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

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.036%
Price spread now: OKX against Bitget−0.058%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$920.917% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.070%+$7 on $10k
Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.058%, 7d avg −0.003%
Together, before fees+0.101%+$10 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: OKX is 0.056% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XTZUSDT0.34230.0100pay 0.0050% / 4h31m 06s$945K$1.2M75x
ShortOKX XTZ-USDT-SWAP0.34210.0100get 0.0100% / 8h31m 06s$1.2M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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: −0.058% → −0.003%
−$5.59
Slippage, 4 orders
−$69.73
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$97.32
Costs to cover
0.917%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 1 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 Bitget live order book, 5 min ago1.46 bp19.7 bp −$2056.2 bp −$562doesn't fitdoesn't fit
Sell OKX live order book, 1 min ago1.46 bp32.0 bp −$32doesn't fitdoesn't fitdoesn't fit

XTZ on 12 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
Kraken Futures PF_XTZUSD+0.0015%1h0.34230.000%$276K$222K50xas long as short
Injective XTZ/USDC PERP+0.0033%1h0.3484+1.782%$62$17K5.5xas long as short
BingX XTZ-USDT+0.0036%4h0.3421−0.058%$1.1Mas long as short
BloFin XTZ-USDT+0.0062%4h0.3419−0.117%$282K$97K75xas long as short
Binance XTZUSDT+0.0100%4h0.3418−0.146%$4.8M$10.1M75xas long as short
Bybit XTZUSDT+0.0100%4h0.3419−0.117%$2.8M$3.3M75xas long as short
OKX XTZ-USDT-SWAPshort+0.0100%8h0.3421−0.058%$1.2M$1.4M20x
Gate XTZ_USDT+0.0100%8h0.3420−0.088%$635K$202K75xas long as short
MEXC XTZ_USDT+0.0100%4h0.3418−0.146%$2.1M$626K100xas long as short
KuCoin XTZUSDTM+0.0100%4h0.34230.000%$677K$316K30xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XTZUSDTlong+0.0100%4h0.3423long leg$945K$1.2M75x
Variational Omni XTZ+0.0100%4h0.3419−0.128%$122K$296Kas long as short