ZIL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0702%/8h= −76.9% APRnext payment −$3.51 per $10,000 · paid last 24h −0.108%

Price spread now: KuCoin against Gate+0.605%7-day average +0.298% · you sell dearer than you buy

Net, funding: paid 7d − costs−$287as in the Funding arb table

Net, price: spread back to 7d avg − costs−$290as in the Price arb table

costs, in and out, $10k−$3203.203% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.333%+$33 on $10k

Price spread, last 4 days (all we have)−0.605%−$61 · spread now +0.605%, 7d avg +0.298%

Together, before fees−0.273%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.308% dearer against Gate than usual: you sell high and buy low (spread +0.605% now, against its 7-day average of +0.298%): +$31 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 35 hours. Mind the row above: over the last 7 days funding on this pair paid +0.333%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.333% in total (about 17.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.51 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	Gate ZIL_USDT	0.003635	−0.1206	get 0.0603% / 4h	3h 00m	$400K	$341K	50x
Short	KuCoin ZILUSDTM	0.003657	−0.1908	pay 0.0954% / 4h	3h 00m	$2.4M	$226K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee KuCoinbpOrdersPrice spread, now +0.605%Rate

Funding earned: −$147.42
Price spread: +0.605% → +0.298%: $30.77
Slippage, 4 orders: −$293.33
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$436.98
Costs to cover: 3.203%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; KuCoin: 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 Gate live order book, 5 min ago	4.11 bp	73.1 bp −$73	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	4.11 bp	124.5 bp −$125	306.7 bp −$3,067	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	−0.3484%	1h	0.003650	+0.400%	$30K	$8K	10x	as long as short
Bybit ZILUSDT	−0.2082%	8h	0.003634	−0.028%	$2.9M	$3.7M	25x	as long as short
KuCoin ZILUSDTMshort	−0.1908%	4h	0.003657	+0.605%	$2.4M	$226K	25x
BingX ZIL-USDT	−0.1868%	4h	0.003633	−0.055%	—	$2.5M	—	as long as short
Gate ZIL_USDTlong	−0.1206%	4h	0.003635	long leg	$400K	$341K	50x
OKX ZIL-USDT-SWAP	−0.0977%	4h	0.003635	0.000%	$1.0M	$2.7M	20x	as long as short
Aster ZILUSDT	−0.0916%	4h	0.003622	−0.346%	$146K	$51K	10x	as long as short
Binance ZILUSDT	−0.0758%	4h	0.003626	−0.242%	$4.4M	$10.6M	25x	as long as short
MEXC ZIL_USDT	−0.0754%	4h	0.003626	−0.248%	$2.4M	$864K	125x	as long as short
Variational Omni ZIL	−0.0752%	8h	0.003631	−0.114%	$16K	$26K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ZIL-USDT	−0.0710%	4h	0.003625	−0.275%	$258K	$153K	25x	as long as short
Bitget ZILUSDT	−0.0622%	4h	0.003634	−0.028%	$1.3M	$863K	25x	as long as short