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

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.028%
Price spread now: OKX against MEXC−0.299%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$600.605% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 7 days+0.279%+$28 · spread now −0.299%, 7d avg +0.025%
Together, before fees+0.287%+$29 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: OKX is 0.324% cheaper against MEXC than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC XTZ_USDT0.33480.0100pay 0.0050% / 4h51m 56s$2.0M$726K100x
ShortOKX XTZ-USDT-SWAP0.33380.0100get 0.0100% / 8h4h 51m$1.2M$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.299% → +0.025%
−$32.4
Slippage, 4 orders
−$46.49
Fee MEXC: 2 bp × 2 orders
−$4
Fee OKX: 5 bp × 2 orders
−$10
Net
−$92.89
Costs to cover
0.605%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago2.98 bp6.0 bp −$627.9 bp −$279128.4 bp −$12.8Kdoesn't fit
Sell OKX live order book, 3 min ago2.98 bp27.5 bp −$28192.8 bp −$1,928doesn't fitdoesn't fit

XTZ on 12 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XTZUSDT−0.0339%4h0.3342−0.179%$2.6M$2.2M75xas long as short
Kraken Futures PF_XTZUSD−0.0262%1h0.3353+0.141%$270K$251K50xas long as short
Variational Omni XTZ−0.0121%4h0.3353+0.138%$101K$272Kas long as short
Bitget XTZUSDT−0.0042%4h0.3346−0.060%$921K$697K75xas long as short
Injective XTZ/USDC PERP+0.0033%1h0.3484+4.062%$62$17K5.5xas long as short
Binance XTZUSDT+0.0100%4h0.3344−0.120%$4.7M$7.9M75xas long as short
OKX XTZ-USDT-SWAPshort+0.0100%8h0.3338−0.299%$1.2M$1.1M20x
Gate XTZ_USDT+0.0100%8h0.3347−0.030%$605K$123K75xas long as short
MEXC XTZ_USDTlong+0.0100%4h0.3348long leg$2.0M$726K100x
KuCoin XTZUSDTM+0.0100%4h0.3347−0.030%$605K$159K30xas long as short
Show all 12 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XTZ-USDT+0.0100%4h0.3347−0.030%$1.1Mas long as short
BloFin XTZ-USDT+0.0154%4h0.3352+0.119%$282K$94K75xas long as short