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Funding arb · Price arb /

ZIL

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.2388%/8h= +261.5% APRnext payment +$11.94 per $10,000 · paid last 24h −0.006%
Price spread now: MEXC against Gate−0.360%7-day average −0.507% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1561.556% of the position
Long on GateShort on MEXC
What this pair did over the last
the charts below follow
Funding, last 7 days+1.292%+$129 on $10k
Price spread, last 4 days (all we have)−0.269%−$27 · spread now −0.360%, 7d avg −0.507%
Together, before fees+1.023%+$102 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$72 a day on $10k at the current rate, and MEXC is 0.147% dearer against Gate than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.507%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.292% in total (about 67.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ZIL_USDT0.003607−0.3352get 0.1676% / 4h2h 38m$383K$339K50x
ShortMEXC ZIL_USDT0.003594−0.0964pay 0.0482% / 4h2h 38m$2.3M$734K125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$501.48
Price spread: −0.360% → −0.507%
$14.68
Slippage, 4 orders
−$136.59
Fee Gate: 7.5 bp × 2 orders
−$15
Fee MEXC: 2 bp × 2 orders
−$4
Net
$360.57
Costs to cover
1.556%
Break-even
2.0 days
Slippage from Gate: live order book, 7 min ago; MEXC: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 7 min ago2.74 bp68.5 bp −$68doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago2.78 bp8.6 bp −$933.7 bp −$337237.2 bp −$23.7Kdoesn't fit

ZIL on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ZILUSD−0.3612%1h0.003607−0.004%$29K$7K10xas long as short
Gate ZIL_USDTlong−0.3352%4h0.003607long leg$383K$339K50x
KuCoin ZILUSDTM−0.2430%4h0.003618+0.305%$2.4M$212K25xas long as short
Bybit ZILUSDT−0.1671%8h0.003604−0.083%$2.8M$3.3M25xas long as short
BingX ZIL-USDT−0.1542%4h0.003601−0.166%—$2.5M—as long as short
OKX ZIL-USDT-SWAP−0.1371%4h0.003603−0.111%$1.0M$2.6M20xas long as short
Variational Omni ZIL−0.1282%8h0.003610+0.095%$16K$22K—as long as short
MEXC ZIL_USDTshort−0.0964%4h0.003594−0.360%$2.3M$734K125x
Binance ZILUSDT−0.0963%4h0.003595−0.345%$4.3M$10.1M25xas long as short
BloFin ZIL-USDT−0.0931%4h0.003599−0.222%$254K$140K25xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ZILUSDT−0.0911%4h0.003584−0.642%$146K$52K10xas long as short
Bitget ZILUSDT−0.0598%4h0.003600−0.194%$1.2M$808K25xas long as short