Funding you earn now, next payment 00:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.036%
Price spread now: Bitget against OKX−0.029%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1001.002% of the position
Funding, last 7 days−0.070%−$7 on $10k
+Price spread, last 4 days (all we have)−0.189%−$19 · spread now −0.029%, 7d avg 0.000%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.029% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of 0.000%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XTZ-USDT-SWAP | 0.3452 | 0.0100 | pay 0.0100% / 8h | 2h 56m | $1.2M | $1.4M | 20x |
| Short | Bitget XTZUSDT | 0.3451 | 0.0040 | get 0.0020% / 4h | 2h 56m | $951K | $1.2M | 75x |
OKX XTZ-USDT-SWAP
Bitget XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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: −0.029% → 0.000%
- −$2.87
- Slippage, 4 orders
- −$78.16
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$115.63
- Costs to cover
- 1.002%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 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 OKX live order book, 5 min ago | 2.89 bp | 31.6 bp −$32 | 186.6 bp −$1,866 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 2.89 bp | 21.2 bp −$21 | 55.9 bp −$559 | 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 | 0.3457 | +0.158% | $280K | $230K | 50x | as long as short |
| BingX XTZ-USDT | +0.0030% | 4h | 0.3452 | 0.000% | — | $1.1M | — | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +0.927% | $62 | $17K | 5.5x | as long as short |
| Bitget XTZUSDTshort | +0.0040% | 4h | 0.3451 | −0.029% | $951K | $1.2M | 75x | |
| Binance XTZUSDT | +0.0100% | 4h | 0.3452 | −0.013% | $4.8M | $9.9M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3454 | +0.058% | $2.9M | $3.2M | 75x | as long as short |
| OKX XTZ-USDT-SWAPlong | +0.0100% | 8h | 0.3452 | long leg | $1.2M | $1.4M | 20x | |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3455 | +0.087% | $632K | $205K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3452 | 0.000% | $2.1M | $609K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3461 | +0.261% | $706K | $313K | 30x | as long as short |
Kraken Futures PF_XTZUSD
BingX XTZ-USDT
Injective XTZ/USDC PERP
Binance XTZUSDT
Bybit XTZUSDT
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3465 | +0.364% | $211K | $211K | — | as long as short |
| BloFin XTZ-USDT | +0.0119% | 4h | 0.3463 | +0.319% | $287K | $82K | 75x | as long as short |
Variational Omni XTZ
BloFin XTZ-USDT