Funding you earn now, next payment 20:00 UTC+0.0130%/8hnext payment +$0.65 per $10,000 · paid last 24h −0.007%
Price spread now: Bybit against Binance+0.029%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$880.884% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 7 days−0.053%−$5 · spread now +0.029%, 7d avg +0.007%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.022% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XTZUSDT | 0.3507 | −0.0030 | get 0.0015% / 4h | 6m 53s | $4.9M | $9.6M | 75x |
| Short | Bybit XTZUSDT | 0.3508 | 0.0100 | get 0.0050% / 4h | 6m 53s | $3.0M | $3.0M | 75x |
Binance XTZUSDT
Bybit XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $27.4
- Price spread: +0.029% → +0.007%
- $2.19
- Slippage, 4 orders
- −$67.4
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$58.81
- Costs to cover
- 0.884%
- Break-even
- 22.0 days
Slippage from Binance: live order book, 7 min ago; Bybit: 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 Binance live order book, 7 min ago | 1.43 bp | 19.4 bp −$19 | 69.9 bp −$699 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.43 bp | 25.3 bp −$25 | 53.4 bp −$534 | 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 | −0.0361% | 1h | 0.3518 | +0.310% | $292K | $221K | 50x | as long as short |
| BingX XTZ-USDT | −0.0118% | 4h | 0.3509 | +0.057% | — | $1.1M | — | as long as short |
| Bitget XTZUSDT | −0.0108% | 4h | 0.3505 | −0.057% | $978K | $1.2M | 75x | as long as short |
| MEXC XTZ_USDT | −0.0034% | 4h | 0.3507 | 0.000% | $2.2M | $648K | 100x | as long as short |
| Binance XTZUSDTlong | −0.0030% | 4h | 0.3507 | long leg | $4.9M | $9.6M | 75x | |
| BloFin XTZ-USDT | −0.0006% | 4h | 0.3506 | −0.029% | $289K | $83K | 75x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | −0.656% | $62 | $17K | 5.5x | as long as short |
| Bybit XTZUSDTshort | +0.0100% | 4h | 0.3508 | +0.029% | $3.0M | $3.0M | 75x | |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3508 | +0.029% | $1.3M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3509 | +0.057% | $648K | $221K | 75x | as long as short |
Kraken Futures PF_XTZUSD
BingX XTZ-USDT
Bitget XTZUSDT
MEXC XTZ_USDT
BloFin XTZ-USDT
Injective XTZ/USDC PERP
OKX XTZ-USDT-SWAP
Gate XTZ_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3510 | +0.086% | $668K | $285K | 30x | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3499 | −0.214% | $90K | $88K | — | as long as short |
KuCoin XTZUSDTM
Variational Omni XTZ