Funding you earn now, next payment 12:00 UTC+0.0624%/8h= +68.4% APRnext payment +$3.12 per $10,000 · paid last 24h +0.083%
Price spread now: BloFin against OKX−0.027%83s7-day average −0.180% · you buy dearer than you sell
Net, funding: paid 7d − costs+$30as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1031.031% of the position
Funding, last 7 days+1.332%+$133 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.027%, 7d avg −0.180%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and BloFin is 0.153% dearer against OKX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.180%. The two prices were read 83 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 | OKX ZIL-USDT-SWAP | 0.003705 | −0.1187 | get 0.0593% / 4h | 51m 47s | $1.0M | $2.2M | 20x |
| Short | BloFin ZIL-USDT | 0.003704 | −0.0562 | pay 0.0281% / 4h | 51m 47s | $261K | $77K | 25x |
OKX ZIL-USDT-SWAP
BloFin ZIL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- $131.14
- Price spread: −0.027% → −0.180%
- $15.35
- Slippage, 4 orders
- −$81.15
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $43.34
- Costs to cover
- 1.031%
- Break-even
- 4.7 days
Slippage from OKX: live order book, 3 min ago; BloFin: live order book, 47 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 OKX live order book, 3 min ago | 2.69 bp | 23.6 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 47 min ago | 4.06 bp | 16.1 bp −$16 | 44.3 bp −$443 | 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 | −0.2948% | 1h | 0.003713 | +0.225% | $30K | $6K | 10x | as long as short |
| Gate ZIL_USDT | −0.2446% | 4h | 0.003723 | +0.486% | $370K | $365K | 50x | as long as short |
| KuCoin ZILUSDTM | −0.1850% | 4h | 0.003733 | +0.756% | $2.5M | $180K | 25x | as long as short |
| OKX ZIL-USDT-SWAPlong | −0.1187% | 4h | 0.003705 | long leg | $1.0M | $2.2M | 20x | |
| BingX ZIL-USDT | −0.1130% | 4h | 0.003710 | +0.135% | — | $2.4M | — | as long as short |
| Bybit ZILUSDT | −0.0941% | 8h | 0.003706 | +0.027% | $2.9M | $2.0M | 25x | as long as short |
| Variational Omni ZIL | −0.0780% | 8h | 0.003696 | −0.256% | $17K | $8K | — | as long as short |
| Binance ZILUSDT | −0.0574% | 4h | 0.003700 | −0.142% | $4.4M | $8.5M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0572% | 4h | 0.003701 | −0.108% | $2.2M | $568K | 125x | as long as short |
| BloFin ZIL-USDTshort | −0.0562% | 4h | 0.003704 | −0.027% | $261K | $77K | 25x |
Kraken Futures PF_ZILUSD
Gate ZIL_USDT
KuCoin ZILUSDTM
BingX ZIL-USDT
Bybit ZILUSDT
Variational Omni ZIL
Binance ZILUSDT
MEXC ZIL_USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZILUSDT | −0.0554% | 4h | 0.003703 | −0.054% | $1.3M | $794K | 25x | as long as short |
| Aster ZILUSDT | −0.0379% | 4h | 0.003700 | −0.135% | $151K | $44K | 10x | as long as short |
Bitget ZILUSDT
Aster ZILUSDT