Funding you earn now, next payment 08:00 UTC−0.1553%/8h= −170.0% APRnext payment −$7.76 per $10,000 · paid last 24h −0.047%
Price spread now: KuCoin against OKX+0.620%7-day average +0.312% · you sell dearer than you buy
Net, funding: paid 7d − costs−$210as in the Funding arb table
Net, price: spread back to 7d avg − costs−$262as in the Price arb table
costs, in and out, $10k−$2932.933% of the position
Funding, last 7 days+0.835%+$83 on $10k
+Price spread, last 7 days−2.483%−$248 · spread now +0.620%, 7d avg +0.312%
=The price spread pays, funding is against you. KuCoin is 0.309% dearer against OKX than usual: you sell high and buy low (spread +0.620% now, against its 7-day average of +0.312%): +$31 on $10k if it goes back. Holding the pair costs −$47 a day in funding at the current rate, which eats that in about 16 hours. Mind the row above: over the last 7 days funding on this pair paid +0.835%, 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 0.835% in total (about 43.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.76 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 | 0.003708 | −0.0637 | get 0.0319% / 4h | 21m 22s | $1.0M | $2.6M | 20x |
| Short | KuCoin ZILUSDTM | 0.003731 | −0.2190 | pay 0.1095% / 4h | 21m 22s | $2.4M | $212K | 25x |
OKX ZIL-USDT-SWAP
KuCoin ZILUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$326.03
- Price spread: +0.620% → +0.312%
- $30.88
- Slippage, 4 orders
- −$271.26
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$588.41
- Costs to cover
- 2.933%
- Break-even
- never at this rate
Slippage from OKX: live order book, 6 min ago; KuCoin: live order book, 5 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, 6 min ago | 1.35 bp | 35.2 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 9.43 bp | 155.1 bp −$155 | 372.9 bp −$3,729 | 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 | −0.3558% | 1h | 0.003710 | +0.061% | $30K | $7K | 10x | as long as short |
| KuCoin ZILUSDTMshort | −0.2190% | 4h | 0.003731 | +0.620% | $2.4M | $212K | 25x | |
| Gate ZIL_USDT | −0.1312% | 4h | 0.003714 | +0.162% | $379K | $345K | 50x | as long as short |
| Bybit ZILUSDT | −0.1265% | 8h | 0.003708 | 0.000% | $2.9M | $3.1M | 25x | as long as short |
| Variational Omni ZIL | −0.1040% | 8h | 0.003690 | −0.477% | $16K | $20K | — | as long as short |
| Binance ZILUSDT | −0.0794% | 4h | 0.003702 | −0.162% | $4.4M | $9.9M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0794% | 4h | 0.003700 | −0.216% | $2.3M | $720K | 125x | as long as short |
| BloFin ZIL-USDT | −0.0789% | 4h | 0.003688 | −0.539% | $258K | $146K | 25x | as long as short |
| Aster ZILUSDT | −0.0640% | 4h | 0.003694 | −0.382% | $151K | $47K | 10x | as long as short |
| OKX ZIL-USDT-SWAPlong | −0.0637% | 4h | 0.003708 | long leg | $1.0M | $2.6M | 20x |
Kraken Futures PF_ZILUSD
Gate ZIL_USDT
Bybit ZILUSDT
Variational Omni ZIL
Binance ZILUSDT
MEXC ZIL_USDT
BloFin ZIL-USDT
Aster ZILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZILUSDT | −0.0354% | 4h | 0.003707 | −0.027% | $1.3M | $795K | 25x | as long as short |
| BingX ZIL-USDT | −0.0256% | 4h | 0.003704 | −0.108% | — | $2.5M | — | as long as short |
Bitget ZILUSDT
BingX ZIL-USDT