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

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Gate0.000%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$223as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2442.445% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.213%+$21 on $10k
Price spread, last 4 days (all we have)+0.018%+$2 · spread now 0.000%, 7d avg −0.027%
Together, before fees+0.231%+$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.027% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate XTZ_USDT0.33830.0100pay 0.0100% / 8h6h 27m$625K$174K75x
ShortKuCoin XTZUSDTM0.33830.0100get 0.0050% / 4h2h 27m$635K$227K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: 0.000% → −0.027%
$2.73
Slippage, 4 orders
−$217.46
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$241.73
Costs to cover
2.445%
Break-even
never at this rate
Slippage from Gate: live order book, 39 min ago; KuCoin: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 39 min ago2.96 bp37.2 bp −$37153.6 bp −$1,536doesn't fitdoesn't fit
Sell KuCoin live order book, 11 min ago5.94 bp73.3 bp −$73566.8 bp −$5,668doesn't fitdoesn't fit

XTZ on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XTZ/USDC PERP+0.0033%1h0.3484+2.986%$62$17K5.5xas long as short
Kraken Futures PF_XTZUSD+0.0075%1h0.3385+0.070%$270K$246K50xas long as short
Binance XTZUSDT+0.0100%4h0.3377−0.173%$4.7M$10.5M75xas long as short
Bybit XTZUSDT+0.0100%4h0.3376−0.207%$2.7M$3.3M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.3379−0.118%$1.2M$1.4M20xas long as short
Gate XTZ_USDTlong+0.0100%8h0.3383long leg$625K$174K75x
MEXC XTZ_USDT+0.0100%4h0.3379−0.118%$2.1M$661K100xas long as short
KuCoin XTZUSDTMshort+0.0100%4h0.33830.000%$635K$227K30x
Bitget XTZUSDT+0.0100%4h0.3381−0.059%$918K$1.1M75xas long as short
BingX XTZ-USDT+0.0100%4h0.3376−0.207%$1.1Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XTZ+0.0100%4h0.3380−0.089%$85K$331Kas long as short