Funding you earn now, next payment 00:00 UTC+0.1182%/8h= +129.4% APRnext payment +$5.91 per $10,000 · paid last 24h −0.091%
Price spread now: MEXC against KuCoin−0.767%7-day average −0.637% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$2002.004% of the position
Funding, last 7 days+0.873%+$87 on $10k
+Price spread, last 7 days+0.474%+$47 · spread now −0.767%, 7d avg −0.637%
=Funding pays, the price is against you. MEXC is 0.130% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.767% now, against its 7-day average of −0.637%). If the spread goes back, that is −$13 on $10k: about 9 hours of funding at the current rate (+$35 a day). At the pace of the last 7 days (+0.873% in total) that is about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZILUSDTM | 0.003649 | −0.1774 | get 0.0887% / 4h | 21m 16s | $2.4M | $220K | 25x |
| Short | MEXC ZIL_USDT | 0.003621 | −0.0592 | pay 0.0296% / 4h | 21m 16s | $2.4M | $880K | 125x |
KuCoin ZILUSDTM
MEXC ZIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $248.22
- Price spread: −0.767% → −0.637%
- −$13
- Slippage, 4 orders
- −$184.4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $34.82
- Costs to cover
- 2.004%
- Break-even
- 6.0 days
Slippage from KuCoin: live order book, 5 min ago; MEXC: 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, 5 min ago | 5.48 bp | 77.5 bp −$78 | 408.6 bp −$4,086 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.38 bp | 6.8 bp −$7 | 36.0 bp −$360 | 245.0 bp −$24.5K | 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 | −0.3227% | 1h | 0.003636 | −0.350% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTMlong | −0.1774% | 4h | 0.003649 | long leg | $2.4M | $220K | 25x | |
| OKX ZIL-USDT-SWAP | −0.0982% | 4h | 0.003625 | −0.658% | $1.0M | $2.9M | 20x | as long as short |
| BingX ZIL-USDT | −0.0918% | 4h | 0.003625 | −0.658% | — | $2.5M | — | as long as short |
| Gate ZIL_USDT | −0.0904% | 4h | 0.003630 | −0.521% | $410K | $325K | 50x | as long as short |
| Bitget ZILUSDT | −0.0852% | 4h | 0.003624 | −0.685% | $1.2M | $829K | 25x | as long as short |
| Aster ZILUSDT | −0.0728% | 4h | 0.003618 | −0.849% | $146K | $50K | 10x | as long as short |
| BloFin ZIL-USDT | −0.0652% | 4h | 0.003623 | −0.713% | $257K | $157K | 25x | as long as short |
| Binance ZILUSDT | −0.0597% | 4h | 0.003622 | −0.748% | $4.4M | $11.1M | 25x | as long as short |
| MEXC ZIL_USDTshort | −0.0592% | 4h | 0.003621 | −0.767% | $2.4M | $880K | 125x |
Kraken Futures PF_ZILUSD
OKX ZIL-USDT-SWAP
BingX ZIL-USDT
Gate ZIL_USDT
Bitget ZILUSDT
Aster ZILUSDT
BloFin ZIL-USDT
Binance ZILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZILUSDT | −0.0498% | 8h | 0.003628 | −0.576% | $2.9M | $4.0M | 25x | as long as short |
| Variational Omni ZIL | −0.0442% | 8h | 0.003628 | −0.575% | $16K | $26K | — | as long as short |
Bybit ZILUSDT
Variational Omni ZIL