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

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.035%
Price spread now: Gate against BingX0.000%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1421.416% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.071%−$7 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now 0.000%, 7d avg +0.020%
Together, before fees−0.096%−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.020% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XTZ-USDT0.33720.0100pay 0.0050% / 4h1h 30m$1.1M
ShortGate XTZ_USDT0.33720.0100get 0.0100% / 8h5h 30m$613K$122K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: 0.000% → +0.020%
−$2.04
Slippage, 4 orders
−$116.6
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$143.65
Costs to cover
1.416%
Break-even
never at this rate
Slippage from BingX: live order book, 7 min ago; Gate: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 7 min ago4.44 bp25.4 bp −$2577.8 bp −$778792.1 bp −$79.2Kdoesn't fit
Sell Gate live order book, 14 min ago7.38 bp64.7 bp −$65174.5 bp −$1,745doesn't fitdoesn't fit

XTZ on 12 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XTZUSDT−0.0382%4h0.3373+0.030%$2.7M$2.3M75xas long as short
Bitget XTZUSDT−0.0082%4h0.3370−0.059%$911K$756K75xas long as short
Variational Omni XTZ−0.0051%4h0.3373+0.036%$102K$272Kas long as short
Injective XTZ/USDC PERP+0.0033%1h0.3484+3.321%$62$17K5.5xas long as short
BloFin XTZ-USDT+0.0073%4h0.3371−0.030%$284K$95K75xas long as short
Binance XTZUSDT+0.0100%4h0.3371−0.025%$4.7M$8.4M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.3373+0.030%$1.2M$1.1M20xas long as short
Gate XTZ_USDTshort+0.0100%8h0.33720.000%$613K$122K75x
MEXC XTZ_USDT+0.0100%4h0.33720.000%$2.0M$739K100xas long as short
KuCoin XTZUSDTM+0.0100%4h0.33720.000%$608K$179K30xas long as short
Show all 12 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XTZ-USDTlong+0.0100%4h0.3372long leg$1.1M
Kraken Futures PF_XTZUSD+0.0138%1h0.3376+0.114%$273K$257K50xas long as short