Funding you earn now, next payment 02:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.041%
Price spread now: Bitget against Kraken Futures+0.093%7-day average −0.156% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$960.965% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 3 days (all we have)−0.243%−$24 · spread now +0.093%, 7d avg −0.156%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.249% dearer against Kraken Futures than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.156%. Mind the row above: over the last 7 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XTZUSD | 0.3378 | 0.0075 | pay 0.0009% / 1h | 29m 15s | $270K | $245K | 50x |
| Short | Bitget XTZUSDT | 0.3381 | 0.0100 | get 0.0050% / 4h | 2h 29m | $918K | $1.1M | 75x |
Kraken Futures PF_XTZUSD
Bitget XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kraken Futures. 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
- $5.26
- Price spread: +0.093% → −0.156%
- $24.86
- Slippage, 4 orders
- −$74.46
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$66.34
- Costs to cover
- 0.965%
- Break-even
- 95.2 days
Slippage from Kraken Futures: live order book, 38 min ago; Bitget: live order book, 2 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 Kraken Futures live order book, 38 min ago | 8.83 bp | 32.8 bp −$33 | 109.1 bp −$1,091 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 2.96 bp | 19.2 bp −$19 | 54.0 bp −$540 | doesn't fit | doesn't fit |
XTZ on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.142% | $62 | $17K | 5.5x | as long as short |
| Kraken Futures PF_XTZUSDlong | +0.0075% | 1h | 0.3378 | long leg | $270K | $245K | 50x | |
| Binance XTZUSDT | +0.0100% | 4h | 0.3377 | −0.038% | $4.7M | $10.5M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3377 | −0.026% | $2.7M | $3.3M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3378 | +0.004% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3383 | +0.152% | $625K | $174K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3383 | +0.152% | $2.1M | $661K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3384 | +0.182% | $636K | $227K | 30x | as long as short |
| Bitget XTZUSDTshort | +0.0100% | 4h | 0.3381 | +0.093% | $918K | $1.1M | 75x | |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3379 | +0.033% | — | $1.1M | — | as long as short |
Injective XTZ/USDC PERP
Binance XTZUSDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTM
BingX XTZ-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3380 | +0.062% | $85K | $331K | — | as long as short |
Variational Omni XTZ