Funding you earn now, next payment 04:00 UTC−0.1198%/8h= −131.2% APRnext payment −$5.99 per $10,000 · paid last 24h +0.105%
Price spread now: Gate against BloFin+0.082%93s7-day average +0.497% · you sell dearer than you buy
Net, funding: paid 7d − costs−$289as 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−$1651.653% of the position
Funding, last 7 days−1.234%−$123 on $10k
+Price spread, last 4 days (all we have)+0.628%+$63 · spread now +0.082%, 7d avg +0.497%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and Gate is 0.416% cheaper against BloFin than usual: you would sell low and buy high (−$42 if the spread goes back to its 7-day average of +0.497%). Swap the legs. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ZIL-USDT | 0.003667 | −0.0882 | get 0.0441% / 4h | 27m 32s | $257K | $152K | 25x |
| Short | Gate ZIL_USDT | 0.003670 | −0.2080 | pay 0.1040% / 4h | 27m 32s | $398K | $344K | 50x |
BloFin ZIL-USDT
Gate ZIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$251.62
- Price spread: +0.082% → +0.497%
- −$41.56
- Slippage, 4 orders
- −$138.31
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$458.49
- Costs to cover
- 1.653%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Gate: live order book, 28 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, 4 min ago | 2.73 bp | 11.8 bp −$12 | 33.1 bp −$331 | doesn't fit | doesn't fit |
| Sell Gate live order book, 28 min ago | 2.73 bp | 63.8 bp −$64 | 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 | −0.3601% | 1h | 0.003674 | +0.202% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.2788% | 4h | 0.003691 | +0.654% | $2.4M | $209K | 25x | as long as short |
| Gate ZIL_USDTshort | −0.2080% | 4h | 0.003670 | +0.082% | $398K | $344K | 50x | |
| Bybit ZILUSDT | −0.1827% | 8h | 0.003666 | −0.027% | $2.9M | $3.4M | 25x | as long as short |
| BingX ZIL-USDT | −0.1646% | 4h | 0.003665 | −0.055% | — | $2.5M | — | as long as short |
| OKX ZIL-USDT-SWAP | −0.1569% | 4h | 0.003669 | +0.055% | $1.0M | $2.6M | 20x | as long as short |
| Variational Omni ZIL | −0.1155% | 8h | 0.003662 | −0.127% | $16K | $22K | — | as long as short |
| Aster ZILUSDT | −0.0927% | 4h | 0.003654 | −0.361% | $149K | $56K | 10x | as long as short |
| Binance ZILUSDT | −0.0911% | 4h | 0.003659 | −0.218% | $4.4M | $10.1M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0910% | 4h | 0.003660 | −0.191% | $2.5M | $781K | 125x | as long as short |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Bybit ZILUSDT
BingX ZIL-USDT
OKX ZIL-USDT-SWAP
Variational Omni ZIL
Aster ZILUSDT
Binance ZILUSDT
MEXC ZIL_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZIL-USDTlong | −0.0882% | 4h | 0.003667 | long leg | $257K | $152K | 25x | |
| Bitget ZILUSDT | −0.0446% | 4h | 0.003668 | +0.027% | $1.3M | $848K | 25x | as long as short |
Bitget ZILUSDT