Funding you earn now, next payment 00:00 UTC−0.0306%/8h= −33.5% APRnext payment −$1.53 per $10,000 · paid last 24h −0.111%
Price spread now: BingX against MEXC+0.166%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$470.469% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 7 days−0.155%−$16 · spread now +0.166%, 7d avg +0.075%
=The price spread pays, funding is against you. BingX is 0.091% dearer against MEXC than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of +0.075%): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.042% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.042% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.53 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 | MEXC ZIL_USDT | 0.003619 | −0.0638 | get 0.0319% / 4h | 1m 48s | $2.4M | $882K | 125x |
| Short | BingX ZIL-USDT | 0.003625 | −0.0944 | pay 0.0472% / 4h | 1m 48s | — | $2.5M | — |
MEXC ZIL_USDT
BingX ZIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- −$64.26
- Price spread: +0.166% → +0.075%
- $9.08
- Slippage, 4 orders
- −$32.86
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$102.04
- Costs to cover
- 0.469%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 7 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 MEXC live order book, 5 min ago | 1.39 bp | 7.5 bp −$8 | 33.2 bp −$332 | 232.0 bp −$23.2K | doesn't fit |
| Sell BingX live order book, 7 min ago | 2.76 bp | 20.0 bp −$20 | 48.4 bp −$484 | 382.2 bp −$38.2K | 463.1 bp −$231.6K |
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 | +0.462% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.1770% | 4h | 0.003647 | +0.774% | $2.4M | $220K | 25x | as long as short |
| Gate ZIL_USDT | −0.1004% | 4h | 0.003630 | +0.304% | $410K | $327K | 50x | as long as short |
| OKX ZIL-USDT-SWAP | −0.0981% | 4h | 0.003627 | +0.221% | $1.0M | $2.9M | 20x | as long as short |
| BingX ZIL-USDTshort | −0.0944% | 4h | 0.003625 | +0.166% | — | $2.5M | — | |
| Bitget ZILUSDT | −0.0882% | 4h | 0.003627 | +0.221% | $1.2M | $824K | 25x | as long as short |
| Aster ZILUSDT | −0.0831% | 4h | 0.003617 | −0.056% | $146K | $50K | 10x | as long as short |
| BloFin ZIL-USDT | −0.0681% | 4h | 0.003615 | −0.111% | $256K | $157K | 25x | as long as short |
| Binance ZILUSDT | −0.0644% | 4h | 0.003619 | 0.000% | $4.4M | $11.0M | 25x | as long as short |
| MEXC ZIL_USDTlong | −0.0638% | 4h | 0.003619 | long leg | $2.4M | $882K | 125x |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Gate ZIL_USDT
OKX ZIL-USDT-SWAP
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 | −0.0479% | 8h | 0.003625 | +0.166% | $2.9M | $4.0M | 25x | as long as short |
| Variational Omni ZIL | −0.0437% | 8h | 0.003617 | −0.069% | $16K | $26K | — | as long as short |
Bybit ZILUSDT
Variational Omni ZIL