Funding you earn now, next payment 00:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.037%
Price spread now: Kraken Futures against Binance+0.267%7-day average +0.192% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$870.871% of the position
Funding, last 7 days+0.025%+$3 on $10k
+Price spread, last 3 days (all we have)−0.039%−$4 · spread now +0.267%, 7d avg +0.192%
=The price spread pays, funding is against you. Kraken Futures is 0.075% dearer against Binance than usual: you sell high and buy low (spread +0.267% now, against its 7-day average of +0.192%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XTZUSDT | 0.3395 | 0.0100 | pay 0.0050% / 4h | 0m 08s | $4.8M | $10.1M | 75x |
| Short | Kraken Futures PF_XTZUSD | 0.3404 | 0.0015 | get 0.0002% / 1h | 0m 08s | $269K | $232K | 50x |
Binance XTZUSDT
Kraken Futures PF_XTZUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$17.89
- Price spread: +0.267% → +0.192%
- $7.51
- Slippage, 4 orders
- −$67.06
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$97.45
- Costs to cover
- 0.871%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Kraken Futures: live order book, 12 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, 10 min ago | 1.47 bp | 19.5 bp −$20 | 69.6 bp −$696 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 12 min ago | 7.32 bp | 27.3 bp −$27 | 67.9 bp −$679 | 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_XTZUSDshort | +0.0015% | 1h | 0.3404 | +0.267% | $269K | $232K | 50x | |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +2.616% | $62 | $17K | 5.5x | as long as short |
| BingX XTZ-USDT | +0.0036% | 4h | 0.3402 | +0.201% | — | $1.1M | — | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3417 | +0.629% | $122K | $296K | — | as long as short |
| Binance XTZUSDTlong | +0.0100% | 4h | 0.3395 | long leg | $4.8M | $10.1M | 75x | |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3395 | −0.005% | $2.8M | $3.3M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3397 | +0.054% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3398 | +0.083% | $630K | $202K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3397 | +0.054% | $2.1M | $627K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3401 | +0.172% | $673K | $316K | 30x | as long as short |
Injective XTZ/USDC PERP
BingX XTZ-USDT
Variational Omni XTZ
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XTZUSDT | +0.0100% | 4h | 0.3400 | +0.142% | $932K | $1.2M | 75x | as long as short |
| BloFin XTZ-USDT | +0.0134% | 4h | 0.3420 | +0.731% | $281K | $98K | 75x | as long as short |
Bitget XTZUSDT
BloFin XTZ-USDT