Funding you earn now, next payment 00:00 UTC−0.0228%/8h= −24.9% APRpaid last 24h +0.051%
Price spread now: Gate against Bybit+0.055%7-day average +0.272% · you sell dearer than you buy
Net, funding: paid 7d − costs−$674as in the Funding arb table
Net, price: spread back to 7d avg − costs−$560as in the Price arb table
costs, in and out, $10k−$5395.385% of the position
Funding, last 7 days−1.356%−$136 on $10k
+Price spread, last 4 days (all we have)−0.251%−$25 · spread now +0.055%, 7d avg +0.272%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.217% cheaper against Bybit than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.272%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZILUSDT | 0.003604 | −0.0628 | get 0.0628% / 8h | 2h 54m | $2.9M | $4.1M | 25x |
| Short | Gate ZIL_USDT | 0.003606 | −0.0856 | pay 0.0428% / 4h | 2h 54m | $412K | $321K | 50x |
Bybit ZILUSDT
Gate ZIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- −$47.82
- Price spread: +0.055% → +0.272%
- −$21.67
- Slippage, 4 orders
- −$512.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$608.01
- Costs to cover
- 5.385%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 31 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, 3 min ago | 2.77 bp | 36.7 bp −$37 | 132.0 bp −$1,320 | doesn't fit | doesn't fit |
| Sell Gate live order book, 31 min ago | 6.86 bp | 237.2 bp −$237 | 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 | −0.3736% | 1h | 0.003635 | +0.865% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.2128% | 4h | 0.003613 | +0.250% | $2.4M | $218K | 25x | as long as short |
| Gate ZIL_USDTshort | −0.0856% | 4h | 0.003606 | +0.055% | $412K | $321K | 50x | |
| Bitget ZILUSDT | −0.0640% | 4h | 0.003603 | −0.028% | $1.2M | $860K | 25x | as long as short |
| Bybit ZILUSDTlong | −0.0628% | 8h | 0.003604 | long leg | $2.9M | $4.1M | 25x | |
| BingX ZIL-USDT | −0.0610% | 4h | 0.003605 | +0.028% | — | $2.5M | — | as long as short |
| OKX ZIL-USDT-SWAP | −0.0459% | 4h | 0.003607 | +0.083% | $1.1M | $2.9M | 20x | as long as short |
| BloFin ZIL-USDT | −0.0425% | 4h | 0.003607 | +0.083% | $260K | $158K | 25x | as long as short |
| Variational Omni ZIL | −0.0393% | 8h | 0.003613 | +0.263% | $16K | $28K | — | as long as short |
| Aster ZILUSDT | −0.0389% | 4h | 0.003600 | −0.111% | $145K | $49K | 10x | as long as short |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Bitget ZILUSDT
BingX ZIL-USDT
OKX ZIL-USDT-SWAP
BloFin ZIL-USDT
Variational Omni ZIL
Aster ZILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZILUSDT | −0.0377% | 4h | 0.003600 | −0.111% | $4.4M | $11.4M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0376% | 4h | 0.003598 | −0.166% | $2.5M | $917K | 125x | as long as short |
Binance ZILUSDT
MEXC ZIL_USDT