Settings8H · net · $10k
Funding arb · Price arb /

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: Bitget against Bybit−0.059%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1131.130% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.032%−$3 on $10k
Price spread, last 7 days+0.172%+$17 · spread now −0.059%, 7d avg +0.035%
Together, before fees+0.140%+$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.094% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XTZUSDT0.34000.0100pay 0.0050% / 4h1h 44m$2.7M$2.9M75x
ShortBitget XTZUSDT0.33980.0100get 0.0050% / 4h1h 44m$919K$958K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.059% → +0.035%
−$9.36
Slippage, 4 orders
−$90.05
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$122.41
Costs to cover
1.130%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 22 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago4.43 bp39.0 bp −$39139.5 bp −$1,395doesn't fitdoesn't fit
Sell Bitget live order book, 22 min ago2.95 bp14.8 bp −$1557.0 bp −$570doesn't fitdoesn't fit

XTZ on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XTZUSD−0.0575%1h0.3403+0.074%$280K$243K50xas long as short
Injective XTZ/USDC PERP+0.0033%1h0.3484+2.471%$62$17K5.5xas long as short
BloFin XTZ-USDT+0.0096%4h0.3398−0.059%$281K$102K75xas long as short
Binance XTZUSDT+0.0100%4h0.3399−0.029%$4.7M$9.8M75xas long as short
Bybit XTZUSDTlong+0.0100%4h0.3400long leg$2.7M$2.9M75x
OKX XTZ-USDT-SWAP+0.0100%8h0.34000.000%$1.2M$1.3M20xas long as short
Gate XTZ_USDT+0.0100%8h0.34000.000%$629K$169K75xas long as short
MEXC XTZ_USDT+0.0100%4h0.3399−0.029%$2.1M$641K100xas long as short
KuCoin XTZUSDTM+0.0100%4h0.3401+0.029%$638K$187K30xas long as short
Bitget XTZUSDTshort+0.0100%4h0.3398−0.059%$919K$958K75x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XTZ-USDT+0.0100%4h0.3380−0.588%$1.1Mas long as short
Variational Omni XTZ+0.0100%4h0.3390−0.297%$85K$331Kas long as short