Settings8H · net · $10k
Funding arb · Price arb /

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.028%
Price spread now: KuCoin against MEXC+0.088%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$150as in the Price arb table
costs, in and out, $10k−$1551.551% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.265%+$27 on $10k
Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.088%, 7d avg +0.039%
Together, before fees+0.219%+$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.050% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC XTZ_USDT0.33940.0100pay 0.0050% / 4h2h 02m$2.1M$677K100x
ShortKuCoin XTZUSDTM0.33970.0100get 0.0050% / 4h2h 02m$638K$189K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$0
Price spread: +0.088% → +0.039%
$4.97
Slippage, 4 orders
−$139.14
Fee MEXC: 2 bp × 2 orders
−$4
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$150.17
Costs to cover
1.551%
Break-even
never at this rate
Slippage from MEXC: live order book, 5 min ago; KuCoin: 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 ago2.95 bp5.1 bp −$528.3 bp −$283126.9 bp −$12.7Kdoesn't fit
Sell KuCoin live order book, 36 min ago5.94 bp73.3 bp −$73566.8 bp −$5,668doesn't fitdoesn't fit

XTZ on 11 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
Injective XTZ/USDC PERP+0.0033%1h0.3484+2.652%$62$17K5.5xas long as short
Kraken Futures PF_XTZUSD+0.0074%1h0.3397+0.099%$272K$235K50xas long as short
Binance XTZUSDT+0.0100%4h0.3394−0.004%$4.7M$9.9M75xas long as short
Bybit XTZUSDT+0.0100%4h0.33940.000%$2.7M$3.0M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.3395+0.029%$1.2M$1.3M20xas long as short
Gate XTZ_USDT+0.0100%8h0.3397+0.088%$628K$175K75xas long as short
MEXC XTZ_USDTlong+0.0100%4h0.3394long leg$2.1M$677K100x
KuCoin XTZUSDTMshort+0.0100%4h0.3397+0.088%$638K$189K30x
Bitget XTZUSDT+0.0100%4h0.3393−0.029%$918K$970K75xas long as short
BingX XTZ-USDT+0.0100%4h0.3380−0.412%$1.1Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XTZ+0.0100%4h0.3384−0.283%$85K$331Kas long as short