Funding you earn now, next payment 08:00 UTC+0.1780%/8h= +194.9% APRnext payment +$8.90 per $10,000 · paid last 24h −0.135%
Price spread now: BingX against Gate−0.191%7-day average −0.371% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1801.799% of the position
Funding, last 7 days+1.017%+$102 on $10k
+Price spread, last 4 days (all we have)−0.351%−$35 · spread now −0.191%, 7d avg −0.371%
=Both sides work for this trade now. Funding pays +$53 a day on $10k at the current rate, and BingX is 0.180% dearer against Gate than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.371%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.017% in total (about 53.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.90 per $10,000. 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 | Gate ZIL_USDT | 0.003668 | −0.2076 | get 0.1038% / 4h | 1h 43m | $384K | $333K | 50x |
| Short | BingX ZIL-USDT | 0.003661 | −0.0296 | pay 0.0148% / 4h | 1h 43m | — | $2.5M | — |
Gate ZIL_USDT
BingX ZIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $373.8
- Price spread: −0.191% → −0.371%
- $18.05
- Slippage, 4 orders
- −$154.9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $211.95
- Costs to cover
- 1.799%
- Break-even
- 3.0 days
Slippage from Gate: live order book, 62 min ago; BingX: live order book, 6 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 Gate live order book, 62 min ago | 2.74 bp | 68.5 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 4.11 bp | 19.9 bp −$20 | 53.2 bp −$532 | 447.6 bp −$44.8K | 540.1 bp −$270.0K |
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 | −0.3351% | 1h | 0.003671 | +0.082% | $30K | $7K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.2406% | 4h | 0.003684 | +0.436% | $2.4M | $208K | 25x | as long as short |
| Gate ZIL_USDTlong | −0.2076% | 4h | 0.003668 | long leg | $384K | $333K | 50x | |
| Bybit ZILUSDT | −0.1538% | 8h | 0.003662 | −0.164% | $2.9M | $3.2M | 25x | as long as short |
| Variational Omni ZIL | −0.1252% | 8h | 0.003650 | −0.495% | $16K | $22K | — | as long as short |
| OKX ZIL-USDT-SWAP | −0.1052% | 4h | 0.003661 | −0.191% | $1.0M | $2.6M | 20x | as long as short |
| Binance ZILUSDT | −0.0849% | 4h | 0.003653 | −0.421% | $4.4M | $10.0M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0848% | 4h | 0.003654 | −0.382% | $2.4M | $725K | 125x | as long as short |
| BloFin ZIL-USDT | −0.0796% | 4h | 0.003649 | −0.518% | $254K | $146K | 25x | as long as short |
| Aster ZILUSDT | −0.0757% | 4h | 0.003636 | −0.885% | $148K | $52K | 10x | as long as short |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Bybit ZILUSDT
Variational Omni ZIL
OKX ZIL-USDT-SWAP
Binance ZILUSDT
MEXC ZIL_USDT
BloFin ZIL-USDT
Aster ZILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZILUSDT | −0.0446% | 4h | 0.003656 | −0.327% | $1.3M | $805K | 25x | as long as short |
| BingX ZIL-USDTshort | −0.0296% | 4h | 0.003661 | −0.191% | — | $2.5M | — |
Bitget ZILUSDT