Funding you earn now, next payment 04:00 UTC−0.1898%/8h= −207.8% APRnext payment −$9.49 per $10,000 · paid last 24h −0.078%
Price spread now: KuCoin against Bitget+0.600%7-day average +0.616% · you sell dearer than you buy
Net, funding: paid 7d − costs−$343as in the Funding arb table
Net, price: spread back to 7d avg − costs−$237as in the Price arb table
costs, in and out, $10k−$2352.355% of the position
Funding, last 7 days−1.077%−$108 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.600%, 7d avg +0.616%
=The price spread sits at its 7-day average of +0.616%, so right now this pair is about funding alone: −$57 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.077% in total (about -56.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.49 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 | Bitget ZILUSDT | 0.003665 | −0.0406 | get 0.0203% / 4h | 2h 19m | $1.3M | $866K | 25x |
| Short | KuCoin ZILUSDTM | 0.003687 | −0.2304 | pay 0.1152% / 4h | 2h 19m | $2.4M | $221K | 25x |
Bitget ZILUSDT
KuCoin ZILUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- −$398.58
- Price spread: +0.600% → +0.616%
- −$1.62
- Slippage, 4 orders
- −$211.48
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$635.67
- Costs to cover
- 2.355%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 2 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 Bitget live order book, 2 min ago | 4.10 bp | 27.7 bp −$28 | 127.8 bp −$1,278 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 6.78 bp | 119.1 bp −$119 | 283.1 bp −$2,831 | doesn't fit | doesn't fit |
ZIL on 11 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 | −0.3593% | 1h | 0.003674 | +0.235% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTMshort | −0.2304% | 4h | 0.003687 | +0.600% | $2.4M | $221K | 25x | |
| Gate ZIL_USDT | −0.2146% | 4h | 0.003668 | +0.082% | $398K | $345K | 50x | as long as short |
| Bybit ZILUSDT | −0.1824% | 8h | 0.003662 | −0.082% | $2.9M | $3.6M | 25x | as long as short |
| BingX ZIL-USDT | −0.1672% | 4h | 0.003660 | −0.136% | — | $2.5M | — | as long as short |
| OKX ZIL-USDT-SWAP | −0.1177% | 4h | 0.003663 | −0.055% | $1.0M | $2.8M | 20x | as long as short |
| Aster ZILUSDT | −0.0902% | 4h | 0.003654 | −0.307% | $148K | $54K | 10x | as long as short |
| Variational Omni ZIL | −0.0890% | 8h | 0.003663 | −0.059% | $16K | $26K | — | as long as short |
| Binance ZILUSDT | −0.0776% | 4h | 0.003654 | −0.311% | $4.4M | $10.5M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0772% | 4h | 0.003655 | −0.273% | $2.5M | $847K | 125x | as long as short |
Kraken Futures PF_ZILUSD
Gate ZIL_USDT
Bybit ZILUSDT
BingX ZIL-USDT
OKX ZIL-USDT-SWAP
Aster ZILUSDT
Variational Omni ZIL
Binance ZILUSDT
MEXC ZIL_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZILUSDTlong | −0.0406% | 4h | 0.003665 | long leg | $1.3M | $866K | 25x |