Funding you earn now, next payment 00:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against Binance−0.051%81s7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$630.625% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.051%, 7d avg −0.001%
=Funding pays, the price is against you. BloFin is 0.050% cheaper against Binance than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.001%). If the spread goes back, that is −$5 on $10k: about 4.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.003% in total) that is about 4 months. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XTZUSDT | 0.3424 | 0.0100 | pay 0.0050% / 4h | 3m 54s | $4.8M | $10.1M | 75x |
| Short | BloFin XTZ-USDT | 0.3422 | 0.0140 | get 0.0070% / 4h | 3m 54s | $282K | $98K | 75x |
Binance XTZUSDT
BloFin XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $8.48
- Price spread: −0.051% → −0.001%
- −$5.03
- Slippage, 4 orders
- −$40.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$59.09
- Costs to cover
- 0.625%
- Break-even
- 55.8 days
Slippage from Binance: live order book, 6 min ago; BloFin: live order book, 3 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, 6 min ago | 1.47 bp | 19.5 bp −$20 | 69.6 bp −$696 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 1.46 bp | 17.7 bp −$18 | 45.6 bp −$456 | 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 | +0.0015% | 1h | 0.3431 | +0.210% | $271K | $232K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.760% | $62 | $17K | 5.5x | as long as short |
| BingX XTZ-USDT | +0.0036% | 4h | 0.3427 | +0.095% | — | $1.1M | — | as long as short |
| Binance XTZUSDTlong | +0.0100% | 4h | 0.3424 | long leg | $4.8M | $10.1M | 75x | |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3425 | +0.037% | $2.8M | $3.3M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3421 | −0.080% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3428 | +0.124% | $636K | $202K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3424 | +0.007% | $2.2M | $627K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3430 | +0.183% | $678K | $316K | 30x | as long as short |
| Bitget XTZUSDT | +0.0100% | 4h | 0.3422 | −0.051% | $944K | $1.2M | 75x | as long as short |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
BingX XTZ-USDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTM
Bitget XTZUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3421 | −0.094% | $122K | $296K | — | as long as short |
| BloFin XTZ-USDTshort | +0.0140% | 4h | 0.3422 | −0.051% | $282K | $98K | 75x |
Variational Omni XTZ