Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h +0.028%
Price spread now: OKX against Binance−0.059%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$940.943% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 7 days+0.110%+$11 · spread now −0.059%, 7d avg +0.024%
=Funding pays, the price is against you. OKX is 0.082% cheaper against Binance than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.024%). If the spread goes back, that is −$8 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.010% in total) that is about 58 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XTZUSDT | 0.3415 | 0.0073 | pay 0.0037% / 4h | 3h 20m | $4.7M | $9.7M | 75x |
| Short | OKX XTZ-USDT-SWAP | 0.3413 | 0.0100 | get 0.0100% / 8h | 3h 20m | $1.2M | $1.3M | 20x |
Binance XTZUSDT
OKX XTZ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $5.67
- Price spread: −0.059% → +0.024%
- −$8.22
- Slippage, 4 orders
- −$74.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$96.82
- Costs to cover
- 0.943%
- Break-even
- 126.6 days
Slippage from Binance: live order book, 4 min ago; OKX: live order book, 1 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, 4 min ago | 2.94 bp | 16.7 bp −$17 | 76.1 bp −$761 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.93 bp | 26.8 bp −$27 | 257.9 bp −$2,579 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget XTZUSDT | −0.0080% | 4h | 0.3411 | −0.117% | $920K | $933K | 75x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +2.020% | $62 | $17K | 5.5x | as long as short |
| MEXC XTZ_USDT | +0.0072% | 4h | 0.3409 | −0.176% | $2.1M | $679K | 100x | as long as short |
| Binance XTZUSDTlong | +0.0073% | 4h | 0.3415 | long leg | $4.7M | $9.7M | 75x | |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3411 | −0.117% | $2.7M | $2.8M | 75x | as long as short |
| OKX XTZ-USDT-SWAPshort | +0.0100% | 8h | 0.3413 | −0.059% | $1.2M | $1.3M | 20x | |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3409 | −0.176% | $630K | $165K | 75x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3410 | −0.146% | $627K | $193K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3413 | −0.059% | — | $1.1M | — | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3408 | −0.193% | $86K | $331K | — | as long as short |
Bitget XTZUSDT
Injective XTZ/USDC PERP
MEXC XTZ_USDT
Bybit XTZUSDT
Gate XTZ_USDT
KuCoin XTZUSDTM
BingX XTZ-USDT
Variational Omni XTZShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin XTZ-USDT | +0.0105% | 4h | 0.3411 | −0.117% | $282K | $96K | 75x | as long as short |
| Kraken Futures PF_XTZUSD | +0.0116% | 1h | 0.3414 | −0.035% | $276K | $264K | 50x | as long as short |
BloFin XTZ-USDT
Kraken Futures PF_XTZUSD