Funding you earn now, next payment 04:00 UTC+0.0051%/8h= +5.5% APRpaid last 24h −0.024%
Price spread now: BloFin against Gate+0.119%48s7-day average −0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as 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−$1261.255% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 3 days (all we have)−0.180%−$18 · spread now +0.119%, 7d avg −0.068%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.187% dearer against Gate than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.068%. Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour. The two prices were read 48 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 | Gate XTZ_USDT | 0.3372 | 0.0100 | pay 0.0100% / 8h | 7h 18m | $624K | $201K | 75x |
| Short | BloFin XTZ-USDT | 0.3376 | 0.0151 | get 0.0075% / 4h | 3h 18m | $281K | $97K | 75x |
Gate XTZ_USDT
BloFin XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- $10.64
- Price spread: +0.119% → −0.068%
- $18.67
- Slippage, 4 orders
- −$98.55
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$96.23
- Costs to cover
- 1.255%
- Break-even
- 70.3 days
Slippage from Gate: live order book, 53 min ago; BloFin: live order book, 48 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 Gate live order book, 53 min ago | 2.94 bp | 46.3 bp −$46 | 135.5 bp −$1,355 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 48 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 | −0.0177% | 1h | 0.3389 | +0.491% | $270K | $244K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.321% | $62 | $17K | 5.5x | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3379 | +0.206% | $121K | $296K | — | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3376 | +0.119% | $4.8M | $10.5M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3376 | +0.119% | $2.7M | $3.4M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3377 | +0.148% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDTlong | +0.0100% | 8h | 0.3372 | long leg | $624K | $201K | 75x | |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3373 | +0.030% | $2.0M | $641K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3373 | +0.030% | $638K | $243K | 30x | as long as short |
| Bitget XTZUSDT | +0.0100% | 4h | 0.3373 | +0.030% | $920K | $1.2M | 75x | as long as short |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
Variational Omni XTZ
Binance XTZUSDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
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 | 0.3374 | +0.059% | — | $1.1M | — | as long as short |
| BloFin XTZ-USDTshort | +0.0151% | 4h | 0.3376 | +0.119% | $281K | $97K | 75x |
BingX XTZ-USDT