Funding you earn now, next payment 06:00 UTC+0.0551%/8h= +60.4% APRpaid last 24h +0.049%
Price spread now: MEXC against Kraken Futures−0.169%7-day average −0.184% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$690.694% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.169%, 7d avg −0.184%
=The price spread sits at its 7-day average of −0.184%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.016% in total (about -0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XTZUSD | 0.3365 | −0.0577 | get 0.0072% / 1h | 13m 44s | $278K | $267K | 50x |
| Short | MEXC XTZ_USDT | 0.3359 | −0.0026 | pay 0.0013% / 4h | 2h 13m | $2.1M | $715K | 100x |
Kraken Futures PF_XTZUSD
MEXC XTZ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $115.78
- Price spread: −0.169% → −0.184%
- $1.59
- Slippage, 4 orders
- −$55.41
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $47.95
- Costs to cover
- 0.694%
- Break-even
- 4.1 days
Slippage from Kraken Futures: live order book, 34 min ago; MEXC: live order book, 3 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, 34 min ago | 4.41 bp | 29.6 bp −$30 | 133.3 bp −$1,333 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.49 bp | 4.3 bp −$4 | 26.1 bp −$261 | 122.1 bp −$12.2K | 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_XTZUSDlong | −0.0577% | 1h | 0.3365 | long leg | $278K | $267K | 50x | |
| Bitget XTZUSDT | −0.0218% | 4h | 0.3362 | −0.079% | $912K | $857K | 75x | as long as short |
| Bybit XTZUSDT | −0.0072% | 4h | 0.3360 | −0.139% | $2.7M | $2.7M | 75x | as long as short |
| MEXC XTZ_USDTshort | −0.0026% | 4h | 0.3359 | −0.169% | $2.1M | $715K | 100x | |
| Binance XTZUSDT | −0.0021% | 4h | 0.3361 | −0.109% | $4.6M | $9.6M | 75x | as long as short |
| BloFin XTZ-USDT | −0.0012% | 4h | 0.3358 | −0.198% | $274K | $94K | 75x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.546% | $62 | $17K | 5.5x | as long as short |
| Variational Omni XTZ | +0.0064% | 4h | 0.3354 | −0.304% | $101K | $298K | — | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3364 | −0.020% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3357 | −0.228% | $616K | $167K | 75x | as long as short |
Bitget XTZUSDT
Bybit XTZUSDT
Binance XTZUSDT
BloFin XTZ-USDT
Injective XTZ/USDC PERP
Variational Omni XTZ
OKX XTZ-USDT-SWAP
Gate XTZ_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3359 | −0.169% | $621K | $188K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3360 | −0.139% | — | $1.1M | — | as long as short |
KuCoin XTZUSDTM
BingX XTZ-USDT