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Funding arb · Price arb /

XTZ

all XTZ markets
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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC−0.0277%/8h= −30.3% APRpaid last 24h −0.040%
Price spread now: Kraken Futures against MEXC+0.279%7-day average +0.191% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$610.608% of the position
Long on MEXCShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 3 days (all we have)−0.087%−$9 · spread now +0.279%, 7d avg +0.191%
Together, before fees−0.065%−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.088% dearer against MEXC than usual: you sell high and buy low (spread +0.279% now, against its 7-day average of +0.191%): +$9 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 25 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.2% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC XTZ_USDT0.33790.0100pay 0.0050% / 4h3h 36m$2.0M$640K100x
ShortKraken Futures PF_XTZUSD0.3388−0.0177pay 0.0022% / 1h36m 36s$268K$240K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$58.08
Price spread: +0.279% → +0.191%
$8.81
Slippage, 4 orders
−$46.78
Fee MEXC: 2 bp × 2 orders
−$4
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$110.05
Costs to cover
0.608%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; Kraken Futures: live order book, 36 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 5 min ago1.48 bp3.6 bp −$430.9 bp −$309124.7 bp −$12.5Kdoesn't fit
Sell Kraken Futures live order book, 36 min ago7.32 bp27.3 bp −$2767.9 bp −$679doesn't fitdoesn't fit

XTZ on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XTZUSDshort−0.0177%1h0.3388+0.279%$268K$240K50x
Injective XTZ/USDC PERP+0.0033%1h0.3484+3.107%$62$17K5.5xas long as short
BloFin XTZ-USDT+0.0099%4h0.3386+0.207%$280K$97K75xas long as short
Binance XTZUSDT+0.0100%4h0.3379+0.006%$4.8M$10.5M75xas long as short
Bybit XTZUSDT+0.0100%4h0.3382+0.089%$2.7M$3.4M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.33790.000%$1.2M$1.4M20xas long as short
Gate XTZ_USDT+0.0100%8h0.3378−0.030%$625K$200K75xas long as short
MEXC XTZ_USDTlong+0.0100%4h0.3379long leg$2.0M$640K100x
KuCoin XTZUSDTM+0.0100%4h0.3383+0.118%$644K$338K30xas long as short
Bitget XTZUSDT+0.0100%4h0.3378−0.030%$909K$1.2M75xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XTZ-USDT+0.0100%4h0.33790.000%—$1.1M—as long as short
Variational Omni XTZ+0.0100%4h0.3389+0.295%$121K$296K—as long as short