Funding arb · Price arb /

ZIL

all ZIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.2693%/8h= −294.8% APRpaid last 24h −0.794%

Price spread now: Kraken Futures against MEXC+0.086%51s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.086% dearer against MEXC than usual: you sell high and buy low (spread +0.086% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$81 a day in funding at the current rate, which eats that in about 3 hours. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ZIL_USDT	0.003678	−0.0702	get 0.0351% / 4h	1h 27m	$2.2M	$604K	125x
Short	Kraken Futures PF_ZILUSD	0.003681	−0.3395	pay 0.0424% / 1h	27m 22s	$30K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.086%Rate

Funding earned: −$565.46
Price spread: +0.086% → 0.000%: $8.65
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$570.82
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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	1.36 bp	6.7 bp −$7	58.6 bp −$586	251.9 bp −$25.2K	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_ZILUSDshort	−0.3395%	1h	0.003681	+0.086%	$30K	$7K	10x
Gate ZIL_USDT	−0.3102%	4h	0.003693	+0.408%	$367K	$392K	50x	as long as short
KuCoin ZILUSDTM	−0.1994%	4h	0.003696	+0.489%	$2.4M	$189K	25x	as long as short
OKX ZIL-USDT-SWAP	−0.1218%	4h	0.003688	+0.272%	$994K	$2.3M	20x	as long as short
BingX ZIL-USDT	−0.1164%	4h	0.003685	+0.190%	—	$2.5M	—	as long as short
Bybit ZILUSDT	−0.1149%	8h	0.003689	+0.299%	$2.9M	$2.1M	25x	as long as short
Variational Omni ZIL	−0.0910%	8h	0.003674	−0.119%	$17K	$10K	—	as long as short
Binance ZILUSDT	−0.0702%	4h	0.003679	+0.026%	$4.4M	$8.7M	25x	as long as short
MEXC ZIL_USDTlong	−0.0702%	4h	0.003678	long leg	$2.2M	$604K	125x
BloFin ZIL-USDT	−0.0688%	4h	0.003667	−0.299%	$260K	$91K	25x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZILUSDT	−0.0662%	4h	0.003682	+0.109%	$1.3M	$812K	25x	as long as short
Aster ZILUSDT	−0.0505%	4h	0.003685	+0.187%	$150K	$44K	10x	as long as short