Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.27 per $10,000 · paid last 24h +0.011%
Price spread now: BloFin against Bybit+0.236%102s7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as 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−$760.762% of the position
Funding, last 7 days+0.025%+$3 on $10k
+Price spread, last 3 days (all we have)−0.165%−$16 · spread now +0.236%, 7d avg −0.052%
=The price spread pays, funding is against you. BloFin is 0.288% dearer against Bybit than usual: you sell high and buy low (spread +0.236% now, against its 7-day average of −0.052%): +$29 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 18 days. The two prices were read 102 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 | Bybit XTZUSDT | 0.3386 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $2.7M | $3.4M | 75x |
| Short | BloFin XTZ-USDT | 0.3394 | 0.0046 | get 0.0023% / 4h | 3h 39m | $279K | $97K | 75x |
Bybit XTZUSDT
BloFin XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$11.39
- Price spread: +0.236% → −0.052%
- $28.82
- Slippage, 4 orders
- −$53.19
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$58.75
- Costs to cover
- 0.762%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 27 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, 3 min ago | 1.48 bp | 25.3 bp −$25 | 56.9 bp −$569 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 27 min ago | 1.46 bp | 17.7 bp −$18 | 45.6 bp −$456 | 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 | 0.3393 | +0.214% | $268K | $240K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +2.894% | $62 | $17K | 5.5x | as long as short |
| BloFin XTZ-USDTshort | +0.0046% | 4h | 0.3394 | +0.236% | $279K | $97K | 75x | |
| Binance XTZUSDT | +0.0100% | 4h | 0.3387 | +0.029% | $4.8M | $10.4M | 75x | as long as short |
| Bybit XTZUSDTlong | +0.0100% | 4h | 0.3386 | long leg | $2.7M | $3.4M | 75x | |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3388 | +0.059% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3393 | +0.207% | $628K | $200K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3389 | +0.089% | $2.0M | $640K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3390 | +0.118% | $645K | $338K | 30x | as long as short |
| Bitget XTZUSDT | +0.0100% | 4h | 0.3388 | +0.059% | $913K | $1.2M | 75x | as long as short |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
Binance XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTM
Bitget XTZUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XTZ-USDT | +0.0100% | 4h | 0.3387 | +0.030% | — | $1.1M | — | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3389 | +0.088% | $121K | $296K | — | as long as short |
BingX XTZ-USDT
Variational Omni XTZ