Funding you earn now, next payment 04:00 UTC+0.0874%/8h= +95.7% APRpaid last 24h −0.065%
Price spread now: MEXC against Bybit−0.192%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$970.970% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 7 days+0.185%+$18 · spread now −0.192%, 7d avg −0.118%
=Funding pays, the price is against you. MEXC is 0.073% cheaper against Bybit than usual: you would sell low and buy high (spread −0.192% now, against its 7-day average of −0.118%). If the spread goes back, that is −$7 on $10k: about 7 hours of funding at the current rate (+$26 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% 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 | 0.003652 | −0.1754 | get 0.1754% / 8h | 4h 47m | $2.9M | $3.4M | 25x |
| Short | MEXC ZIL_USDT | 0.003645 | −0.0880 | pay 0.0440% / 4h | 47m 05s | $2.5M | $776K | 125x |
Bybit ZILUSDT
MEXC ZIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $183.46
- Price spread: −0.192% → −0.118%
- −$7.33
- Slippage, 4 orders
- −$81.96
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $79.16
- Costs to cover
- 0.970%
- Break-even
- 4.0 days
Slippage from Bybit: live order book, 5 min ago; MEXC: live order book, 5 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 | 39.1 bp −$39 | 318.0 bp −$3,180 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.38 bp | 8.1 bp −$8 | 36.7 bp −$367 | 249.8 bp −$25.0K | 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 | −0.3614% | 1h | 0.003661 | +0.252% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.2782% | 4h | 0.003671 | +0.520% | $2.4M | $215K | 25x | as long as short |
| Gate ZIL_USDT | −0.2508% | 4h | 0.003659 | +0.192% | $400K | $341K | 50x | as long as short |
| Bybit ZILUSDTlong | −0.1754% | 8h | 0.003652 | long leg | $2.9M | $3.4M | 25x | |
| BingX ZIL-USDT | −0.1564% | 4h | 0.003651 | −0.027% | — | $2.5M | — | as long as short |
| OKX ZIL-USDT-SWAP | −0.1487% | 4h | 0.003654 | +0.055% | $1.0M | $2.6M | 20x | as long as short |
| Variational Omni ZIL | −0.1054% | 8h | 0.003646 | −0.154% | $16K | $22K | — | as long as short |
| BloFin ZIL-USDT | −0.0943% | 4h | 0.003647 | −0.137% | $256K | $151K | 25x | as long as short |
| Aster ZILUSDT | −0.0922% | 4h | 0.003640 | −0.321% | $148K | $56K | 10x | as long as short |
| Binance ZILUSDT | −0.0885% | 4h | 0.003644 | −0.226% | $4.4M | $10.2M | 25x | as long as short |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Gate ZIL_USDT
BingX ZIL-USDT
OKX ZIL-USDT-SWAP
Variational Omni ZIL
BloFin ZIL-USDT
Aster ZILUSDT
Binance ZILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZIL_USDTshort | −0.0880% | 4h | 0.003645 | −0.192% | $2.5M | $776K | 125x | |
| Bitget ZILUSDT | −0.0404% | 4h | 0.003649 | −0.082% | $1.3M | $851K | 25x | as long as short |
Bitget ZILUSDT