Funding you earn now, next payment 08:00 UTC+0.2010%/8h= +220.1% APRnext payment +$10.05 per $10,000 · paid last 24h +0.015%
Price spread now: BingX against KuCoin−0.697%7-day average −0.575% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$264as in the Price arb table
costs, in and out, $10k−$2522.520% of the position
Funding, last 7 days+0.765%+$77 on $10k
+Price spread, last 7 days+0.234%+$23 · spread now −0.697%, 7d avg −0.575%
=Funding pays, the price is against you. BingX is 0.122% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.697% now, against its 7-day average of −0.575%). If the spread goes back, that is −$12 on $10k: about 5 hours of funding at the current rate (+$60 a day). At the pace of the last 7 days (+0.765% in total) that is about 27 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.765% in total (about 39.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.05 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 | KuCoin ZILUSDTM | 0.003728 | −0.2300 | get 0.1150% / 4h | 40m 38s | $2.4M | $215K | 25x |
| Short | BingX ZIL-USDT | 0.003702 | −0.0290 | pay 0.0145% / 4h | 40m 38s | — | $2.5M | — |
KuCoin ZILUSDTM
BingX ZIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. 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
- $422.1
- Price spread: −0.697% → −0.575%
- −$12.24
- Slippage, 4 orders
- −$230.03
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $157.83
- Costs to cover
- 2.520%
- Break-even
- 4.4 days
Slippage from KuCoin: live order book, 6 min ago; BingX: live order book, 8 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 KuCoin live order book, 6 min ago | 6.74 bp | 67.9 bp −$68 | 304.3 bp −$3,043 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 4.07 bp | 17.0 bp −$17 | 52.0 bp −$520 | 415.3 bp −$41.5K | 502.9 bp −$251.5K |
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 | −0.3560% | 1h | 0.003709 | −0.519% | $30K | $7K | 10x | as long as short |
| KuCoin ZILUSDTMlong | −0.2300% | 4h | 0.003728 | long leg | $2.4M | $215K | 25x | |
| Bybit ZILUSDT | −0.1337% | 8h | 0.003703 | −0.671% | $2.9M | $3.2M | 25x | as long as short |
| Gate ZIL_USDT | −0.1136% | 4h | 0.003709 | −0.510% | $381K | $341K | 50x | as long as short |
| Variational Omni ZIL | −0.1102% | 8h | 0.003704 | −0.636% | $16K | $22K | — | as long as short |
| BloFin ZIL-USDT | −0.0885% | 4h | 0.003690 | −1.019% | $258K | $146K | 25x | as long as short |
| Binance ZILUSDT | −0.0825% | 4h | 0.003694 | −0.924% | $4.4M | $9.9M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0824% | 4h | 0.003695 | −0.885% | $2.4M | $710K | 125x | as long as short |
| OKX ZIL-USDT-SWAP | −0.0704% | 4h | 0.003703 | −0.671% | $1.0M | $2.6M | 20x | as long as short |
| Aster ZILUSDT | −0.0665% | 4h | 0.003691 | −1.001% | $151K | $47K | 10x | as long as short |
Kraken Futures PF_ZILUSD
Bybit ZILUSDT
Gate ZIL_USDT
Variational Omni ZIL
BloFin ZIL-USDT
Binance ZILUSDT
MEXC ZIL_USDT
OKX ZIL-USDT-SWAP
Aster ZILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZILUSDT | −0.0416% | 4h | 0.003697 | −0.832% | $1.3M | $794K | 25x | as long as short |
| BingX ZIL-USDTshort | −0.0290% | 4h | 0.003702 | −0.697% | — | $2.5M | — |
Bitget ZILUSDT