Funding you earn now, next payment 12:00 UTC−0.2015%/8h= −220.6% APRpaid last 24h −0.091%
Price spread now: Gate against Bybit+0.322%7-day average +0.257% · you sell dearer than you buy
Net, funding: paid 7d − costs−$326as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$2052.048% of the position
Funding, last 7 days−1.217%−$122 on $10k
+Price spread, last 4 days (all we have)−0.289%−$29 · spread now +0.322%, 7d avg +0.257%
=The price spread pays, funding is against you. Gate is 0.065% dearer against Bybit than usual: you sell high and buy low (spread +0.322% now, against its 7-day average of +0.257%): +$6 on $10k if it goes back. Holding the pair costs −$60 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−1.217% in total) that is about 9 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.217% in total (about -63.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZILUSDT | 0.003730 | −0.1475 | get 0.1475% / 8h | 6h 00m | $2.9M | $2.2M | 25x |
| Short | Gate ZIL_USDT | 0.003742 | −0.3490 | pay 0.1745% / 4h | 2h 00m | $369K | $402K | 50x |
Bybit ZILUSDT
Gate ZIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- −$423.07
- Price spread: +0.322% → +0.257%
- $6.45
- Slippage, 4 orders
- −$178.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$621.39
- Costs to cover
- 2.048%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 47 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, 5 min ago | 2.68 bp | 42.0 bp −$42 | 293.4 bp −$2,934 | doesn't fit | doesn't fit |
| Sell Gate live order book, 47 min ago | 2.67 bp | 69.5 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
ZIL on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZIL_USDTshort | −0.3490% | 4h | 0.003742 | +0.322% | $369K | $402K | 50x | |
| Kraken Futures PF_ZILUSD | −0.3302% | 1h | 0.003736 | +0.157% | $30K | $7K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.1942% | 4h | 0.003748 | +0.483% | $2.5M | $190K | 25x | as long as short |
| Bybit ZILUSDTlong | −0.1475% | 8h | 0.003730 | long leg | $2.9M | $2.2M | 25x | |
| OKX ZIL-USDT-SWAP | −0.1267% | 4h | 0.003732 | +0.054% | $1.0M | $2.3M | 20x | as long as short |
| Variational Omni ZIL | −0.0980% | 8h | 0.003740 | +0.271% | $17K | $17K | — | as long as short |
| BloFin ZIL-USDT | −0.0775% | 4h | 0.003716 | −0.375% | $264K | $109K | 25x | as long as short |
| Binance ZILUSDT | −0.0748% | 4h | 0.003722 | −0.214% | $4.5M | $8.8M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0744% | 4h | 0.003724 | −0.161% | $2.2M | $658K | 125x | as long as short |
| Bitget ZILUSDT | −0.0674% | 4h | 0.003725 | −0.134% | $1.3M | $784K | 25x | as long as short |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
OKX ZIL-USDT-SWAP
Variational Omni ZIL
BloFin ZIL-USDT
Binance ZILUSDT
MEXC ZIL_USDT
Bitget ZILUSDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZILUSDT | −0.0579% | 4h | 0.003720 | −0.259% | $152K | $45K | 10x | as long as short |
| BingX ZIL-USDT | −0.0258% | 4h | 0.003731 | +0.027% | — | $2.5M | — | as long as short |
Aster ZILUSDT
BingX ZIL-USDT