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

XTZ

All XTZ markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Bybit SpotXTZUSDT
0.2570spotno funding——$4.6M1xBuy Bybit Spot
SHORT
BybitXTZUSDT
0.2562−0.8902pay 0.1113% / 1h44m 37s$3.4M$11.0M75xShort Bybit
Price gap−0.311%
Funding gap−0.8902% /8h

Both sides work against this pair now: funding costs $267 a day on $10k and the gap is 0.047% under its 7d average. Spot cannot be shorted here, so there is no reverse.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$59−0.8902% /8h now · paid −0.586% over the last 7D
Price−$5spread −0.311% now, avg −0.265% → −0.047% if it goes back
Costs−$1921.915% of $10k · taker + slippage, in and out
Result−$255−2.55%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.586% in total, about −0.0279%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.311%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

XTZ on 11 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size70.5 / 26.3 bp
    At $10k entering Bybit Spot costs 70.5 bp, fee and slippage, 2.7× Bybit’s.
  • Note: Spot in full, margin on the short$10,000 + $133
    The spot leg is bought with the whole $10k; Bybit runs at up to 75x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
  • OK: Only the short pays funding— / 1h
    The spot leg pays no funding; Bybit settles every 1h.
    Next 24h at the current rates, on $10k a leg: −$267.06Long Bybit Spot: 0 payments, $0.00; short Bybit: 24 payments, −$267.06.
  • Watch: Gap narrower than usual−0.311% vs −0.265%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Note: Spot has no open interest$3.4M OI
    Only Bybit reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Spot Yes · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0279%/8h × 21 periods−$58.64
Price spread−0.311% → −0.265% (7d avg)−$4.67
Slippage, 4 orderslive order books−$160.54
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$254.86
Costs to cover1.915%Break-evennever at this rate
Slippage: Bybit Spot: live order book, 2 min ago; Bybit: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit Spot11.6970.5 bp−$71doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit3.9126.3 bp−$26225.6 bp−$2,256doesn’t fitdoesn’t fit

Closing costs about the same again.

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