Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.027%
Price spread now: Bitget against BingX−0.058%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$860.861% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.058%, 7d avg −0.017%
=Funding pays, the price is against you. Bitget is 0.042% cheaper against BingX than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.017%). If the spread goes back, that is −$4 on $10k: about 2.2 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.189%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX XTZ-USDT | 0.3419 | 0.0036 | pay 0.0018% / 4h | 1h 00m | — | $1.1M | — |
| Short | Bitget XTZUSDT | 0.3417 | 0.0100 | get 0.0050% / 4h | 1h 00m | $945K | $1.2M | 75x |
BingX XTZ-USDT
Bitget XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- $13.44
- Price spread: −0.058% → −0.017%
- −$4.16
- Slippage, 4 orders
- −$64.05
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$76.77
- Costs to cover
- 0.861%
- Break-even
- 47.0 days
Slippage from BingX: live order book, 9 min ago; Bitget: live order book, 1 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 BingX live order book, 9 min ago | 2.93 bp | 21.5 bp −$22 | 76.3 bp −$763 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.93 bp | 24.6 bp −$25 | 61.1 bp −$611 | 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 | −0.0593% | 1h | 0.3419 | 0.000% | $278K | $218K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.901% | $62 | $17K | 5.5x | as long as short |
| BingX XTZ-USDTlong | +0.0036% | 4h | 0.3419 | long leg | — | $1.1M | — | |
| Binance XTZUSDT | +0.0100% | 4h | 0.3416 | −0.088% | $4.8M | $10.1M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3415 | −0.117% | $2.8M | $3.3M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3417 | −0.058% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3415 | −0.117% | $635K | $217K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3416 | −0.088% | $2.1M | $627K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3416 | −0.088% | $675K | $317K | 30x | as long as short |
| Bitget XTZUSDTshort | +0.0100% | 4h | 0.3417 | −0.058% | $945K | $1.2M | 75x |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
Binance XTZUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3406 | −0.379% | $122K | $296K | — | as long as short |
| BloFin XTZ-USDT | +0.0114% | 4h | 0.3412 | −0.205% | $281K | $97K | 75x | as long as short |
Variational Omni XTZ
BloFin XTZ-USDT