Funding you earn now, next payment 08:00 UTC−0.0346%/8h= −37.9% APRnext payment −$1.73 per $10,000 · paid last 24h −0.155%
Price spread now: OKX against Bitget+0.108%7-day average +0.251% · you sell dearer than you buy
Net, funding: paid 7d − costs−$312as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1181.178% of the position
Funding, last 7 days−1.937%−$194 on $10k
+Price spread, last 7 days+2.324%+$232 · spread now +0.108%, 7d avg +0.251%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and OKX is 0.142% cheaper against Bitget than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.251%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ZILUSDT | 0.003687 | −0.0414 | get 0.0207% / 4h | 46m 50s | $1.3M | $796K | 25x |
| Short | OKX ZIL-USDT-SWAP | 0.003691 | −0.0760 | pay 0.0380% / 4h | 46m 50s | $1.0M | $2.6M | 20x |
Bitget ZILUSDT
OKX ZIL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$72.68
- Price spread: +0.108% → +0.251%
- −$14.25
- Slippage, 4 orders
- −$95.82
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$204.75
- Costs to cover
- 1.178%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; OKX: 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 | 2.72 bp | 28.4 bp −$28 | 124.8 bp −$1,248 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.71 bp | 24.7 bp −$25 | doesn't fit | 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 | −0.3570% | 1h | 0.003698 | +0.296% | $30K | $7K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.2364% | 4h | 0.003710 | +0.624% | $2.4M | $214K | 25x | as long as short |
| Bybit ZILUSDT | −0.1361% | 8h | 0.003692 | +0.136% | $2.9M | $3.2M | 25x | as long as short |
| Variational Omni ZIL | −0.1137% | 8h | 0.003683 | −0.101% | $16K | $22K | — | as long as short |
| Gate ZIL_USDT | −0.1066% | 4h | 0.003696 | +0.244% | $380K | $341K | 50x | as long as short |
| Binance ZILUSDT | −0.0834% | 4h | 0.003682 | −0.136% | $4.4M | $9.9M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0834% | 4h | 0.003681 | −0.163% | $2.3M | $710K | 125x | as long as short |
| BloFin ZIL-USDT | −0.0830% | 4h | 0.003674 | −0.353% | $257K | $146K | 25x | as long as short |
| OKX ZIL-USDT-SWAPshort | −0.0760% | 4h | 0.003691 | +0.108% | $1.0M | $2.6M | 20x | |
| Aster ZILUSDT | −0.0691% | 4h | 0.003680 | −0.203% | $150K | $47K | 10x | as long as short |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Bybit ZILUSDT
Variational Omni ZIL
Gate ZIL_USDT
Binance ZILUSDT
MEXC ZIL_USDT
BloFin ZIL-USDT
Aster ZILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZILUSDTlong | −0.0414% | 4h | 0.003687 | long leg | $1.3M | $796K | 25x | |
| BingX ZIL-USDT | −0.0292% | 4h | 0.003688 | +0.027% | — | $2.5M | — | as long as short |
BingX ZIL-USDT