Funding arb · Price arb /

ZIL

all ZIL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0511%/8h= +55.9% APRpaid last 24h +0.009%

Price spread now: Bitget against Bybit+0.082%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1211.214% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 4 days (all we have)−0.265%−$26 · spread now +0.082%, 7d avg −0.048%

Together, before fees−0.121%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Bitget is 0.131% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.048%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.144% in total (about 7.5% a year). A funding rate is set anew for every payment. 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	Bybit ZILUSDT	0.003640	−0.1339	get 0.1339% / 8h	7h 35m	$2.9M	$3.9M	25x
Short	Bitget ZILUSDT	0.003643	−0.0828	pay 0.0414% / 4h	3h 35m	$1.3M	$884K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.082%Rate

Funding earned: $107.29
Price spread: +0.082% → −0.048%: $13.08
Slippage, 4 orders: −$98.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1.02
Costs to cover: 1.214%
Break-even: 7.1 days

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 6 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 Bybit live order book, 2 min ago	2.75 bp	34.9 bp −$35	120.3 bp −$1,203	doesn't fit	doesn't fit
Sell Bitget live order book, 6 min ago	2.74 bp	27.5 bp −$27	95.6 bp −$956	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	−0.3483%	1h	0.003651	+0.300%	$30K	$8K	10x	as long as short
Gate ZIL_USDT	−0.3088%	4h	0.003650	+0.275%	$414K	$324K	50x	as long as short
KuCoin ZILUSDTM	−0.1872%	4h	0.003666	+0.714%	$2.4M	$223K	25x	as long as short
Bybit ZILUSDTlong	−0.1339%	8h	0.003640	long leg	$2.9M	$3.9M	25x
BingX ZIL-USDT	−0.1038%	4h	0.003640	0.000%	—	$2.5M	—	as long as short
OKX ZIL-USDT-SWAP	−0.0940%	4h	0.003645	+0.137%	$1.0M	$2.8M	20x	as long as short
Bitget ZILUSDTshort	−0.0828%	4h	0.003643	+0.082%	$1.3M	$884K	25x
Aster ZILUSDT	−0.0824%	4h	0.003638	−0.057%	$147K	$50K	10x	as long as short
BloFin ZIL-USDT	−0.0722%	4h	0.003641	+0.027%	$257K	$156K	25x	as long as short
Binance ZILUSDT	−0.0702%	4h	0.003635	−0.145%	$4.5M	$10.9M	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ZIL_USDT	−0.0702%	4h	0.003635	−0.137%	$2.4M	$860K	125x	as long as short
Variational Omni ZIL	−0.0522%	8h	0.003640	+0.012%	$16K	$26K	—	as long as short