Funding you earn now, next payment 04:00 UTC−0.0260%/8h= −28.5% APRpaid last 24h −0.020%
Price spread now: Kraken Futures against BingX+0.131%7-day average +0.142% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1211.210% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 4 days (all we have)+0.146%+$15 · spread now +0.131%, 7d avg +0.142%
=The price spread sits at its 7-day average of +0.142%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.102% in total (about -5.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX XTZ-USDT | 0.3401 | 0.0100 | pay 0.0050% / 4h | 49m 52s | — | $1.1M | — |
| Short | Kraken Futures PF_XTZUSD | 0.3405 | −0.0160 | pay 0.0020% / 1h | 49m 52s | $281K | $251K | 50x |
BingX XTZ-USDT
Kraken Futures PF_XTZUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$54.63
- Price spread: +0.131% → +0.142%
- −$1.08
- Slippage, 4 orders
- −$101.03
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$176.75
- Costs to cover
- 1.210%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Kraken Futures: live order book, 8 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, 5 min ago | 4.41 bp | 24.0 bp −$24 | 68.7 bp −$687 | 862.1 bp −$86.2K | doesn't fit |
| Sell Kraken Futures live order book, 8 min ago | 14.66 bp | 33.5 bp −$33 | 92.3 bp −$923 | 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_XTZUSDshort | −0.0160% | 1h | 0.3405 | +0.131% | $281K | $251K | 50x | |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +2.440% | $62 | $17K | 5.5x | as long as short |
| BloFin XTZ-USDT | +0.0082% | 4h | 0.3403 | +0.059% | $281K | $96K | 75x | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3399 | −0.059% | $4.7M | $9.7M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3402 | +0.029% | $2.7M | $2.8M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3402 | +0.029% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3408 | +0.206% | $631K | $168K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3398 | −0.088% | $2.1M | $642K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3403 | +0.059% | $625K | $191K | 30x | as long as short |
| Bitget XTZUSDT | +0.0100% | 4h | 0.3408 | +0.206% | $920K | $937K | 75x | as long as short |
Injective XTZ/USDC PERP
BloFin XTZ-USDT
Binance XTZUSDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTM
Bitget XTZUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XTZ-USDTlong | +0.0100% | 4h | 0.3401 | long leg | — | $1.1M | — | |
| Variational Omni XTZ | +0.0100% | 4h | 0.3401 | +0.012% | $86K | $331K | — | as long as short |
Variational Omni XTZ