Funding arb · Price arb /

ZIL

all ZIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0703%/8h= +76.9% APRpaid last 24h −0.061%

Price spread now: BloFin against Bybit−0.190%7-day average −0.250% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1061.061% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.190%, 7d avg −0.250%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and BloFin is 0.059% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.250%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.086% in total (about 4.5% 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	0.003675	−0.1521	get 0.1521% / 8h	1h 35m	$2.9M	$3.2M	25x
Short	BloFin ZIL-USDT	0.003668	−0.0819	pay 0.0409% / 4h	1h 35m	$254K	$146K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.190%Rate

Funding earned: $147.56
Price spread: −0.190% → −0.250%: $5.92
Slippage, 4 orders: −$83.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: $47.37
Costs to cover: 1.061%
Break-even: 4.8 days

Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 41 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, 2 min ago	1.36 bp	36.1 bp −$36	249.0 bp −$2,490	doesn't fit	doesn't fit
Sell BloFin live order book, 41 min ago	5.55 bp	17.8 bp −$18	44.0 bp −$440	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	−0.3340%	1h	0.003684	+0.245%	$30K	$7K	10x	as long as short
KuCoin ZILUSDTM	−0.2380%	4h	0.003696	+0.571%	$2.4M	$209K	25x	as long as short
Gate ZIL_USDT	−0.1808%	4h	0.003681	+0.163%	$385K	$334K	50x	as long as short
Bybit ZILUSDTlong	−0.1521%	8h	0.003675	long leg	$2.9M	$3.2M	25x
Variational Omni ZIL	−0.1240%	8h	0.003674	−0.017%	$16K	$22K	—	as long as short
OKX ZIL-USDT-SWAP	−0.0996%	4h	0.003673	−0.054%	$1.0M	$2.6M	20x	as long as short
MEXC ZIL_USDT	−0.0838%	4h	0.003666	−0.245%	$2.4M	$733K	125x	as long as short
Binance ZILUSDT	−0.0838%	4h	0.003666	−0.245%	$4.4M	$10.0M	25x	as long as short
BloFin ZIL-USDTshort	−0.0819%	4h	0.003668	−0.190%	$254K	$146K	25x
Aster ZILUSDT	−0.0742%	4h	0.003662	−0.359%	$149K	$52K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZILUSDT	−0.0448%	4h	0.003670	−0.136%	$1.3M	$805K	25x	as long as short
BingX ZIL-USDT	−0.0294%	4h	0.003671	−0.109%	—	$2.5M	—	as long as short