Funding you earn now, next payment 08:00 UTC+0.0137%/8h= +15.0% APRnext payment +$0.69 per $10,000 · paid last 24h +0.028%
Price spread now: KuCoin against Binance−0.030%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1641.643% of the position
Funding, last 7 days+0.267%+$27 on $10k
+Price spread, last 4 days (all we have)+0.035%+$4 · spread now −0.030%, 7d avg +0.035%
=Funding pays, the price is against you. KuCoin is 0.065% cheaper against Binance than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.035%). If the spread goes back, that is −$7 on $10k: about 38 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XTZUSDT | 0.3356 | −0.0037 | get 0.0019% / 4h | 2h 16m | $4.6M | $9.6M | 75x |
| Short | KuCoin XTZUSDTM | 0.3355 | 0.0100 | get 0.0050% / 4h | 2h 16m | $619K | $188K | 30x |
Binance XTZUSDT
KuCoin XTZUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $28.78
- Price spread: −0.030% → +0.035%
- −$6.5
- Slippage, 4 orders
- −$142.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$142.05
- Costs to cover
- 1.643%
- Break-even
- 41.6 days
Slippage from Binance: live order book, 8 min ago; KuCoin: live order book, 42 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, 8 min ago | 2.99 bp | 22.2 bp −$22 | 65.1 bp −$651 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 42 min ago | 7.34 bp | 69.7 bp −$70 | 567.1 bp −$5,671 | 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 | −0.0578% | 1h | 0.3361 | +0.158% | $277K | $267K | 50x | as long as short |
| Bitget XTZUSDT | −0.0230% | 4h | 0.3352 | −0.119% | $909K | $854K | 75x | as long as short |
| Bybit XTZUSDT | −0.0107% | 4h | 0.3353 | −0.089% | $2.7M | $2.7M | 75x | as long as short |
| Binance XTZUSDTlong | −0.0037% | 4h | 0.3356 | long leg | $4.6M | $9.6M | 75x | |
| MEXC XTZ_USDT | −0.0036% | 4h | 0.3354 | −0.060% | $2.1M | $715K | 100x | as long as short |
| BloFin XTZ-USDT | −0.0012% | 4h | 0.3358 | +0.060% | $274K | $94K | 75x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.814% | $62 | $17K | 5.5x | as long as short |
| Variational Omni XTZ | +0.0059% | 4h | 0.3352 | −0.122% | $101K | $298K | — | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3356 | 0.000% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3354 | −0.060% | $616K | $167K | 75x | as long as short |
Kraken Futures PF_XTZUSD
Bitget XTZUSDT
Bybit XTZUSDT
MEXC XTZ_USDT
BloFin XTZ-USDT
Injective XTZ/USDC PERP
Variational Omni XTZ
OKX XTZ-USDT-SWAP
Gate XTZ_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XTZUSDTMshort | +0.0100% | 4h | 0.3355 | −0.030% | $619K | $188K | 30x | |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3356 | 0.000% | — | $1.1M | — | as long as short |
BingX XTZ-USDT