Funding arb · Price arb /

ZIL

all ZIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2550%/8h= +279.2% APRpaid last 24h +0.859%

Price spread now: Variational Omni against Kraken Futures−0.351%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.351% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.351% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 11 hours of funding at the current rate (+$77 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ZILUSD	0.003713	−0.3882	get 0.0485% / 1h	30m 45s	$30K	$8K	10x
Short	Variational Omni ZIL	0.003700	−0.1331	pay 0.1331% / 8h	3h 30m	$16K	$22K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.351%Rate

Funding earned: $535.54
Price spread: −0.351% → 0.000%: −$35.1
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $490.44
Costs to cover: 0.100%
Break-even: 0.6 days

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: no order-book sample. 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 Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and Variational Omni: 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	−0.3882%	1h	0.003713	long leg	$30K	$8K	10x
Gate ZIL_USDT	−0.3842%	4h	0.003710	−0.091%	$398K	$344K	50x	as long as short
KuCoin ZILUSDTM	−0.2586%	4h	0.003723	+0.259%	$2.4M	$212K	25x	as long as short
Bybit ZILUSDT	−0.1943%	8h	0.003701	−0.334%	$2.9M	$3.3M	25x	as long as short
BingX ZIL-USDT	−0.1740%	4h	0.003699	−0.387%	—	$2.5M	—	as long as short
OKX ZIL-USDT-SWAP	−0.1656%	4h	0.003702	−0.307%	$1.0M	$2.7M	20x	as long as short
Variational Omni ZILshort	−0.1331%	8h	0.003700	−0.351%	$16K	$22K	—
Aster ZILUSDT	−0.1031%	4h	0.003690	−0.630%	$151K	$57K	10x	as long as short
Binance ZILUSDT	−0.1009%	4h	0.003693	−0.546%	$4.4M	$10.0M	25x	as long as short
MEXC ZIL_USDT	−0.1008%	4h	0.003696	−0.468%	$2.4M	$743K	125x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ZIL-USDT	−0.0954%	4h	0.003689	−0.657%	$259K	$146K	25x	as long as short
Bitget ZILUSDT	−0.0728%	4h	0.003699	−0.387%	$1.3M	$837K	25x	as long as short