Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −11.0% APRnext payment −$0.50 per $10,000 · paid last 24h −0.024%
Price spread now: BloFin against KuCoin−0.119%65s7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$193as 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−$1671.667% of the position
Funding, last 7 days−0.267%−$27 on $10k
+Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.119%, 7d avg −0.044%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BloFin is 0.075% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.044%). Swap the legs. The two prices were read 65 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 | KuCoin XTZUSDTM | 0.3365 | 0.0100 | pay 0.0050% / 4h | 2h 11m | $622K | $188K | 30x |
| Short | BloFin XTZ-USDT | 0.3361 | 0.0000 | pay 0.0000% / 4h | 2h 11m | $274K | $94K | 75x |
KuCoin XTZUSDTM
BloFin XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$21
- Price spread: −0.119% → −0.044%
- −$7.5
- Slippage, 4 orders
- −$142.71
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$195.22
- Costs to cover
- 1.667%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 47 min ago; BloFin: live order book, 12 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, 47 min ago | 7.34 bp | 51.9 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 12 min ago | 2.99 bp | 22.5 bp −$23 | 55.2 bp −$552 | 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 | −0.0576% | 1h | 0.3371 | +0.185% | $278K | $267K | 50x | as long as short |
| Bitget XTZUSDT | −0.0212% | 4h | 0.3364 | −0.030% | $905K | $856K | 75x | as long as short |
| Bybit XTZUSDT | −0.0047% | 4h | 0.3363 | −0.059% | $2.7M | $2.7M | 75x | as long as short |
| MEXC XTZ_USDT | −0.0020% | 4h | 0.3364 | −0.030% | $2.1M | $715K | 100x | as long as short |
| Binance XTZUSDT | −0.0015% | 4h | 0.3365 | 0.000% | $4.6M | $9.6M | 75x | as long as short |
| BloFin XTZ-USDTshort | 0.0000% | 4h | 0.3361 | −0.119% | $274K | $94K | 75x | |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.536% | $62 | $17K | 5.5x | as long as short |
| Variational Omni XTZ | +0.0064% | 4h | 0.3354 | −0.314% | $101K | $298K | — | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3364 | −0.030% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3362 | −0.089% | $617K | $167K | 75x | as long as short |
Kraken Futures PF_XTZUSD
Bitget XTZUSDT
Bybit XTZUSDT
MEXC XTZ_USDT
Binance XTZUSDT
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 XTZUSDTMlong | +0.0100% | 4h | 0.3365 | long leg | $622K | $188K | 30x | |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3365 | 0.000% | — | $1.1M | — | as long as short |
BingX XTZ-USDT