Funding arb · Price arb /

ZIL

all ZIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1112%/8h= +121.8% APRpaid last 24h −0.066%

Price spread now: Binance against Bybit0.000%7-day average −0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1111.109% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days−0.020%−$2 · spread now 0.000%, 7d avg −0.122%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Binance is 0.122% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.122%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.3% a year). A funding rate is set anew for every payment. 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	Bybit ZILUSDT	0.003642	−0.1836	get 0.1836% / 8h	7h 17m	$2.9M	$3.7M	25x
Short	Binance ZILUSDT	0.003642	−0.0724	pay 0.0362% / 4h	3h 17m	$4.5M	$10.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 BybitbpFee BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $233.52
Price spread: 0.000% → −0.122%: $12.24
Slippage, 4 orders: −$89.92
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: $134.84
Costs to cover: 1.109%
Break-even: 3.0 days

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 8 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 Bybit live order book, 5 min ago	2.74 bp	31.2 bp −$31	149.3 bp −$1,493	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.37 bp	18.5 bp −$18	62.3 bp −$623	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	−0.3476%	1h	0.003658	+0.429%	$30K	$8K	10x	as long as short
Gate ZIL_USDT	−0.2248%	4h	0.003654	+0.329%	$414K	$329K	50x	as long as short
KuCoin ZILUSDTM	−0.1840%	4h	0.003670	+0.769%	$2.4M	$224K	25x	as long as short
Bybit ZILUSDTlong	−0.1836%	8h	0.003642	long leg	$2.9M	$3.7M	25x
BingX ZIL-USDT	−0.1574%	4h	0.003646	+0.110%	—	$2.5M	—	as long as short
OKX ZIL-USDT-SWAP	−0.0889%	4h	0.003649	+0.192%	$1.0M	$2.7M	20x	as long as short
Aster ZILUSDT	−0.0870%	4h	0.003641	−0.027%	$147K	$50K	10x	as long as short
BloFin ZIL-USDT	−0.0739%	4h	0.003644	+0.055%	$257K	$154K	25x	as long as short
Binance ZILUSDTshort	−0.0724%	4h	0.003642	0.000%	$4.5M	$10.7M	25x
MEXC ZIL_USDT	−0.0724%	4h	0.003641	−0.027%	$2.4M	$862K	125x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZILUSDT	−0.0678%	4h	0.003646	+0.110%	$1.3M	$865K	25x	as long as short
Variational Omni ZIL	−0.0602%	8h	0.003642	−0.003%	$16K	$26K	—	as long as short