Funding you earn now, next payment 08:00 UTC+0.0880%/8h= +96.4% APRnext payment +$4.40 per $10,000 · paid last 24h −0.150%
Price spread now: KuCoin against Gate+0.360%7-day average +0.305% · you sell dearer than you buy
Net, funding: paid 7d − costs−$323as in the Funding arb table
Net, price: spread back to 7d avg − costs−$342as in the Price arb table
costs, in and out, $10k−$3483.480% of the position
Funding, last 7 days+0.252%+$25 on $10k
+Price spread, last 4 days (all we have)−0.384%−$38 · spread now +0.360%, 7d avg +0.305%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and KuCoin is 0.055% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.305%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.252% in total (about 13.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.40 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 | 0.003613 | −0.3306 | get 0.1653% / 4h | 2h 36m | $383K | $339K | 50x |
| Short | KuCoin ZILUSDTM | 0.003626 | −0.2426 | pay 0.1213% / 4h | 2h 36m | $2.4M | $212K | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $184.8
- Price spread: +0.360% → +0.305%
- $5.5
- Slippage, 4 orders
- −$321
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$157.7
- Costs to cover
- 3.480%
- Break-even
- 13.0 days
Slippage from Gate: live order book, 9 min ago; KuCoin: live order book, 5 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, 9 min ago | 2.74 bp | 68.5 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 5.51 bp | 143.4 bp −$143 | 392.5 bp −$3,925 | 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 | −0.3608% | 1h | 0.003611 | −0.055% | $29K | $7K | 10x | as long as short |
| Gate ZIL_USDTlong | −0.3306% | 4h | 0.003613 | long leg | $383K | $339K | 50x | |
| KuCoin ZILUSDTMshort | −0.2426% | 4h | 0.003626 | +0.360% | $2.4M | $212K | 25x | |
| Bybit ZILUSDT | −0.1660% | 8h | 0.003612 | −0.028% | $2.8M | $3.2M | 25x | as long as short |
| OKX ZIL-USDT-SWAP | −0.1354% | 4h | 0.003610 | −0.083% | $1.0M | $2.6M | 20x | as long as short |
| Variational Omni ZIL | −0.1282% | 8h | 0.003610 | −0.071% | $16K | $22K | — | as long as short |
| BingX ZIL-USDT | −0.1279% | 4h | 0.003608 | −0.138% | — | $2.5M | — | as long as short |
| MEXC ZIL_USDT | −0.0962% | 4h | 0.003604 | −0.249% | $2.3M | $734K | 125x | as long as short |
| Binance ZILUSDT | −0.0960% | 4h | 0.003599 | −0.387% | $4.3M | $10.1M | 25x | as long as short |
| BloFin ZIL-USDT | −0.0914% | 4h | 0.003597 | −0.443% | $254K | $140K | 25x | as long as short |
Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZILUSDT | −0.0905% | 4h | 0.003584 | −0.796% | $146K | $52K | 10x | as long as short |
| Bitget ZILUSDT | −0.0582% | 4h | 0.003607 | −0.166% | $1.2M | $808K | 25x | as long as short |
Gate ZIL_USDT
KuCoin ZILUSDTM
Kraken Futures PF_ZILUSD
Bybit ZILUSDT
OKX ZIL-USDT-SWAP
Variational Omni ZIL
BingX ZIL-USDT
MEXC ZIL_USDT
Binance ZILUSDT
BloFin ZIL-USDT
Aster ZILUSDT
Bitget ZILUSDT