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

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.057%
Price spread now: Gate against BingX+0.119%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1511.515% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.071%−$7 on $10k
Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.119%, 7d avg +0.013%
Together, before fees−0.178%−$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.105% dearer against BingX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XTZ-USDT0.33750.0100pay 0.0050% / 4h2h 33m$1.1M
ShortGate XTZ_USDT0.33790.0100get 0.0100% / 8h6h 33m$625K$174K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.119% → +0.013%
$10.51
Slippage, 4 orders
−$126.46
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$140.95
Costs to cover
1.515%
Break-even
never at this rate
Slippage from BingX: live order book, 2 min ago; Gate: live order book, 33 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 2 min ago1.48 bp33.4 bp −$3380.4 bp −$804doesn't fitdoesn't fit
Sell Gate live order book, 33 min ago2.96 bp62.5 bp −$62154.0 bp −$1,540doesn't fitdoesn't fit

XTZ on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XTZ/USDC PERP+0.0033%1h0.3484+3.230%$62$17K5.5xas long as short
Kraken Futures PF_XTZUSD+0.0075%1h0.3382+0.206%$270K$253K50xas long as short
Binance XTZUSDT+0.0100%4h0.3373−0.059%$4.7M$10.6M75xas long as short
Bybit XTZUSDT+0.0100%4h0.3374−0.030%$2.7M$3.4M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.33750.000%$1.2M$1.4M20xas long as short
Gate XTZ_USDTshort+0.0100%8h0.3379+0.119%$625K$174K75x
MEXC XTZ_USDT+0.0100%4h0.3373−0.059%$2.1M$661K100xas long as short
KuCoin XTZUSDTM+0.0100%4h0.3378+0.089%$635K$240K30xas long as short
Bitget XTZUSDT+0.0100%4h0.3371−0.119%$916K$1.1M75xas long as short
BingX XTZ-USDTlong+0.0100%4h0.3375long leg$1.1M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XTZ+0.0100%4h0.3374−0.030%$87K$330Kas long as short