Funding you earn now, next payment 00:00 UTC−0.0422%/8h= −46.2% APRpaid last 24h −0.175%
Price spread now: OKX against Bybit0.000%7-day average +0.309% · you sell dearer than you buy
Net, funding: paid 7d − costs−$373as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1271.270% of the position
Funding, last 7 days−2.461%−$246 on $10k
+Price spread, last 7 days+1.462%+$146 · spread now 0.000%, 7d avg +0.309%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and OKX is 0.309% cheaper against Bybit than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of +0.309%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZILUSDT | 0.003622 | −0.0510 | get 0.0510% / 8h | 51m 13s | $2.9M | $4.0M | 25x |
| Short | OKX ZIL-USDT-SWAP | 0.003622 | −0.0931 | pay 0.0466% / 4h | 51m 13s | $1.0M | $2.8M | 20x |
Bybit ZILUSDT
OKX ZIL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$88.57
- Price spread: 0.000% → +0.309%
- −$30.95
- Slippage, 4 orders
- −$105.95
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$246.46
- Costs to cover
- 1.270%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago | 1.38 bp | 32.4 bp −$32 | 132.3 bp −$1,323 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.76 bp | 30.7 bp −$31 | 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 | −0.3227% | 1h | 0.003636 | +0.394% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.1906% | 4h | 0.003642 | +0.552% | $2.4M | $216K | 25x | as long as short |
| Gate ZIL_USDT | −0.1376% | 4h | 0.003628 | +0.166% | $412K | $324K | 50x | as long as short |
| OKX ZIL-USDT-SWAPshort | −0.0931% | 4h | 0.003622 | 0.000% | $1.0M | $2.8M | 20x | |
| BingX ZIL-USDT | −0.0884% | 4h | 0.003623 | +0.028% | — | $2.5M | — | as long as short |
| Bitget ZILUSDT | −0.0726% | 4h | 0.003620 | −0.055% | $1.2M | $835K | 25x | as long as short |
| Aster ZILUSDT | −0.0663% | 4h | 0.003620 | −0.055% | $146K | $50K | 10x | as long as short |
| BloFin ZIL-USDT | −0.0597% | 4h | 0.003611 | −0.304% | $256K | $160K | 25x | as long as short |
| Binance ZILUSDT | −0.0558% | 4h | 0.003618 | −0.124% | $4.4M | $11.1M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0558% | 4h | 0.003619 | −0.083% | $2.5M | $874K | 125x | as long as short |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Gate ZIL_USDT
BingX ZIL-USDT
Bitget ZILUSDT
Aster ZILUSDT
BloFin ZIL-USDT
Binance ZILUSDT
MEXC ZIL_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZILUSDTlong | −0.0510% | 8h | 0.003622 | long leg | $2.9M | $4.0M | 25x | |
| Variational Omni ZIL | −0.0434% | 8h | 0.003619 | −0.096% | $16K | $26K | — | as long as short |
Variational Omni ZIL