Funding arb · Price arb /

ZIL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0601%/8h= −65.9% APRpaid last 24h +0.006%

Price spread now: Variational Omni against Bitget−0.058%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Variational Omni is 0.058% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZILUSDT	0.003694	−0.0714	get 0.0357% / 4h	3h 33m	$1.3M	$837K	25x
Short	Variational Omni ZIL	0.003692	−0.1315	pay 0.1315% / 8h	3h 33m	$16K	$22K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.058%Rate

Funding earned: −$126.29
Price spread: −0.058% → 0.000%: −$5.81
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$144.1
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Variational Omni: no order-book sample. Net counts fees only.

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	1.36 bp	26.4 bp −$26	117.0 bp −$1,170	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3891%	1h	0.003705	+0.290%	$30K	$8K	10x	as long as short
Gate ZIL_USDT	−0.3860%	4h	0.003704	+0.271%	$397K	$344K	50x	as long as short
KuCoin ZILUSDTM	−0.2590%	4h	0.003719	+0.677%	$2.4M	$212K	25x	as long as short
Bybit ZILUSDT	−0.1937%	8h	0.003696	+0.054%	$2.9M	$3.3M	25x	as long as short
BingX ZIL-USDT	−0.1734%	4h	0.003694	0.000%	—	$2.5M	—	as long as short
OKX ZIL-USDT-SWAP	−0.1659%	4h	0.003698	+0.108%	$1.0M	$2.7M	20x	as long as short
Variational Omni ZILshort	−0.1315%	8h	0.003692	−0.058%	$16K	$22K	—
Aster ZILUSDT	−0.1021%	4h	0.003699	+0.140%	$151K	$57K	10x	as long as short
Binance ZILUSDT	−0.1001%	4h	0.003688	−0.162%	$4.4M	$10.0M	25x	as long as short
MEXC ZIL_USDT	−0.0992%	4h	0.003687	−0.189%	$2.4M	$742K	125x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ZIL-USDT	−0.0946%	4h	0.003686	−0.217%	$259K	$146K	25x	as long as short
Bitget ZILUSDTlong	−0.0714%	4h	0.003694	long leg	$1.3M	$837K	25x