ZIL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1804%/8h= −197.5% APRnext payment −$9.02 per $10,000 · paid last 24h +0.226%

Price spread now: Gate against OKX+0.277%7-day average +0.360% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$217as in the Price arb table

costs, in and out, $10k−$2092.089% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+1.104%+$110 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.277%, 7d avg +0.360%

Together, before fees+1.055%+$106 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$54 a day on $10k at the current rate, and Gate is 0.083% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.360%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.104%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.104% in total (about 57.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.02 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	OKX ZIL-USDT-SWAP	0.003609	−0.0636	get 0.0318% / 4h	1h 52m	$1.0M	$2.9M	20x
Short	Gate ZIL_USDT	0.003619	−0.2440	pay 0.1220% / 4h	1h 52m	$415K	$323K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.277%Rate

Funding earned: −$378.84
Price spread: +0.277% → +0.360%: −$8.3
Slippage, 4 orders: −$183.93
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$596.07
Costs to cover: 2.089%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 27 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, 4 min ago	4.16 bp	24.4 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 27 min ago	6.90 bp	77.7 bp −$78	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	−0.2973%	1h	0.003626	+0.483%	$29K	$8K	10x	as long as short
Gate ZIL_USDTshort	−0.2440%	4h	0.003619	+0.277%	$415K	$323K	50x
KuCoin ZILUSDTM	−0.1876%	4h	0.003631	+0.610%	$2.4M	$221K	25x	as long as short
OKX ZIL-USDT-SWAPlong	−0.0636%	4h	0.003609	long leg	$1.0M	$2.9M	20x
BingX ZIL-USDT	−0.0584%	4h	0.003612	+0.083%	—	$2.5M	—	as long as short
Bitget ZILUSDT	−0.0572%	4h	0.003606	−0.083%	$1.2M	$854K	25x	as long as short
Bybit ZILUSDT	−0.0554%	8h	0.003611	+0.055%	$2.9M	$4.1M	25x	as long as short
Aster ZILUSDT	−0.0507%	4h	0.003600	−0.257%	$145K	$50K	10x	as long as short
Binance ZILUSDT	−0.0475%	4h	0.003600	−0.246%	$4.4M	$11.2M	25x	as long as short
MEXC ZIL_USDT	−0.0472%	4h	0.003600	−0.249%	$2.4M	$898K	125x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ZIL-USDT	−0.0444%	4h	0.003608	−0.028%	$255K	$159K	25x	as long as short
Variational Omni ZIL	−0.0422%	8h	0.003612	+0.088%	$16K	$26K	—	as long as short