Funding you earn now, next payment 08:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h +0.024%
Price spread now: Gate against BloFin−0.030%63s7-day average +0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as 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−$1451.449% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.030%, 7d avg +0.070%
=Funding pays, the price is against you. Gate is 0.100% cheaper against BloFin than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of +0.070%). If the spread goes back, that is −$10 on $10k: about 4.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.054% in total) that is about 13 days. The two prices were read 63 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 | 0.3371 | 0.0019 | pay 0.0009% / 4h | 1h 59m | $275K | $95K | 75x |
| Short | Gate XTZ_USDT | 0.3370 | 0.0100 | get 0.0100% / 8h | 1h 59m | $618K | $168K | 75x |
BloFin XTZ-USDT
Gate XTZ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $17.08
- Price spread: −0.030% → +0.070%
- −$10.01
- Slippage, 4 orders
- −$117.88
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$137.81
- Costs to cover
- 1.449%
- Break-even
- 63.5 days
Slippage from BloFin: live order book, 24 min ago; Gate: live order book, 46 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, 24 min ago | 2.99 bp | 22.6 bp −$23 | 48.8 bp −$488 | doesn't fit | doesn't fit |
| Sell Gate live order book, 46 min ago | 5.90 bp | 54.1 bp −$54 | 161.3 bp −$1,613 | 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 | −0.0576% | 1h | 0.3372 | +0.021% | $279K | $268K | 50x | as long as short |
| Bitget XTZUSDT | −0.0198% | 4h | 0.3367 | −0.119% | $898K | $858K | 75x | as long as short |
| Bybit XTZUSDT | −0.0108% | 4h | 0.3362 | −0.267% | $2.7M | $2.6M | 75x | as long as short |
| MEXC XTZ_USDT | +0.0016% | 4h | 0.3362 | −0.267% | $2.1M | $716K | 100x | as long as short |
| Binance XTZUSDT | +0.0016% | 4h | 0.3362 | −0.267% | $4.6M | $9.6M | 75x | as long as short |
| Variational Omni XTZ | +0.0017% | 4h | 0.3367 | −0.122% | $102K | $298K | — | as long as short |
| BloFin XTZ-USDTlong | +0.0019% | 4h | 0.3371 | long leg | $275K | $95K | 75x | |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.352% | $62 | $17K | 5.5x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3362 | −0.267% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDTshort | +0.0100% | 8h | 0.3370 | −0.030% | $618K | $168K | 75x |
Kraken Futures PF_XTZUSD
Bitget XTZUSDT
Bybit XTZUSDT
MEXC XTZ_USDT
Binance XTZUSDT
Variational Omni XTZ
Injective XTZ/USDC PERP
OKX XTZ-USDT-SWAPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3365 | −0.178% | $621K | $189K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3367 | −0.119% | — | $1.1M | — | as long as short |
KuCoin XTZUSDTM
BingX XTZ-USDT