Funding you earn now, next payment 04:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.62 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance−0.153%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$810.809% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 7 days+0.292%+$29 · spread now −0.153%, 7d avg +0.043%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.196% cheaper against Binance than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.043%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XTZUSDT | 0.3428 | 0.0100 | pay 0.0050% / 4h | 5m 10s | $4.7M | $9.7M | 75x |
| Short | Bitget XTZUSDT | 0.3423 | −0.0024 | pay 0.0012% / 4h | 5m 10s | $924K | $939K | 75x |
Binance XTZUSDT
Bitget XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$26.04
- Price spread: −0.153% → +0.043%
- −$19.58
- Slippage, 4 orders
- −$58.91
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$126.53
- Costs to cover
- 0.809%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Bitget: live order book, 56 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 Binance live order book, 5 min ago | 1.46 bp | 19.0 bp −$19 | 71.9 bp −$719 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 56 min ago | 4.41 bp | 21.6 bp −$22 | 68.8 bp −$688 | doesn't fit | doesn't fit |
XTZ 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_XTZUSD | −0.0159% | 1h | 0.3434 | +0.168% | $284K | $252K | 50x | as long as short |
| Bitget XTZUSDTshort | −0.0024% | 4h | 0.3423 | −0.153% | $924K | $939K | 75x | |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.626% | $62 | $17K | 5.5x | as long as short |
| Binance XTZUSDTlong | +0.0100% | 4h | 0.3428 | long leg | $4.7M | $9.7M | 75x | |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3429 | +0.022% | $2.7M | $2.8M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3423 | −0.153% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3430 | +0.051% | $636K | $168K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3429 | +0.022% | $2.1M | $673K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3430 | +0.051% | $629K | $192K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3427 | −0.036% | — | $1.1M | — | as long as short |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTM
BingX XTZ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3428 | −0.010% | $86K | $331K | — | as long as short |
| BloFin XTZ-USDT | +0.0125% | 4h | 0.3429 | +0.022% | $282K | $97K | 75x | as long as short |
Variational Omni XTZ
BloFin XTZ-USDT