Funding you earn now, next payment 04:00 UTC−0.1180%/8h= −129.2% APRnext payment −$5.90 per $10,000 · paid last 24h −0.078%
Price spread now: KuCoin against Bitget+0.714%7-day average +0.616% · you sell dearer than you buy
Net, funding: paid 7d − costs−$320as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$2122.121% of the position
Funding, last 7 days−1.077%−$108 on $10k
+Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.714%, 7d avg +0.616%
=The price spread pays, funding is against you. KuCoin is 0.097% dearer against Bitget than usual: you sell high and buy low (spread +0.714% now, against its 7-day average of +0.616%): +$10 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−1.077% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ZILUSDT | 0.003643 | −0.0658 | get 0.0329% / 4h | 3h 12m | $1.3M | $868K | 25x |
| Short | KuCoin ZILUSDTM | 0.003669 | −0.1838 | pay 0.0919% / 4h | 3h 12m | $2.4M | $225K | 25x |
Bitget ZILUSDT
KuCoin ZILUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$247.8
- Price spread: +0.714% → +0.616%
- $9.74
- Slippage, 4 orders
- −$188.12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$450.17
- Costs to cover
- 2.121%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 5 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 | 2.74 bp | 28.4 bp −$28 | 117.3 bp −$1,173 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 1.36 bp | 105.7 bp −$106 | 292.6 bp −$2,926 | 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 | −0.3476% | 1h | 0.003658 | +0.408% | $30K | $8K | 10x | as long as short |
| Bybit ZILUSDT | −0.2070% | 8h | 0.003640 | −0.082% | $2.9M | $3.7M | 25x | as long as short |
| KuCoin ZILUSDTMshort | −0.1838% | 4h | 0.003669 | +0.714% | $2.4M | $225K | 25x | |
| BingX ZIL-USDT | −0.1804% | 4h | 0.003644 | +0.027% | — | $2.5M | — | as long as short |
| Gate ZIL_USDT | −0.1706% | 4h | 0.003651 | +0.220% | $412K | $331K | 50x | as long as short |
| OKX ZIL-USDT-SWAP | −0.0896% | 4h | 0.003644 | +0.027% | $1.0M | $2.7M | 20x | as long as short |
| Aster ZILUSDT | −0.0887% | 4h | 0.003640 | −0.074% | $147K | $50K | 10x | as long as short |
| BloFin ZIL-USDT | −0.0732% | 4h | 0.003641 | −0.055% | $258K | $154K | 25x | as long as short |
| Binance ZILUSDT | −0.0729% | 4h | 0.003635 | −0.220% | $4.4M | $10.6M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0728% | 4h | 0.003637 | −0.165% | $2.4M | $862K | 125x | as long as short |
Kraken Futures PF_ZILUSD
Bybit ZILUSDT
BingX ZIL-USDT
Gate ZIL_USDT
OKX ZIL-USDT-SWAP
Aster ZILUSDT
BloFin ZIL-USDT
Binance ZILUSDT
MEXC ZIL_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZILUSDTlong | −0.0658% | 4h | 0.003643 | long leg | $1.3M | $868K | 25x | |
| Variational Omni ZIL | −0.0648% | 8h | 0.003644 | +0.026% | $16K | $26K | — | as long as short |
Variational Omni ZIL