Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +1.9% APRpaid last 24h −0.025%
Price spread now: BloFin against OKX+0.029%93s7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$990.988% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 3 days (all we have)+0.112%+$11 · spread now +0.029%, 7d avg −0.034%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.063% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.034%. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX XTZ-USDT-SWAP | 0.3444 | 0.0100 | pay 0.0100% / 8h | 2h 01m | $1.2M | $1.4M | 20x |
| Short | BloFin XTZ-USDT | 0.3445 | 0.0118 | get 0.0059% / 4h | 2h 01m | $284K | $82K | 75x |
OKX XTZ-USDT-SWAP
BloFin XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $3.72
- Price spread: +0.029% → −0.034%
- $6.31
- Slippage, 4 orders
- −$76.84
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$88.81
- Costs to cover
- 0.988%
- Break-even
- 174.0 days
Slippage from OKX: live order book, 5 min ago; BloFin: live order book, 15 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 | 2.90 bp | 35.3 bp −$35 | 222.1 bp −$2,221 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 15 min ago | 1.45 bp | 19.6 bp −$20 | 47.9 bp −$479 | 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 | −0.0338% | 1h | 0.3451 | +0.201% | $280K | $217K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.161% | $62 | $17K | 5.5x | as long as short |
| BingX XTZ-USDT | +0.0036% | 4h | 0.3448 | +0.116% | — | $1.1M | — | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3444 | 0.000% | $4.8M | $10.1M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3443 | −0.029% | $2.9M | $3.3M | 75x | as long as short |
| OKX XTZ-USDT-SWAPlong | +0.0100% | 8h | 0.3444 | long leg | $1.2M | $1.4M | 20x | |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3444 | 0.000% | $642K | $216K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3445 | +0.029% | $2.2M | $633K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3447 | +0.087% | $687K | $315K | 30x | as long as short |
| Bitget XTZUSDT | +0.0100% | 4h | 0.3447 | +0.087% | $951K | $1.2M | 75x | as long as short |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
BingX XTZ-USDT
Binance XTZUSDT
Bybit XTZUSDT
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTM
Bitget XTZUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3447 | +0.083% | $123K | $296K | — | as long as short |
| BloFin XTZ-USDTshort | +0.0118% | 4h | 0.3445 | +0.029% | $284K | $82K | 75x |
Variational Omni XTZ