Funding arb · Price arb /

ZIL

all ZIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0248%/8h= −27.1% APRpaid last 24h −0.090%

Price spread now: BloFin against Variational Omni−0.152%116s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.152% cheaper against Variational Omni than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 116 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	Variational Omni ZIL	0.003617	−0.0437	get 0.0437% / 8h	3m 17s	$16K	$26K	—
Short	BloFin ZIL-USDT	0.003611	−0.0684	pay 0.0342% / 4h	3m 17s	$256K	$157K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BloFinbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$52.04
Price spread: −0.152% → 0.000%: −$15.24
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$79.28
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; BloFin: live order book, 3 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	4.16 bp	19.4 bp −$19	40.6 bp −$406	doesn't fit	doesn't fit

Variational Omni: 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 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	−0.3234%	1h	0.003628	+0.311%	$29K	$8K	10x	as long as short
KuCoin ZILUSDTM	−0.1772%	4h	0.003641	+0.677%	$2.4M	$220K	25x	as long as short
Gate ZIL_USDT	−0.0986%	4h	0.003626	+0.262%	$410K	$326K	50x	as long as short
OKX ZIL-USDT-SWAP	−0.0984%	4h	0.003622	+0.152%	$1.0M	$2.9M	20x	as long as short
BingX ZIL-USDT	−0.0944%	4h	0.003621	+0.124%	—	$2.5M	—	as long as short
Bitget ZILUSDT	−0.0880%	4h	0.003619	+0.069%	$1.2M	$825K	25x	as long as short
Aster ZILUSDT	−0.0836%	4h	0.003611	−0.158%	$146K	$50K	10x	as long as short
BloFin ZIL-USDTshort	−0.0684%	4h	0.003611	−0.152%	$256K	$157K	25x
Binance ZILUSDT	−0.0640%	4h	0.003613	−0.087%	$4.4M	$11.0M	25x	as long as short
MEXC ZIL_USDT	−0.0638%	4h	0.003613	−0.097%	$2.4M	$881K	125x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ZILUSDT	−0.0479%	8h	0.003623	+0.179%	$2.9M	$4.0M	25x	as long as short
Variational Omni ZILlong	−0.0437%	8h	0.003617	long leg	$16K	$26K	—