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

XTZ

All XTZ markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
OKX SpotXTZ-USDT
0.2560spotno funding——$2.1M1xBuy OKX Spot
SHORT
OKXXTZ-USDT-SWAP
0.2559−0.4446pay 0.4446% / 8h7h 43m$1.1M$9.7M20xShort OKX
Price gap−0.020%
Funding gap−0.4446% /8h

The gap pays +$24 on $10k if it goes back to its 7d average, but funding costs $133 a day and eats that in about 4 hours. At the last 7 days' pace that is about 4.3 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$39−0.4446% /8h now · paid −0.386% over the last 7D
Price+$24spread −0.020% now, avg −0.257% → +0.237% if it goes back
Costs−$2662.662% of $10k · taker + slippage, in and out
Result−$281−2.81%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.386% in total, about −0.0184%/8h on average.

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.020%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

XTZ on 11 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Watch: Thin at this size79.0 / 22.3 bp
    At $10k entering OKX Spot costs 79.0 bp, fee and slippage, 3.5× OKX’s.
  • Note: Spot in full, margin on the short$10,000 + $500
    The spot leg is bought with the whole $10k; OKX runs at up to 20x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on OKX.
  • OK: Only the short pays funding— / 8h
    The spot leg pays no funding; OKX settles every 8h.
    Next 24h at the current rates, on $10k a leg: −$133.37Long OKX Spot: 0 payments, $0.00; short OKX: 3 payments, −$133.37.
  • OK: Entry gap works for you−0.020% vs −0.257%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Note: Spot has no open interest$1.1M OI
    Only OKX reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCOKX Spot Yes · OKX Yes
    Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0184%/8h × 21 periods−$38.58
Price spread−0.020% → −0.257% (7d avg)+$23.75
Slippage, 4 orderslive order books−$236.24
Fee OKX Spot bp × 2 orders−$20.00
Fee OKX bp × 2 orders−$10.00
Net · 7 days · $10k−$281.08
Costs to cover2.662%Break-evennever at this rate
Slippage: OKX Spot: live order book, 3 min ago; OKX: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOKX Spot7.7979.0 bp−$79doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOKX3.9122.3 bp−$22261.5 bp−$2,615doesn’t fitdoesn’t fit

Closing costs about the same again.

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