Funding you earn now, next payment 04:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.004%
Price spread now: Binance against BloFin+0.011%51s7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$780.785% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.011%, 7d avg +0.004%
=The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin XTZ-USDT | 0.3429 | 0.0148 | pay 0.0074% / 4h | 2m 23s | $282K | $97K | 75x |
| Short | Binance XTZUSDT | 0.3429 | 0.0100 | get 0.0050% / 4h | 2m 23s | $4.7M | $9.7M | 75x |
BloFin XTZ-USDT
Binance XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$10.14
- Price spread: +0.011% → +0.004%
- $0.65
- Slippage, 4 orders
- −$56.46
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$87.95
- Costs to cover
- 0.785%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 32 min ago; Binance: live order book, 7 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 BloFin live order book, 32 min ago | 4.41 bp | 15.1 bp −$15 | 48.2 bp −$482 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.46 bp | 21.4 bp −$21 | 66.5 bp −$665 | 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 | −0.0159% | 1h | 0.3438 | +0.252% | $284K | $252K | 50x | as long as short |
| Bitget XTZUSDT | −0.0028% | 4h | 0.3430 | +0.029% | $925K | $939K | 75x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.604% | $62 | $17K | 5.5x | as long as short |
| Binance XTZUSDTshort | +0.0100% | 4h | 0.3429 | +0.011% | $4.7M | $9.7M | 75x | |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3430 | +0.029% | $2.7M | $2.8M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3430 | +0.029% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3430 | +0.029% | $635K | $169K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3430 | +0.029% | $2.1M | $673K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3431 | +0.058% | $629K | $192K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3430 | +0.029% | — | $1.1M | — | as long as short |
Kraken Futures PF_XTZUSD
Bitget XTZUSDT
Injective XTZ/USDC PERP
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTM
BingX XTZ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3428 | −0.032% | $86K | $331K | — | as long as short |
| BloFin XTZ-USDTlong | +0.0148% | 4h | 0.3429 | long leg | $282K | $97K | 75x |
Variational Omni XTZ