Funding you earn now, next payment 06:00 UTC−0.0587%/8h= −64.3% APRpaid last 24h −0.049%
Price spread now: Kraken Futures against Binance+0.184%7-day average +0.183% · you sell dearer than you buy
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1031.033% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)+0.045%+$4 · spread now +0.184%, 7d avg +0.183%
=The price spread sits at its 7-day average of +0.183%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XTZUSDT | 0.3370 | 0.0012 | pay 0.0006% / 4h | 2h 03m | $4.6M | $9.6M | 75x |
| Short | Kraken Futures PF_XTZUSD | 0.3376 | −0.0575 | pay 0.0072% / 1h | 3m 01s | $279K | $267K | 50x |
Binance XTZUSDT
Kraken Futures PF_XTZUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$123.28
- Price spread: +0.184% → +0.183%
- $0.1
- Slippage, 4 orders
- −$83.3
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$226.48
- Costs to cover
- 1.033%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Kraken Futures: live order book, 45 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 | 1.48 bp | 24.2 bp −$24 | 82.7 bp −$827 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 45 min ago | 4.41 bp | 32.1 bp −$32 | 72.0 bp −$720 | 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_XTZUSDshort | −0.0575% | 1h | 0.3376 | +0.184% | $279K | $267K | 50x | |
| Bitget XTZUSDT | −0.0200% | 4h | 0.3371 | +0.030% | $900K | $858K | 75x | as long as short |
| Bybit XTZUSDT | −0.0069% | 4h | 0.3370 | 0.000% | $2.7M | $2.6M | 75x | as long as short |
| BloFin XTZ-USDT | −0.0027% | 4h | 0.3371 | +0.030% | $274K | $95K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0010% | 4h | 0.3371 | +0.030% | $2.1M | $716K | 100x | as long as short |
| Binance XTZUSDTlong | +0.0012% | 4h | 0.3370 | long leg | $4.6M | $9.6M | 75x | |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.383% | $62 | $17K | 5.5x | as long as short |
| Variational Omni XTZ | +0.0053% | 4h | 0.3374 | +0.131% | $102K | $298K | — | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3370 | 0.000% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3373 | +0.089% | $619K | $168K | 75x | as long as short |
Bitget XTZUSDT
Bybit XTZUSDT
BloFin XTZ-USDT
MEXC XTZ_USDT
Injective XTZ/USDC PERP
Variational Omni XTZ
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 | 0.3374 | +0.119% | $623K | $189K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3371 | +0.030% | — | $1.1M | — | as long as short |
KuCoin XTZUSDTM
BingX XTZ-USDT