Funding you earn now, next payment 00:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h +0.025%
Price spread now: OKX against BloFin−0.789%113s7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as 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−$850.847% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 3 days (all we have)+0.796%+$80 · spread now −0.789%, 7d avg +0.030%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.820% cheaper against BloFin than usual: you would sell low and buy high (−$82 if the spread goes back to its 7-day average of +0.030%). Swap the legs. The two prices were read 113 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 | 0.3420 | 0.0134 | pay 0.0067% / 4h | 3h 59m | $281K | $98K | 75x |
| Short | OKX XTZ-USDT-SWAP | 0.3393 | 0.0100 | get 0.0100% / 8h | 7h 59m | $1.2M | $1.4M | 20x |
BloFin XTZ-USDT
OKX XTZ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$7.13
- Price spread: −0.789% → +0.030%
- −$81.99
- Slippage, 4 orders
- −$62.68
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$173.8
- Costs to cover
- 0.847%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; OKX: live order book, 2 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, 7 min ago | 1.46 bp | 10.7 bp −$11 | 31.6 bp −$316 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.46 bp | 30.5 bp −$30 | doesn't fit | 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 | −0.0176% | 1h | 0.3392 | −0.833% | $269K | $232K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.871% | $62 | $17K | 5.5x | as long as short |
| BingX XTZ-USDT | +0.0036% | 4h | 0.3397 | −0.673% | — | $1.1M | — | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3417 | −0.101% | $122K | $296K | — | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3391 | −0.841% | $4.8M | $10.1M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3390 | −0.877% | $2.8M | $3.3M | 75x | as long as short |
| OKX XTZ-USDT-SWAPshort | +0.0100% | 8h | 0.3393 | −0.789% | $1.2M | $1.4M | 20x | |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3393 | −0.789% | $629K | $196K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3396 | −0.702% | $2.1M | $603K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3396 | −0.702% | $672K | $316K | 30x | as long as short |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
BingX XTZ-USDT
Variational Omni XTZ
Binance XTZUSDT
Bybit XTZUSDT
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XTZUSDT | +0.0100% | 4h | 0.3391 | −0.848% | $928K | $1.1M | 75x | as long as short |
| BloFin XTZ-USDTlong | +0.0134% | 4h | 0.3420 | long leg | $281K | $98K | 75x |
Bitget XTZUSDT