Funding you earn now, next payment 04:00 UTC−0.0509%/8h= −55.7% APRnext payment −$2.54 per $10,000 · paid last 24h −0.110%
Price spread now: OKX against BloFin+0.522%103s7-day average +0.163% · you sell dearer than you buy
Net, funding: paid 7d − costs−$290as 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−$770.766% of the position
Funding, last 7 days−2.136%−$214 on $10k
+Price spread, last 4 days (all we have)−0.652%−$65 · spread now +0.522%, 7d avg +0.163%
=The price spread pays, funding is against you. OKX is 0.359% dearer against BloFin than usual: you sell high and buy low (spread +0.522% now, against its 7-day average of +0.163%): +$36 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 2.3 days. The two prices were read 103 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 | 0.003643 | −0.0834 | get 0.0417% / 4h | 1h 33m | $257K | $151K | 25x |
| Short | OKX ZIL-USDT-SWAP | 0.003662 | −0.1342 | pay 0.0671% / 4h | 1h 33m | $1.0M | $2.7M | 20x |
BloFin ZIL-USDT
OKX ZIL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$106.83
- Price spread: +0.522% → +0.163%
- $35.85
- Slippage, 4 orders
- −$54.61
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$147.59
- Costs to cover
- 0.766%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago | 5.49 bp | 12.6 bp −$13 | 34.9 bp −$349 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.37 bp | 20.7 bp −$21 | 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 | −0.4064% | 1h | 0.003666 | +0.638% | $30K | $8K | 10x | as long as short |
| Gate ZIL_USDT | −0.2806% | 4h | 0.003666 | +0.631% | $401K | $342K | 50x | as long as short |
| KuCoin ZILUSDTM | −0.2616% | 4h | 0.003682 | +1.071% | $2.4M | $213K | 25x | as long as short |
| Bybit ZILUSDT | −0.1753% | 8h | 0.003663 | +0.549% | $2.9M | $3.5M | 25x | as long as short |
| BingX ZIL-USDT | −0.1644% | 4h | 0.003660 | +0.467% | — | $2.5M | — | as long as short |
| OKX ZIL-USDT-SWAPshort | −0.1342% | 4h | 0.003662 | +0.522% | $1.0M | $2.7M | 20x | |
| Variational Omni ZIL | −0.1018% | 8h | 0.003652 | +0.255% | $16K | $26K | — | as long as short |
| Aster ZILUSDT | −0.0924% | 4h | 0.003647 | +0.112% | $149K | $56K | 10x | as long as short |
| MEXC ZIL_USDT | −0.0856% | 4h | 0.003651 | +0.220% | $2.5M | $810K | 125x | as long as short |
| Binance ZILUSDT | −0.0855% | 4h | 0.003653 | +0.279% | $4.4M | $10.4M | 25x | as long as short |
Kraken Futures PF_ZILUSD
Gate ZIL_USDT
KuCoin ZILUSDTM
Bybit ZILUSDT
BingX ZIL-USDT
Variational Omni ZIL
Aster ZILUSDT
MEXC ZIL_USDT
Binance ZILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZIL-USDTlong | −0.0834% | 4h | 0.003643 | long leg | $257K | $151K | 25x | |
| Bitget ZILUSDT | −0.0334% | 4h | 0.003657 | +0.384% | $1.3M | $846K | 25x | as long as short |
Bitget ZILUSDT