Settings8H · net · $10k
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Funding arb · Price arb / Crypto

XTZ

All XTZ markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotXTZUSDT
0.2566spotno funding——$4.7M1xBuy Binance Spot
SHORT
BinanceXTZUSDT
0.2558−0.2947pay 0.1473% / 4h3h 44m$4.1M$36.3M75xShort Binance
Price gap−0.290%
Funding gap−0.2947% /8h

Both sides work against this pair now: funding costs $88 a day on $10k and the gap is 0.096% under its 7d average. Spot cannot be shorted here, so there is no reverse.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$45−0.2947% /8h now · paid −0.452% over the last 7D
Price−$10spread −0.290% now, avg −0.194% → −0.096% if it goes back
Costs−$1171.175% of $10k · taker + slippage, in and out
Result−$172−1.72%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.452% in total, about −0.0215%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.290%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

XTZ on 11 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size32.2 / 13.1 bp
    At $10k entering Binance Spot costs 32.2 bp, fee and slippage, 2.5× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $133
    The spot leg is bought with the whole $10k; Binance runs at up to 75x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Binance settles every 4h.
    Next 24h at the current rates, on $10k a leg: −$88.41Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, −$88.41.
  • Watch: Gap narrower than usual−0.290% vs −0.194%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$4.1M OI
    Only Binance reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Spot Yes · Binance Yes
    Verified KYC to deposit or trade.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0215%/8h × 21 periods−$45.20
Price spread−0.290% → −0.194% (7d avg)−$9.57
Slippage, 4 orderslive order books−$87.47
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$172.23
Costs to cover1.175%Break-evennever at this rate
Slippage: Binance Spot: live order book, 1 min ago; Binance: live order book, 15 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot5.8532.2 bp−$3283.4 bp−$834doesn’t fitdoesn’t fit
SELL · SHORTBinance3.9913.1 bp−$1364.8 bp−$648doesn’t fitdoesn’t fit

Closing costs about the same again.

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