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

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.057%
Price spread now: KuCoin against BingX+0.089%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1891.886% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.142%+$14 on $10k
Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.089%, 7d avg −0.014%
Together, before fees+0.083%+$8 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: KuCoin is 0.102% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XTZ-USDT0.33770.0100pay 0.0050% / 4h2h 19m$1.1M
ShortKuCoin XTZUSDTM0.33800.0100get 0.0050% / 4h2h 19m$635K$222K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.089% → −0.014%
$10.25
Slippage, 4 orders
−$166.61
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$178.36
Costs to cover
1.886%
Break-even
never at this rate
Slippage from BingX: live order book, 6 min ago; KuCoin: live order book, 19 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, 6 min ago4.45 bp23.5 bp −$2483.5 bp −$835860.0 bp −$86.0K1310.2 bp −$655.1K
Sell KuCoin live order book, 19 min ago5.94 bp73.3 bp −$73566.8 bp −$5,668doesn't fitdoesn't fit

XTZ on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XTZ/USDC PERP+0.0033%1h0.3484+3.168%$62$17K5.5xas long as short
Kraken Futures PF_XTZUSD+0.0075%1h0.3381+0.128%$270K$249K50xas long as short
Binance XTZUSDT+0.0100%4h0.3377+0.014%$4.7M$10.5M75xas long as short
Bybit XTZUSDT+0.0100%4h0.3378+0.030%$2.7M$3.3M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.3380+0.089%$1.2M$1.4M20xas long as short
Gate XTZ_USDT+0.0100%8h0.3379+0.059%$625K$174K75xas long as short
MEXC XTZ_USDT+0.0100%4h0.3376−0.030%$2.1M$676K100xas long as short
KuCoin XTZUSDTMshort+0.0100%4h0.3380+0.089%$635K$222K30x
Bitget XTZUSDT+0.0100%4h0.3376−0.030%$918K$1.1M75xas long as short
BingX XTZ-USDTlong+0.0100%4h0.3377long leg$1.1M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XTZ+0.0100%4h0.3369−0.226%$85K$331Kas long as short