Funding you earn now, next payment 04:00 UTC−0.0334%/8h= −36.6% APRnext payment −$1.67 per $10,000 · paid last 24h −0.074%
Price spread now: MEXC against Bitget−0.192%7-day average −0.197% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$610.614% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.192%, 7d avg −0.197%
=The price spread sits at its 7-day average of −0.197%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.170% in total (about -8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.67 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 | 0.003649 | −0.0428 | get 0.0214% / 4h | 2h 28m | $1.3M | $882K | 25x |
| Short | MEXC ZIL_USDT | 0.003642 | −0.0762 | pay 0.0381% / 4h | 2h 28m | $2.4M | $831K | 125x |
Bitget ZILUSDT
MEXC ZIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$70.14
- Price spread: −0.192% → −0.197%
- $0.56
- Slippage, 4 orders
- −$45.39
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$130.97
- Costs to cover
- 0.614%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago | 4.11 bp | 29.8 bp −$30 | 118.7 bp −$1,187 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.37 bp | 6.8 bp −$7 | 37.9 bp −$379 | 248.3 bp −$24.8K | 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 | −0.3609% | 1h | 0.003657 | +0.220% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.2226% | 4h | 0.003667 | +0.493% | $2.4M | $221K | 25x | as long as short |
| Bybit ZILUSDT | −0.1888% | 8h | 0.003652 | +0.082% | $2.9M | $3.6M | 25x | as long as short |
| BingX ZIL-USDT | −0.1716% | 4h | 0.003646 | −0.082% | — | $2.5M | — | as long as short |
| Gate ZIL_USDT | −0.1660% | 4h | 0.003651 | +0.055% | $396K | $345K | 50x | as long as short |
| OKX ZIL-USDT-SWAP | −0.1130% | 4h | 0.003651 | +0.055% | $1.0M | $2.7M | 20x | as long as short |
| Aster ZILUSDT | −0.0892% | 4h | 0.003640 | −0.247% | $147K | $53K | 10x | as long as short |
| Variational Omni ZIL | −0.0864% | 8h | 0.003647 | −0.057% | $16K | $26K | — | as long as short |
| Binance ZILUSDT | −0.0764% | 4h | 0.003642 | −0.192% | $4.4M | $10.5M | 25x | as long as short |
| MEXC ZIL_USDTshort | −0.0762% | 4h | 0.003642 | −0.192% | $2.4M | $831K | 125x |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Bybit ZILUSDT
BingX ZIL-USDT
Gate ZIL_USDT
OKX ZIL-USDT-SWAP
Aster ZILUSDT
Variational Omni ZIL
Binance ZILUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZILUSDTlong | −0.0428% | 4h | 0.003649 | long leg | $1.3M | $882K | 25x |