Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against Bybit−0.058%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1261.256% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 7 days+0.101%+$10 · spread now −0.058%, 7d avg −0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.052% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XTZUSDT | 0.3447 | 0.0100 | pay 0.0050% / 4h | 2h 52m | $2.8M | $3.2M | 75x |
| Short | Binance XTZUSDT | 0.3445 | 0.0099 | get 0.0049% / 4h | 2h 52m | $4.8M | $9.9M | 75x |
Bybit XTZUSDT
Binance XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- −$0.26
- Price spread: −0.058% → −0.006%
- −$5.16
- Slippage, 4 orders
- −$104.58
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$131
- Costs to cover
- 1.256%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Binance: 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 Bybit live order book, 5 min ago | 1.45 bp | 44.0 bp −$44 | 262.9 bp −$2,629 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.45 bp | 20.4 bp −$20 | 57.6 bp −$576 | 458.0 bp −$45.8K | 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 | −0.0337% | 1h | 0.3457 | +0.300% | $282K | $226K | 50x | as long as short |
| Bitget XTZUSDT | +0.0030% | 4h | 0.3450 | +0.087% | $948K | $1.2M | 75x | as long as short |
| BingX XTZ-USDT | +0.0030% | 4h | 0.3448 | +0.029% | — | $1.1M | — | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.073% | $62 | $17K | 5.5x | as long as short |
| Binance XTZUSDTshort | +0.0099% | 4h | 0.3445 | −0.058% | $4.8M | $9.9M | 75x | |
| Bybit XTZUSDTlong | +0.0100% | 4h | 0.3447 | long leg | $2.8M | $3.2M | 75x | |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3448 | +0.029% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3447 | 0.000% | $631K | $206K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3451 | +0.116% | $2.1M | $609K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3451 | +0.116% | $704K | $312K | 30x | as long as short |
Kraken Futures PF_XTZUSD
Bitget XTZUSDT
BingX XTZ-USDT
Injective XTZ/USDC PERP
OKX XTZ-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3453 | +0.188% | $210K | $211K | — | as long as short |
| BloFin XTZ-USDT | +0.0120% | 4h | 0.3449 | +0.058% | $286K | $82K | 75x | as long as short |
Variational Omni XTZ
BloFin XTZ-USDT