x
Variational Omni ZIL	−0.0427%	8h	0.003622	+0.238%	$16K	$26K	—	as long as short