Funding you earn now, next payment 04:00 UTC+0.1033%/8h= +113.1% APRpaid last 24h −0.065%
Price spread now: MEXC against Bybit−0.219%7-day average −0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$980.984% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 7 days+0.160%+$16 · spread now −0.219%, 7d avg −0.114%
=Funding pays, the price is against you. MEXC is 0.104% cheaper against Bybit than usual: you would sell low and buy high (spread −0.219% now, against its 7-day average of −0.114%). If the spread goes back, that is −$10 on $10k: about 8 hours of funding at the current rate (+$31 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.4% 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 | 0.003660 | −0.1811 | get 0.1811% / 8h | 6h 16m | $2.9M | $3.6M | 25x |
| Short | MEXC ZIL_USDT | 0.003652 | −0.0778 | pay 0.0389% / 4h | 2h 16m | $2.5M | $847K | 125x |
Bybit ZILUSDT
MEXC ZIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $216.95
- Price spread: −0.219% → −0.114%
- −$10.43
- Slippage, 4 orders
- −$83.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $108.13
- Costs to cover
- 0.984%
- Break-even
- 3.5 days
Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 1 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, 1 min ago | 2.74 bp | 40.0 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.37 bp | 7.9 bp −$8 | 28.7 bp −$287 | 218.4 bp −$21.8K | 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 | −0.3598% | 1h | 0.003668 | +0.223% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.2334% | 4h | 0.003682 | +0.601% | $2.4M | $221K | 25x | as long as short |
| Gate ZIL_USDT | −0.2284% | 4h | 0.003663 | +0.082% | $397K | $346K | 50x | as long as short |
| Bybit ZILUSDTlong | −0.1811% | 8h | 0.003660 | long leg | $2.9M | $3.6M | 25x | |
| BingX ZIL-USDT | −0.1642% | 4h | 0.003656 | −0.109% | — | $2.5M | — | as long as short |
| OKX ZIL-USDT-SWAP | −0.1199% | 4h | 0.003662 | +0.055% | $1.0M | $2.7M | 20x | as long as short |
| Aster ZILUSDT | −0.0893% | 4h | 0.003652 | −0.223% | $148K | $54K | 10x | as long as short |
| Variational Omni ZIL | −0.0890% | 8h | 0.003663 | +0.077% | $16K | $26K | — | as long as short |
| Binance ZILUSDT | −0.0782% | 4h | 0.003652 | −0.219% | $4.4M | $10.5M | 25x | as long as short |
| MEXC ZIL_USDTshort | −0.0778% | 4h | 0.003652 | −0.219% | $2.5M | $847K | 125x |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Gate ZIL_USDT
BingX ZIL-USDT
OKX ZIL-USDT-SWAP
Aster ZILUSDT
Variational Omni ZIL
Binance ZILUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZILUSDT | −0.0396% | 4h | 0.003661 | +0.027% | $1.3M | $865K | 25x | as long as short |
Bitget ZILUSDT