Funding you earn now, next payment 00:00 UTC−0.0421%/8h= −46.2% APRpaid last 24h −0.175%
Price spread now: OKX against Bybit−0.055%7-day average +0.300% · you buy dearer than you sell
Net, funding: paid 7d − costs−$364as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1181.183% of the position
Funding, last 7 days−2.461%−$246 on $10k
+Price spread, last 7 days+1.450%+$145 · spread now −0.055%, 7d avg +0.300%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and OKX is 0.355% cheaper against Bybit than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.300%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZILUSDT | 0.003629 | −0.0503 | get 0.0503% / 8h | 44m 22s | $2.9M | $4.0M | 25x |
| Short | OKX ZIL-USDT-SWAP | 0.003627 | −0.0924 | pay 0.0462% / 4h | 44m 22s | $1.0M | $2.8M | 20x |
Bybit ZILUSDT
OKX ZIL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$88.51
- Price spread: −0.055% → +0.300%
- −$35.48
- Slippage, 4 orders
- −$97.35
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$242.34
- Costs to cover
- 1.183%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago | 1.38 bp | 34.2 bp −$34 | 115.8 bp −$1,158 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.38 bp | 28.6 bp −$29 | doesn't fit | 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 | −0.3226% | 1h | 0.003637 | +0.232% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTM | −0.1866% | 4h | 0.003645 | +0.441% | $2.4M | $216K | 25x | as long as short |
| Gate ZIL_USDT | −0.1244% | 4h | 0.003631 | +0.055% | $412K | $324K | 50x | as long as short |
| OKX ZIL-USDT-SWAPshort | −0.0924% | 4h | 0.003627 | −0.055% | $1.0M | $2.8M | 20x | |
| BingX ZIL-USDT | −0.0882% | 4h | 0.003627 | −0.055% | — | $2.5M | — | as long as short |
| Bitget ZILUSDT | −0.0760% | 4h | 0.003623 | −0.165% | $1.2M | $833K | 25x | as long as short |
| Aster ZILUSDT | −0.0653% | 4h | 0.003623 | −0.158% | $146K | $50K | 10x | as long as short |
| Binance ZILUSDT | −0.0559% | 4h | 0.003622 | −0.187% | $4.4M | $11.1M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0558% | 4h | 0.003621 | −0.220% | $2.5M | $874K | 125x | as long as short |
| BloFin ZIL-USDT | −0.0536% | 4h | 0.003617 | −0.331% | $255K | $160K | 25x | as long as short |
Kraken Futures PF_ZILUSD
KuCoin ZILUSDTM
Gate ZIL_USDT
BingX ZIL-USDT
Bitget ZILUSDT
Aster ZILUSDT
Binance ZILUSDT
MEXC ZIL_USDT
BloFin ZIL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZILUSDTlong | −0.0503% | 8h | 0.003629 | long leg | $2.9M | $4.0M | 25x | |
| Variational Omni ZIL | −0.0440% | 8h | 0.003623 | −0.164% | $16K | $26K | — | as long as short |
Variational Omni ZIL