XTZ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.22 per $10,000 · paid last 24h −0.010%

Price spread now: Bybit against BloFin+0.233%72s7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as 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−$1131.132% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 3 days (all we have)−0.480%−$48 · spread now +0.233%, 7d avg +0.056%

Together, before fees−0.496%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.177% dearer against BloFin than usual: you sell high and buy low (spread +0.233% now, against its 7-day average of +0.056%): +$18 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 7 days (−0.016% in total) that is about 3 months. The two prices were read 72 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	0.3439	0.0144	pay 0.0072% / 4h	2h 44m	$285K	$82K	75x
Short	Bybit XTZUSDT	0.3447	0.0100	get 0.0050% / 4h	2h 44m	$2.9M	$3.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersPrice spread, now +0.233%Rate

Funding earned: −$9.16
Price spread: +0.233% → +0.056%: $17.7
Slippage, 4 orders: −$90.2
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$104.66
Costs to cover: 1.132%
Break-even: never at this rate

Slippage from BloFin: live order book, 40 min ago; Bybit: live order book, 3 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, 40 min ago	2.88 bp	18.5 bp −$18	54.0 bp −$540	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.91 bp	41.8 bp −$42	50.2 bp −$502	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	−0.0338%	1h	0.3444	+0.150%	$280K	$221K	50x	as long as short
BingX XTZ-USDT	+0.0030%	4h	0.3445	+0.174%	—	$1.1M	—	as long as short
Injective XTZ/USDC PERP	+0.0033%	1h	0.3484	+1.309%	$62	$17K	5.5x	as long as short
Bitget XTZUSDT	+0.0060%	4h	0.3443	+0.116%	$951K	$1.2M	75x	as long as short
Binance XTZUSDT	+0.0100%	4h	0.3445	+0.182%	$4.8M	$10.0M	75x	as long as short
Bybit XTZUSDTshort	+0.0100%	4h	0.3447	+0.233%	$2.9M	$3.3M	75x
OKX XTZ-USDT-SWAP	+0.0100%	8h	0.3446	+0.204%	$1.2M	$1.4M	20x	as long as short
Gate XTZ_USDT	+0.0100%	8h	0.3440	+0.029%	$642K	$214K	75x	as long as short
MEXC XTZ_USDT	+0.0100%	4h	0.3440	+0.029%	$2.1M	$610K	100x	as long as short
KuCoin XTZUSDTM	+0.0100%	4h	0.3443	+0.116%	$685K	$315K	30x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XTZ	+0.0100%	4h	0.3439	−0.014%	$123K	$296K	—	as long as short
BloFin XTZ-USDTlong	+0.0144%	4h	0.3439	long leg	$285K	$82K	75x