Funding you earn now, next payment 00:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.065%
Price spread now: Kraken Futures against Gate+0.111%51s7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as 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−$1501.501% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 3 days (all we have)+0.048%+$5 · spread now +0.111%, 7d avg +0.123%
=The price spread sits at its 7-day average of +0.123%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 51 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 | 0.3424 | 0.0100 | pay 0.0100% / 8h | 2m 21s | $635K | $202K | 75x |
| Short | Kraken Futures PF_XTZUSD | 0.3428 | 0.0015 | get 0.0002% / 1h | 2m 21s | $271K | $232K | 50x |
Gate XTZ_USDT
Kraken Futures PF_XTZUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$17.91
- Price spread: +0.111% → +0.123%
- −$1.18
- Slippage, 4 orders
- −$125.07
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$169.17
- Costs to cover
- 1.501%
- Break-even
- never at this rate
Slippage from Gate: live order book, 9 min ago; Kraken Futures: live order book, 10 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, 9 min ago | 2.94 bp | 46.3 bp −$46 | 135.5 bp −$1,355 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 10 min ago | 7.32 bp | 27.3 bp −$27 | 67.9 bp −$679 | 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_XTZUSDshort | +0.0015% | 1h | 0.3428 | +0.111% | $271K | $232K | 50x | |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.752% | $62 | $17K | 5.5x | as long as short |
| BingX XTZ-USDT | +0.0036% | 4h | 0.3424 | 0.000% | — | $1.1M | — | as long as short |
| BloFin XTZ-USDT | +0.0056% | 4h | 0.3420 | −0.117% | $281K | $98K | 75x | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3422 | −0.053% | $4.8M | $10.1M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3422 | −0.058% | $2.8M | $3.3M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3425 | +0.029% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDTlong | +0.0100% | 8h | 0.3424 | long leg | $635K | $202K | 75x | |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3422 | −0.058% | $2.2M | $627K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3425 | +0.029% | $677K | $316K | 30x | as long as short |
Injective XTZ/USDC PERP
BingX XTZ-USDT
BloFin XTZ-USDT
Binance XTZUSDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
MEXC XTZ_USDT
KuCoin XTZUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XTZUSDT | +0.0100% | 4h | 0.3422 | −0.058% | $944K | $1.2M | 75x | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3421 | −0.101% | $122K | $296K | — | as long as short |
Bitget XTZUSDT
Variational Omni XTZ