Funding you earn now, next payment 08:00 UTC−0.0175%/8h= −19.2% APRnext payment −$0.88 per $10,000 · paid last 24h +0.024%
Price spread now: Bybit against BingX−0.060%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$900.896% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 7 days−0.005%$0 · spread now −0.060%, 7d avg −0.012%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.048% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX XTZ-USDT | 0.3361 | 0.0100 | pay 0.0050% / 4h | 1h 50m | — | $1.1M | — |
| Short | Bybit XTZUSDT | 0.3359 | −0.0075 | pay 0.0038% / 4h | 1h 50m | $2.7M | $2.6M | 75x |
BingX XTZ-USDT
Bybit XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$36.78
- Price spread: −0.060% → −0.012%
- −$4.76
- Slippage, 4 orders
- −$68.64
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$131.17
- Costs to cover
- 0.896%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Bybit: 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 | 4.46 bp | 23.2 bp −$23 | 89.5 bp −$895 | 871.7 bp −$87.2K | 1236.8 bp −$618.4K |
| Sell Bybit live order book, 1 min ago | 2.98 bp | 19.5 bp −$20 | 52.2 bp −$522 | 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 | −0.0344% | 1h | 0.3365 | +0.124% | $278K | $267K | 50x | as long as short |
| Bitget XTZUSDT | −0.0208% | 4h | 0.3361 | 0.000% | $897K | $855K | 75x | as long as short |
| Bybit XTZUSDTshort | −0.0075% | 4h | 0.3359 | −0.060% | $2.7M | $2.6M | 75x | |
| BloFin XTZ-USDT | +0.0006% | 4h | 0.3360 | −0.030% | $276K | $95K | 75x | as long as short |
| Variational Omni XTZ | +0.0019% | 4h | 0.3359 | −0.046% | $101K | $298K | — | as long as short |
| Binance XTZUSDT | +0.0022% | 4h | 0.3360 | −0.030% | $4.6M | $9.6M | 75x | as long as short |
| MEXC XTZ_USDT | +0.0028% | 4h | 0.3359 | −0.060% | $2.1M | $696K | 100x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.660% | $62 | $17K | 5.5x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3359 | −0.060% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3360 | −0.030% | $617K | $165K | 75x | as long as short |
Kraken Futures PF_XTZUSD
Bitget XTZUSDT
BloFin XTZ-USDT
Variational Omni XTZ
Binance XTZUSDT
MEXC XTZ_USDT
Injective XTZ/USDC PERP
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 XTZUSDTM | +0.0100% | 4h | 0.3359 | −0.060% | $618K | $189K | 30x | as long as short |
| BingX XTZ-USDTlong | +0.0100% | 4h | 0.3361 | long leg | — | $1.1M | — |
KuCoin XTZUSDTM