Funding you earn now, next payment 04:00 UTC−0.2110%/8h= −231.0% APRnext payment −$10.55 per $10,000 · paid last 24h +0.030%
Price spread now: Gate against Bitget+0.082%7-day average +0.314% · you sell dearer than you buy
Net, funding: paid 7d − costs−$340as in the Funding arb table
Net, price: spread back to 7d avg − costs−$222as in the Price arb table
costs, in and out, $10k−$1991.989% of the position
Funding, last 7 days−1.409%−$141 on $10k
+Price spread, last 4 days (all we have)+0.484%+$48 · spread now +0.082%, 7d avg +0.314%
=Both sides work against this trade now: funding costs −$63 a day on $10k at the current rate, and Gate is 0.232% cheaper against Bitget than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.314%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.409% in total (about -73.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.55 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 | 0.003669 | −0.0368 | get 0.0184% / 4h | 2h 10m | $1.3M | $868K | 25x |
| Short | Gate ZIL_USDT | 0.003672 | −0.2478 | pay 0.1239% / 4h | 2h 10m | $398K | $346K | 50x |
Bitget ZILUSDT
Gate ZIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$443.1
- Price spread: +0.082% → +0.314%
- −$23.21
- Slippage, 4 orders
- −$171.94
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$665.25
- Costs to cover
- 1.989%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 55 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 | 4.09 bp | 33.9 bp −$34 | 166.1 bp −$1,661 | doesn't fit | doesn't fit |
| Sell Gate live order book, 55 min ago | 4.11 bp | 66.9 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
ZIL on 11 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 | −0.3584% | 1h | 0.003682 | +0.354% | $30K | $8K | 10x | as long as short |
| Gate ZIL_USDTshort | −0.2478% | 4h | 0.003672 | +0.082% | $398K | $346K | 50x | |
| KuCoin ZILUSDTM | −0.2372% | 4h | 0.003687 | +0.491% | $2.4M | $221K | 25x | as long as short |
| Bybit ZILUSDT | −0.1818% | 8h | 0.003664 | −0.136% | $2.9M | $3.6M | 25x | as long as short |
| BingX ZIL-USDT | −0.1624% | 4h | 0.003666 | −0.082% | — | $2.5M | — | as long as short |
| OKX ZIL-USDT-SWAP | −0.1258% | 4h | 0.003665 | −0.109% | $1.0M | $2.7M | 20x | as long as short |
| Variational Omni ZIL | −0.0920% | 8h | 0.003667 | −0.058% | $16K | $26K | — | as long as short |
| Aster ZILUSDT | −0.0903% | 4h | 0.003660 | −0.245% | $149K | $54K | 10x | as long as short |
| Binance ZILUSDT | −0.0791% | 4h | 0.003658 | −0.300% | $4.4M | $10.6M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0788% | 4h | 0.003658 | −0.300% | $2.5M | $848K | 125x | as long as short |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Bybit ZILUSDT
BingX ZIL-USDT
OKX ZIL-USDT-SWAP
Variational Omni ZIL
Aster ZILUSDT
Binance ZILUSDT
MEXC ZIL_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZILUSDTlong | −0.0368% | 4h | 0.003669 | long leg | $1.3M | $868K | 25x |