Funding you earn now, next payment 04:00 UTC+0.1222%/8h= +133.8% APRnext payment +$6.11 per $10,000 · paid last 24h −0.105%
Price spread now: BloFin against Gate−0.082%48s7-day average −0.497% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1651.653% of the position
Funding, last 7 days+1.234%+$123 on $10k
+Price spread, last 4 days (all we have)−0.628%−$63 · spread now −0.082%, 7d avg −0.497%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and BloFin is 0.416% dearer against Gate than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of −0.497%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZIL_USDT | 0.003670 | −0.2104 | get 0.1052% / 4h | 28m 20s | $398K | $344K | 50x |
| Short | BloFin ZIL-USDT | 0.003667 | −0.0882 | pay 0.0441% / 4h | 28m 20s | $257K | $152K | 25x |
Gate ZIL_USDT
BloFin ZIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $256.66
- Price spread: −0.082% → −0.497%
- $41.57
- Slippage, 4 orders
- −$138.31
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $132.92
- Costs to cover
- 1.653%
- Break-even
- 3.4 days
Slippage from Gate: live order book, 27 min ago; BloFin: live order book, 3 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, 27 min ago | 2.73 bp | 69.6 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 2.73 bp | 20.0 bp −$20 | 48.5 bp −$485 | 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 | −0.3593% | 1h | 0.003682 | +0.340% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.2788% | 4h | 0.003690 | +0.545% | $2.4M | $209K | 25x | as long as short |
| Gate ZIL_USDTlong | −0.2104% | 4h | 0.003670 | long leg | $398K | $344K | 50x | |
| Bybit ZILUSDT | −0.1823% | 8h | 0.003663 | −0.191% | $2.9M | $3.4M | 25x | as long as short |
| BingX ZIL-USDT | −0.1644% | 4h | 0.003667 | −0.082% | — | $2.5M | — | as long as short |
| OKX ZIL-USDT-SWAP | −0.1569% | 4h | 0.003668 | −0.054% | $1.0M | $2.6M | 20x | as long as short |
| Variational Omni ZIL | −0.1155% | 8h | 0.003662 | −0.208% | $16K | $22K | — | as long as short |
| Aster ZILUSDT | −0.0923% | 4h | 0.003656 | −0.382% | $149K | $56K | 10x | as long as short |
| Binance ZILUSDT | −0.0912% | 4h | 0.003657 | −0.354% | $4.4M | $10.1M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0910% | 4h | 0.003658 | −0.327% | $2.5M | $781K | 125x | as long as short |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Bybit ZILUSDT
BingX ZIL-USDT
OKX ZIL-USDT-SWAP
Variational Omni ZIL
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-USDTshort | −0.0882% | 4h | 0.003667 | −0.082% | $257K | $152K | 25x | |
| Bitget ZILUSDT | −0.0452% | 4h | 0.003668 | −0.054% | $1.3M | $848K | 25x | as long as short |
Bitget ZILUSDT