Funding you earn now, next payment 00:00 UTC+0.0622%/8h= +68.1% APRnext payment +$3.11 per $10,000 · paid last 24h +0.049%
Price spread now: Gate against KuCoin−0.384%7-day average −0.295% · you buy dearer than you sell
Net, funding: paid 7d − costs−$379as in the Funding arb table
Net, price: spread back to 7d avg − costs−$346as in the Price arb table
costs, in and out, $10k−$3373.369% of the position
Funding, last 7 days−0.423%−$42 on $10k
+Price spread, last 4 days (all we have)+0.408%+$41 · spread now −0.384%, 7d avg −0.295%
=Funding pays, the price is against you. Gate is 0.090% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.384% now, against its 7-day average of −0.295%). If the spread goes back, that is −$9 on $10k: about 12 hours of funding at the current rate (+$19 a day). Mind the row above: over the last 7 days funding on this pair cost −0.423%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.423% in total (about -22.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.11 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 | KuCoin ZILUSDTM | 0.003645 | −0.1866 | get 0.0933% / 4h | 44m 22s | $2.4M | $216K | 25x |
| Short | Gate ZIL_USDT | 0.003631 | −0.1244 | pay 0.0622% / 4h | 44m 22s | $412K | $324K | 50x |
KuCoin ZILUSDTM
Gate ZIL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against KuCoin. 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
- $130.62
- Price spread: −0.384% → −0.295%
- −$8.96
- Slippage, 4 orders
- −$309.9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$215.24
- Costs to cover
- 3.369%
- Break-even
- 18.5 days
Slippage from KuCoin: live order book, 2 min ago; Gate: live order book, 31 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 KuCoin live order book, 2 min ago | 5.49 bp | 84.9 bp −$85 | 493.3 bp −$4,933 | doesn't fit | doesn't fit |
| Sell Gate live order book, 31 min ago | 2.76 bp | 75.4 bp −$75 | 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 | −0.208% | $30K | $8K | 10x | as long as short |
| KuCoin ZILUSDTMlong | −0.1866% | 4h | 0.003645 | long leg | $2.4M | $216K | 25x | |
| Gate ZIL_USDTshort | −0.1244% | 4h | 0.003631 | −0.384% | $412K | $324K | 50x | |
| OKX ZIL-USDT-SWAP | −0.0924% | 4h | 0.003627 | −0.494% | $1.0M | $2.8M | 20x | as long as short |
| BingX ZIL-USDT | −0.0882% | 4h | 0.003627 | −0.494% | — | $2.5M | — | as long as short |
| Bitget ZILUSDT | −0.0760% | 4h | 0.003623 | −0.604% | $1.2M | $833K | 25x | as long as short |
| Aster ZILUSDT | −0.0653% | 4h | 0.003623 | −0.596% | $146K | $50K | 10x | as long as short |
| Binance ZILUSDT | −0.0559% | 4h | 0.003622 | −0.625% | $4.4M | $11.1M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0558% | 4h | 0.003621 | −0.658% | $2.5M | $874K | 125x | as long as short |
| BloFin ZIL-USDT | −0.0536% | 4h | 0.003617 | −0.768% | $255K | $160K | 25x | as long as short |
Kraken Futures PF_ZILUSD
OKX ZIL-USDT-SWAP
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 ZILUSDT | −0.0503% | 8h | 0.003629 | −0.439% | $2.9M | $4.0M | 25x | as long as short |
| Variational Omni ZIL | −0.0440% | 8h | 0.003623 | −0.602% | $16K | $26K | — | as long as short |
Bybit ZILUSDT
Variational Omni ZIL