Funding you earn now, next payment 12:00 UTC+0.0679%/8h= +74.3% APRnext payment +$3.39 per $10,000 · paid last 24h +0.160%
Price spread now: OKX against KuCoin−0.642%7-day average −0.343% · you buy dearer than you sell
Net, funding: paid 7d − costs−$273as in the Funding arb table
Net, price: spread back to 7d avg − costs−$283as in the Price arb table
costs, in and out, $10k−$2532.533% of the position
Funding, last 7 days−0.192%−$19 on $10k
+Price spread, last 7 days+2.171%+$217 · spread now −0.642%, 7d avg −0.343%
=Funding pays, the price is against you. OKX is 0.300% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.642% now, against its 7-day average of −0.343%). If the spread goes back, that is −$30 on $10k: about 35 hours of funding at the current rate (+$20 a day). Mind the row above: over the last 7 days funding on this pair cost −0.192%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.192% in total (about -10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.39 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZILUSDTM | 0.003737 | −0.1954 | get 0.0977% / 4h | 1h 56m | $2.5M | $190K | 25x |
| Short | OKX ZIL-USDT-SWAP | 0.003713 | −0.1275 | pay 0.0638% / 4h | 1h 56m | $1.0M | $2.3M | 20x |
KuCoin ZILUSDTM
OKX ZIL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $142.55
- Price spread: −0.642% → −0.343%
- −$29.97
- Slippage, 4 orders
- −$231.29
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$140.72
- Costs to cover
- 2.533%
- Break-even
- 13.9 days
Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago | 6.68 bp | 71.0 bp −$71 | 295.9 bp −$2,959 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.34 bp | 30.9 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
ZIL on 12 exchanges
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 | −0.3360% | 1h | 0.003720 | −0.466% | $30K | $7K | 10x | as long as short |
| Gate ZIL_USDT | −0.3356% | 4h | 0.003726 | −0.294% | $367K | $386K | 50x | as long as short |
| KuCoin ZILUSDTMlong | −0.1954% | 4h | 0.003737 | long leg | $2.5M | $190K | 25x | |
| Bybit ZILUSDT | −0.1467% | 8h | 0.003711 | −0.696% | $2.9M | $2.2M | 25x | as long as short |
| OKX ZIL-USDT-SWAPshort | −0.1275% | 4h | 0.003713 | −0.642% | $1.0M | $2.3M | 20x | |
| Variational Omni ZIL | −0.0987% | 8h | 0.003726 | −0.291% | $17K | $13K | — | as long as short |
| Binance ZILUSDT | −0.0749% | 4h | 0.003702 | −0.937% | $4.4M | $8.8M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0748% | 4h | 0.003703 | −0.910% | $2.2M | $590K | 125x | as long as short |
| BloFin ZIL-USDT | −0.0714% | 4h | 0.003710 | −0.723% | $264K | $106K | 25x | as long as short |
| Bitget ZILUSDT | −0.0682% | 4h | 0.003704 | −0.883% | $1.3M | $785K | 25x | as long as short |
Kraken Futures PF_ZILUSD
Gate ZIL_USDT
Bybit ZILUSDT
Variational Omni ZIL
Binance ZILUSDT
MEXC ZIL_USDT
BloFin ZIL-USDT
Bitget ZILUSDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZILUSDT | −0.0572% | 4h | 0.003700 | −0.997% | $151K | $45K | 10x | as long as short |
| BingX ZIL-USDT | −0.0262% | 4h | 0.003712 | −0.669% | — | $2.5M | — | as long as short |
Aster ZILUSDT
BingX ZIL-USDT