Funding you earn now, next payment 08:00 UTC−0.1380%/8h= −151.1% APRnext payment −$6.90 per $10,000 · paid last 24h −0.047%
Price spread now: KuCoin against OKX+0.490%7-day average +0.297% · you sell dearer than you buy
Net, funding: paid 7d − costs−$209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$273as in the Price arb table
costs, in and out, $10k−$2922.921% of the position
Funding, last 7 days+0.835%+$83 on $10k
+Price spread, last 7 days−2.373%−$237 · spread now +0.490%, 7d avg +0.297%
=The price spread pays, funding is against you. KuCoin is 0.193% dearer against OKX than usual: you sell high and buy low (spread +0.490% now, against its 7-day average of +0.297%): +$19 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 7 days funding on this pair paid +0.835%, 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 0.835% in total (about 43.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.90 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 | OKX ZIL-USDT-SWAP | 0.003672 | −0.1030 | get 0.0515% / 4h | 1h 39m | $1.0M | $2.6M | 20x |
| Short | KuCoin ZILUSDTM | 0.003690 | −0.2410 | pay 0.1205% / 4h | 1h 39m | $2.4M | $207K | 25x |
OKX ZIL-USDT-SWAP
KuCoin ZILUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. 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
- −$289.83
- Price spread: +0.490% → +0.297%
- $19.29
- Slippage, 4 orders
- −$270.14
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$562.68
- Costs to cover
- 2.921%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 7 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 OKX live order book, 3 min ago | 1.37 bp | 31.8 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 6.81 bp | 153.9 bp −$154 | 412.0 bp −$4,120 | 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 | −0.3344% | 1h | 0.003679 | +0.192% | $30K | $7K | 10x | as long as short |
| KuCoin ZILUSDTMshort | −0.2410% | 4h | 0.003690 | +0.490% | $2.4M | $207K | 25x | |
| Gate ZIL_USDT | −0.1940% | 4h | 0.003676 | +0.109% | $384K | $334K | 50x | as long as short |
| Bybit ZILUSDT | −0.1530% | 8h | 0.003671 | −0.027% | $2.9M | $3.2M | 25x | as long as short |
| Variational Omni ZIL | −0.1241% | 8h | 0.003665 | −0.181% | $16K | $22K | — | as long as short |
| OKX ZIL-USDT-SWAPlong | −0.1030% | 4h | 0.003672 | long leg | $1.0M | $2.6M | 20x | |
| Binance ZILUSDT | −0.0842% | 4h | 0.003662 | −0.261% | $4.4M | $10.0M | 25x | as long as short |
| MEXC ZIL_USDT | −0.0842% | 4h | 0.003663 | −0.245% | $2.4M | $728K | 125x | as long as short |
| BloFin ZIL-USDT | −0.0814% | 4h | 0.003658 | −0.381% | $254K | $146K | 25x | as long as short |
| Aster ZILUSDT | −0.0749% | 4h | 0.003659 | −0.364% | $149K | $52K | 10x | as long as short |
Kraken Futures PF_ZILUSD
Gate ZIL_USDT
Bybit ZILUSDT
Variational Omni ZIL
Binance ZILUSDT
MEXC ZIL_USDT
BloFin ZIL-USDT
Aster ZILUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZILUSDT | −0.0444% | 4h | 0.003665 | −0.191% | $1.3M | $806K | 25x | as long as short |
| BingX ZIL-USDT | −0.0298% | 4h | 0.003670 | −0.054% | — | $2.5M | — | as long as short |
Bitget ZILUSDT
BingX ZIL-USDT