Funding you earn now, next payment 00:00 UTC+0.1809%/8h= +198.0% APRpaid last 24h −0.051%
Price spread now: Bybit against Gate−0.221%7-day average −0.275% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$2322.320% of the position
Funding, last 7 days+1.356%+$136 on $10k
+Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.221%, 7d avg −0.275%
=Both sides work for this trade now. Funding pays +$54 a day on $10k at the current rate, and Bybit is 0.054% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.275%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZIL_USDT | 0.003621 | −0.2370 | get 0.1185% / 4h | 1h 55m | $415K | $323K | 50x |
| Short | Bybit ZILUSDT | 0.003613 | −0.0561 | pay 0.0561% / 8h | 1h 55m | $2.9M | $4.1M | 25x |
Gate ZIL_USDT
Bybit ZILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $379.81
- Price spread: −0.221% → −0.275%
- $5.44
- Slippage, 4 orders
- −$205.97
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $153.29
- Costs to cover
- 2.320%
- Break-even
- 4.2 days
Slippage from Gate: live order book, 25 min ago; Bybit: 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, 25 min ago | 6.90 bp | 77.0 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.39 bp | 39.3 bp −$39 | 155.7 bp −$1,557 | 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 | −0.2973% | 1h | 0.003626 | +0.138% | $29K | $8K | 10x | as long as short |
| Gate ZIL_USDTlong | −0.2370% | 4h | 0.003621 | long leg | $415K | $323K | 50x | |
| KuCoin ZILUSDTM | −0.1878% | 4h | 0.003633 | +0.331% | $2.4M | $221K | 25x | as long as short |
| OKX ZIL-USDT-SWAP | −0.0613% | 4h | 0.003614 | −0.193% | $1.0M | $2.9M | 20x | as long as short |
| BingX ZIL-USDT | −0.0584% | 4h | 0.003614 | −0.193% | — | $2.5M | — | as long as short |
| Bitget ZILUSDT | −0.0566% | 4h | 0.003613 | −0.221% | $1.2M | $853K | 25x | as long as short |
| Bybit ZILUSDTshort | −0.0561% | 8h | 0.003613 | −0.221% | $2.9M | $4.1M | 25x | |
| Aster ZILUSDT | −0.0512% | 4h | 0.003604 | −0.472% | $145K | $50K | 10x | as long as short |
| Binance ZILUSDT | −0.0466% | 4h | 0.003606 | −0.414% | $4.4M | $11.2M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0466% | 4h | 0.003606 | −0.414% | $2.4M | $898K | 125x | as long as short |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
OKX ZIL-USDT-SWAP
BingX ZIL-USDT
Bitget ZILUSDT
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 | −0.0456% | 4h | 0.003593 | −0.773% | $256K | $159K | 25x | as long as short |
| Variational Omni ZIL | −0.0421% | 8h | 0.003586 | −0.956% | $16K | $26K | — | as long as short |
BloFin ZIL-USDT
Variational Omni ZIL