Funding you earn now, next payment 00:00 UTC+0.1262%/8h= +138.2% APRnext payment +$6.31 per $10,000 · paid last 24h +0.012%
Price spread now: Bitget against KuCoin−0.550%7-day average −0.615% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$239as in the Price arb table
costs, in and out, $10k−$2462.458% of the position
Funding, last 7 days+1.088%+$109 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.550%, 7d avg −0.615%
=Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Bitget is 0.065% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.615%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZILUSDTM | 0.003636 | −0.1916 | get 0.0958% / 4h | 1h 09m | $2.4M | $223K | 25x |
| Short | Bitget ZILUSDT | 0.003616 | −0.0654 | pay 0.0327% / 4h | 1h 09m | $1.2M | $842K | 25x |
KuCoin ZILUSDTM
Bitget ZILUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $265.02
- Price spread: −0.550% → −0.615%
- $6.47
- Slippage, 4 orders
- −$221.81
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $25.68
- Costs to cover
- 2.458%
- Break-even
- 6.3 days
Slippage from KuCoin: live order book, 2 min ago; Bitget: live order book, 1 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, 2 min ago | 5.50 bp | 92.4 bp −$92 | 447.7 bp −$4,477 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 1.38 bp | 23.2 bp −$23 | 110.4 bp −$1,104 | 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 | −0.2970% | 1h | 0.003630 | −0.169% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTMlong | −0.1916% | 4h | 0.003636 | long leg | $2.4M | $223K | 25x | |
| Gate ZIL_USDT | −0.1820% | 4h | 0.003624 | −0.330% | $412K | $327K | 50x | as long as short |
| OKX ZIL-USDT-SWAP | −0.0956% | 4h | 0.003620 | −0.440% | $1.0M | $2.8M | 20x | as long as short |
| BingX ZIL-USDT | −0.0906% | 4h | 0.003615 | −0.578% | — | $2.5M | — | as long as short |
| Aster ZILUSDT | −0.0658% | 4h | 0.003605 | −0.843% | $146K | $50K | 10x | as long as short |
| Bitget ZILUSDTshort | −0.0654% | 4h | 0.003616 | −0.550% | $1.2M | $842K | 25x | |
| Binance ZILUSDT | −0.0541% | 4h | 0.003611 | −0.678% | $4.4M | $11.1M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0538% | 4h | 0.003612 | −0.660% | $2.4M | $901K | 125x | as long as short |
| BloFin ZIL-USDT | −0.0514% | 4h | 0.003608 | −0.770% | $255K | $159K | 25x | as long as short |
Kraken Futures PF_ZILUSD
Gate ZIL_USDT
OKX ZIL-USDT-SWAP
BingX ZIL-USDT
Aster ZILUSDT
Binance ZILUSDT
MEXC ZIL_USDT
BloFin ZIL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZILUSDT | −0.0508% | 8h | 0.003618 | −0.495% | $2.9M | $4.1M | 25x | as long as short |
| Variational Omni ZIL | −0.0421% | 8h | 0.003618 | −0.508% | $16K | $26K | — | as long as short |
Bybit ZILUSDT
Variational Omni ZIL