Funding arb · Price arb /

ZIL

all ZIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1313%/8h= +143.8% APRpaid last 24h +0.651%

Price spread now: KuCoin against Kraken Futures+0.459%52s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and KuCoin is 0.459% dearer against Kraken Futures than usual: you sell high and buy low: +$46 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Kraken Futures PF_ZILUSD	0.003716	−0.3879	get 0.0485% / 1h	47m 33s	$30K	$8K	10x
Short	KuCoin ZILUSDTM	0.003733	−0.2566	pay 0.1283% / 4h	3h 47m	$2.4M	$212K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now +0.459%Rate

Funding earned: $275.71
Price spread: +0.459% → 0.000%: $45.87
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $299.58
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 4 min ago. Net counts fees only.

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 Kraken Futures no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 4 min ago	6.70 bp	131.6 bp −$132	407.0 bp −$4,070	doesn't fit	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_ZILUSDlong	−0.3879%	1h	0.003716	long leg	$30K	$8K	10x
Gate ZIL_USDT	−0.3432%	4h	0.003714	−0.053%	$401K	$339K	50x	as long as short
KuCoin ZILUSDTMshort	−0.2566%	4h	0.003733	+0.459%	$2.4M	$212K	25x
Bybit ZILUSDT	−0.1904%	8h	0.003702	−0.376%	$2.9M	$3.3M	25x	as long as short
BingX ZIL-USDT	−0.1704%	4h	0.003700	−0.429%	—	$2.5M	—	as long as short
OKX ZIL-USDT-SWAP	−0.1630%	4h	0.003703	−0.349%	$1.0M	$2.7M	20x	as long as short
Variational Omni ZIL	−0.1266%	8h	0.003705	−0.285%	$16K	$22K	—	as long as short
BloFin ZIL-USDT	−0.1001%	4h	0.003693	−0.618%	$257K	$151K	25x	as long as short
Aster ZILUSDT	−0.0983%	4h	0.003700	−0.429%	$151K	$57K	10x	as long as short
Binance ZILUSDT	−0.0950%	4h	0.003695	−0.564%	$4.5M	$10.1M	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ZIL_USDT	−0.0946%	4h	0.003694	−0.591%	$2.5M	$738K	125x	as long as short
Bitget ZILUSDT	−0.0634%	4h	0.003701	−0.402%	$1.3M	$841K	25x	as long as short