ZIL arbitrage explained
Right now Zilliqa (ZIL) trades on 9 venues we scan: 9 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on MEXC spot at $0.003502 and the highest bid on Bybit spot at $0.003936.
The widest ZIL perpetual spread is between Binance and KuCoin: long ZIL on Binance at $0.003504 and short on KuCoin at $0.003527 for +0.66% gross, or +0.50% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.257% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best ZIL route is to buy spot on MEXC and short the perpetual on KuCoin: +0.71% gross, +0.51% net, with -0.227% a day of funding on the short leg.
Spot–spot ZIL arbitrage (buy on MEXC, withdraw, deposit and sell on KuCoin) shows +3.54% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small ZIL gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: ZIL funding rates · ZIL spread charts · Zilliqa price · arbitrage scanner for all coins.