Funding you earn now, next payment 08:00 UTC+0.0207%/8h= +22.7% APRnext payment +$1.04 per $10,000 · paid last 24h +0.024%
Price spread now: KuCoin against Bybit−0.089%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$1941.944% of the position
Funding, last 7 days+0.290%+$29 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.089%, 7d avg −0.012%
=Funding pays, the price is against you. KuCoin is 0.076% cheaper against Bybit than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.012%). If the spread goes back, that is −$8 on $10k: about 29 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XTZUSDT | 0.3386 | −0.0107 | get 0.0054% / 4h | 2h 36m | $2.7M | $2.6M | 75x |
| Short | KuCoin XTZUSDTM | 0.3383 | 0.0100 | get 0.0050% / 4h | 2h 36m | $624K | $187K | 30x |
Bybit XTZUSDT
KuCoin XTZUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $43.57
- Price spread: −0.089% → −0.012%
- −$7.64
- Slippage, 4 orders
- −$171.42
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$158.49
- Costs to cover
- 1.944%
- Break-even
- 32.5 days
Slippage from Bybit: live order book, 6 min ago; KuCoin: live order book, 23 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, 6 min ago | 4.44 bp | 34.8 bp −$35 | 53.9 bp −$539 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 23 min ago | 7.34 bp | 69.7 bp −$70 | 567.1 bp −$5,671 | 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 | −0.0573% | 1h | 0.3392 | +0.178% | $278K | $263K | 50x | as long as short |
| Bitget XTZUSDT | −0.0206% | 4h | 0.3382 | −0.118% | $910K | $868K | 75x | as long as short |
| Bybit XTZUSDTlong | −0.0107% | 4h | 0.3386 | long leg | $2.7M | $2.6M | 75x | |
| BloFin XTZ-USDT | −0.0064% | 4h | 0.3383 | −0.089% | $280K | $95K | 75x | as long as short |
| MEXC XTZ_USDT | −0.0034% | 4h | 0.3387 | +0.030% | $2.1M | $685K | 100x | as long as short |
| Binance XTZUSDT | −0.0031% | 4h | 0.3386 | 0.000% | $4.7M | $9.6M | 75x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +2.894% | $62 | $17K | 5.5x | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3377 | −0.266% | $85K | $282K | — | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3385 | −0.030% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3383 | −0.089% | $625K | $161K | 75x | as long as short |
Kraken Futures PF_XTZUSD
Bitget XTZUSDT
BloFin XTZ-USDT
MEXC XTZ_USDT
Binance XTZUSDT
Injective XTZ/USDC PERP
Variational Omni XTZ
OKX XTZ-USDT-SWAP
Gate XTZ_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XTZUSDTMshort | +0.0100% | 4h | 0.3383 | −0.089% | $624K | $187K | 30x | |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3384 | −0.059% | — | $1.1M | — | as long as short |
BingX XTZ-USDT