Funding you earn now, next payment 04:00 UTC+0.2762%/8h= +302.4% APRnext payment +$13.81 per $10,000 · paid last 24h −0.030%
Price spread now: Bitget against Gate−0.137%7-day average −0.316% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$1761.761% of the position
Funding, last 7 days+1.409%+$141 on $10k
+Price spread, last 4 days (all we have)−0.425%−$42 · spread now −0.137%, 7d avg −0.316%
=Both sides work for this trade now. Funding pays +$83 a day on $10k at the current rate, and Bitget is 0.179% dearer against Gate than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.316%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.409% in total (about 73.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$13.81 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 | 0.003645 | −0.3614 | get 0.1807% / 4h | 3h 44m | $413K | $323K | 50x |
| Short | Bitget ZILUSDT | 0.003640 | −0.0852 | pay 0.0426% / 4h | 3h 44m | $1.3M | $889K | 25x |
Gate ZIL_USDT
Bitget ZILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $580.02
- Price spread: −0.137% → −0.316%
- $17.92
- Slippage, 4 orders
- −$149.05
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $421.88
- Costs to cover
- 1.761%
- Break-even
- 1.9 days
Slippage from Gate: live order book, 26 min ago; Bitget: live order book, 2 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, 26 min ago | 1.38 bp | 60.5 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.75 bp | 31.1 bp −$31 | 105.9 bp −$1,059 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZIL_USDTlong | −0.3614% | 4h | 0.003645 | long leg | $413K | $323K | 50x | |
| Kraken Futures PF_ZILUSD | −0.3487% | 1h | 0.003646 | +0.041% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.1848% | 4h | 0.003659 | +0.384% | $2.4M | $223K | 25x | as long as short |
| BingX ZIL-USDT | −0.1404% | 4h | 0.003636 | −0.247% | — | $2.5M | — | as long as short |
| Bybit ZILUSDT | −0.1287% | 8h | 0.003640 | −0.137% | $2.9M | $4.0M | 25x | as long as short |
| OKX ZIL-USDT-SWAP | −0.0976% | 4h | 0.003643 | −0.055% | $1.0M | $2.8M | 20x | as long as short |
| Bitget ZILUSDTshort | −0.0852% | 4h | 0.003640 | −0.137% | $1.3M | $889K | 25x | |
| Aster ZILUSDT | −0.0831% | 4h | 0.003629 | −0.453% | $147K | $50K | 10x | as long as short |
| Binance ZILUSDT | −0.0678% | 4h | 0.003633 | −0.329% | $4.5M | $10.9M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0674% | 4h | 0.003631 | −0.384% | $2.4M | $859K | 125x | as long as short |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
BingX ZIL-USDT
Bybit ZILUSDT
OKX ZIL-USDT-SWAP
Aster ZILUSDT
Binance ZILUSDT
MEXC ZIL_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZIL-USDT | −0.0665% | 4h | 0.003634 | −0.302% | $257K | $157K | 25x | as long as short |
| Variational Omni ZIL | −0.0491% | 8h | 0.003638 | −0.180% | $16K | $26K | — | as long as short |
BloFin ZIL-USDT
Variational Omni ZIL