Funding you earn now, next payment 08:00 UTC−0.1930%/8h= −211.3% APRnext payment −$9.65 per $10,000 · paid last 24h +0.006%
Price spread now: Gate against MEXC+0.413%7-day average +0.507% · you sell dearer than you buy
Net, funding: paid 7d − costs−$281as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1521.522% of the position
Funding, last 7 days−1.292%−$129 on $10k
+Price spread, last 4 days (all we have)+0.217%+$22 · spread now +0.413%, 7d avg +0.507%
=Both sides work against this trade now: funding costs −$58 a day on $10k at the current rate, and Gate is 0.095% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.507%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.292% in total (about -67.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.65 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 | 0.003635 | −0.0852 | get 0.0426% / 4h | 1h 59m | $2.4M | $723K | 125x |
| Short | Gate ZIL_USDT | 0.003650 | −0.2782 | pay 0.1391% / 4h | 1h 59m | $386K | $328K | 50x |
MEXC ZIL_USDT
Gate ZIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$405.3
- Price spread: +0.413% → +0.507%
- −$9.45
- Slippage, 4 orders
- −$133.22
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$566.97
- Costs to cover
- 1.522%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 46 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, 3 min ago | 1.38 bp | 6.4 bp −$6 | 43.6 bp −$436 | 252.6 bp −$25.3K | doesn't fit |
| Sell Gate live order book, 46 min ago | 2.74 bp | 70.6 bp −$71 | doesn't fit | 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 | −0.3371% | 1h | 0.003650 | +0.415% | $30K | $7K | 10x | as long as short |
| Gate ZIL_USDTshort | −0.2782% | 4h | 0.003650 | +0.413% | $386K | $328K | 50x | |
| KuCoin ZILUSDTM | −0.2404% | 4h | 0.003664 | +0.798% | $2.4M | $214K | 25x | as long as short |
| Bybit ZILUSDT | −0.1543% | 8h | 0.003645 | +0.275% | $2.9M | $3.2M | 25x | as long as short |
| Variational Omni ZIL | −0.1243% | 8h | 0.003643 | +0.215% | $16K | $22K | — | as long as short |
| OKX ZIL-USDT-SWAP | −0.1045% | 4h | 0.003643 | +0.220% | $1.0M | $2.6M | 20x | as long as short |
| BloFin ZIL-USDT | −0.0879% | 4h | 0.003629 | −0.165% | $251K | $144K | 25x | as long as short |
| Binance ZILUSDT | −0.0852% | 4h | 0.003636 | +0.028% | $4.3M | $10.1M | 25x | as long as short |
| MEXC ZIL_USDTlong | −0.0852% | 4h | 0.003635 | long leg | $2.4M | $723K | 125x | |
| Aster ZILUSDT | −0.0787% | 4h | 0.003621 | −0.393% | $148K | $52K | 10x | as long as short |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Bybit ZILUSDT
Variational Omni ZIL
OKX ZIL-USDT-SWAP
BloFin ZIL-USDT
Binance ZILUSDT
Aster ZILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZILUSDT | −0.0408% | 4h | 0.003639 | +0.110% | $1.3M | $809K | 25x | as long as short |
| BingX ZIL-USDT | −0.0302% | 4h | 0.003639 | +0.110% | — | $2.5M | — | as long as short |
Bitget ZILUSDT
BingX ZIL-USDT