Funding you earn now, next payment 00:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.30 per $10,000 · paid last 24h −0.008%
Price spread now: Bitget against MEXC0.000%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$350.354% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now 0.000%, 7d avg +0.034%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.034% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC XTZ_USDT | 0.3449 | 0.0098 | pay 0.0049% / 4h | 2h 50m | $2.1M | $609K | 100x |
| Short | Bitget XTZUSDT | 0.3449 | 0.0038 | get 0.0019% / 4h | 2h 50m | $952K | $1.2M | 75x |
MEXC XTZ_USDT
Bitget XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against MEXC. 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
- −$12.6
- Price spread: 0.000% → +0.034%
- −$3.37
- Slippage, 4 orders
- −$19.38
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$51.35
- Costs to cover
- 0.354%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 5 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 MEXC live order book, 1 min ago | 1.45 bp | 3.5 bp −$3 | 23.4 bp −$234 | 139.8 bp −$14.0K | doesn't fit |
| Sell Bitget live order book, 5 min ago | 2.90 bp | 18.8 bp −$19 | 49.7 bp −$497 | 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 | −0.0337% | 1h | 0.3453 | +0.112% | $281K | $223K | 50x | as long as short |
| BingX XTZ-USDT | +0.0022% | 4h | 0.3447 | −0.058% | — | $1.1M | — | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.015% | $62 | $17K | 5.5x | as long as short |
| Bitget XTZUSDTshort | +0.0038% | 4h | 0.3449 | 0.000% | $952K | $1.2M | 75x | |
| BloFin XTZ-USDT | +0.0059% | 4h | 0.3448 | −0.029% | $285K | $82K | 75x | as long as short |
| MEXC XTZ_USDTlong | +0.0098% | 4h | 0.3449 | long leg | $2.1M | $609K | 100x | |
| Binance XTZUSDT | +0.0100% | 4h | 0.3448 | −0.024% | $4.8M | $9.9M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3450 | +0.029% | $2.8M | $3.2M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3447 | −0.058% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3450 | +0.029% | $631K | $206K | 75x | as long as short |
Kraken Futures PF_XTZUSD
BingX XTZ-USDT
Injective XTZ/USDC PERP
BloFin XTZ-USDT
Binance XTZUSDT
Bybit XTZUSDT
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 | 0.3452 | +0.087% | $704K | $312K | 30x | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3453 | +0.130% | $210K | $211K | — | as long as short |
KuCoin XTZUSDTM
Variational Omni XTZ