Funding you earn now, next payment 08:00 UTC−0.0545%/8h= −59.7% APRnext payment −$2.72 per $10,000 · paid last 24h −0.127%
Price spread now: BingX against BloFin+0.194%51s7-day average +0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$760.761% of the position
Funding, last 7 days−0.271%−$27 on $10k
+Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.194%, 7d avg +0.138%
=The price spread pays, funding is against you. BingX is 0.056% dearer against BloFin than usual: you sell high and buy low (spread +0.194% now, against its 7-day average of +0.138%): +$6 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.271% in total) that is about 35 hours. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.271% in total (about -14.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.72 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 | BloFin ZIL-USDT | 0.003616 | −0.0929 | get 0.0465% / 4h | 2h 18m | $250K | $141K | 25x |
| Short | BingX ZIL-USDT | 0.003623 | −0.1474 | pay 0.0737% / 4h | 2h 18m | — | $2.5M | — |
BloFin ZIL-USDT
BingX ZIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- −$114.4
- Price spread: +0.194% → +0.138%
- $5.58
- Slippage, 4 orders
- −$54.11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$184.93
- Costs to cover
- 0.761%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 63 min ago; BingX: live order book, 1 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 BloFin live order book, 63 min ago | 4.08 bp | 17.2 bp −$17 | 39.9 bp −$399 | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 4.14 bp | 19.8 bp −$20 | 51.2 bp −$512 | 444.2 bp −$44.4K | 533.6 bp −$266.8K |
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 | −0.3586% | 1h | 0.003633 | +0.476% | $30K | $7K | 10x | as long as short |
| Gate ZIL_USDT | −0.3308% | 4h | 0.003630 | +0.387% | $385K | $341K | 50x | as long as short |
| KuCoin ZILUSDTM | −0.2418% | 4h | 0.003641 | +0.691% | $2.4M | $213K | 25x | as long as short |
| Bybit ZILUSDT | −0.1615% | 8h | 0.003615 | −0.028% | $2.8M | $3.2M | 25x | as long as short |
| BingX ZIL-USDTshort | −0.1474% | 4h | 0.003623 | +0.194% | — | $2.5M | — | |
| Variational Omni ZIL | −0.1278% | 8h | 0.003611 | −0.128% | $16K | $22K | — | as long as short |
| OKX ZIL-USDT-SWAP | −0.1190% | 4h | 0.003619 | +0.083% | $1.0M | $2.6M | 20x | as long as short |
| BloFin ZIL-USDTlong | −0.0929% | 4h | 0.003616 | long leg | $250K | $141K | 25x | |
| MEXC ZIL_USDT | −0.0908% | 4h | 0.003608 | −0.221% | $2.4M | $747K | 125x | as long as short |
| Binance ZILUSDT | −0.0905% | 4h | 0.003611 | −0.138% | $4.3M | $10.1M | 25x | as long as short |
Kraken Futures PF_ZILUSD
Gate ZIL_USDT
KuCoin ZILUSDTM
Bybit ZILUSDT
Variational Omni ZIL
OKX ZIL-USDT-SWAP
MEXC ZIL_USDT
Binance ZILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZILUSDT | −0.0857% | 4h | 0.003592 | −0.654% | $147K | $52K | 10x | as long as short |
| Bitget ZILUSDT | −0.0510% | 4h | 0.003614 | −0.055% | $1.2M | $809K | 25x | as long as short |
Aster ZILUSDT
Bitget ZILUSDT