Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.034%
Price spread now: Bitget against KuCoin−0.030%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1701.697% of the position
Funding, last 7 days−0.328%−$33 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.030%, 7d avg −0.005%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.024% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XTZUSDTM | 0.3369 | 0.0100 | pay 0.0050% / 4h | 1m 21s | $625K | $199K | 30x |
| Short | Bitget XTZUSDT | 0.3368 | −0.0140 | pay 0.0070% / 4h | 1m 21s | $914K | $882K | 75x |
KuCoin XTZUSDTM
Bitget XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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
- −$50.4
- Price spread: −0.030% → −0.005%
- −$2.44
- Slippage, 4 orders
- −$145.67
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$222.51
- Costs to cover
- 1.697%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 43 min ago; Bitget: live order book, 40 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 KuCoin live order book, 43 min ago | 4.46 bp | 53.5 bp −$54 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 40 min ago | 2.97 bp | 23.6 bp −$24 | 54.3 bp −$543 | 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 | −0.0353% | 1h | 0.3373 | +0.131% | $278K | $278K | 50x | as long as short |
| Bybit XTZUSDT | −0.0195% | 4h | 0.3371 | +0.059% | $2.7M | $2.6M | 75x | as long as short |
| Bitget XTZUSDTshort | −0.0140% | 4h | 0.3368 | −0.030% | $914K | $882K | 75x | |
| Variational Omni XTZ | −0.0130% | 4h | 0.3359 | −0.310% | $101K | $298K | — | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.413% | $62 | $17K | 5.5x | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3369 | 0.000% | $4.7M | $9.5M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3369 | 0.000% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3368 | −0.030% | $618K | $167K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3368 | −0.030% | $2.1M | $764K | 100x | as long as short |
| KuCoin XTZUSDTMlong | +0.0100% | 4h | 0.3369 | long leg | $625K | $199K | 30x |
Kraken Futures PF_XTZUSD
Bybit XTZUSDT
Variational Omni XTZ
Injective XTZ/USDC PERP
Binance XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XTZ-USDT | +0.0100% | 4h | 0.3370 | +0.030% | — | $1.1M | — | as long as short |
| BloFin XTZ-USDT | +0.0133% | 4h | 0.3366 | −0.089% | $276K | $94K | 75x | as long as short |
BingX XTZ-USDT
BloFin XTZ-USDT