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% APRpaid last 24h +0.057%
Price spread now: OKX against BingX+0.059%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1041.038% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.116%−$12 on $10k
Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.059%, 7d avg −0.021%
Together, before fees−0.151%−$15 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: OKX is 0.080% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XTZ-USDT0.33730.0100pay 0.0050% / 4h2h 42m$1.1M
ShortOKX XTZ-USDT-SWAP0.33750.0100get 0.0100% / 8h6h 42m$1.2M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.059% → −0.021%
$7.99
Slippage, 4 orders
−$83.79
Fee BingX: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$95.8
Costs to cover
1.038%
Break-even
never at this rate
Slippage from BingX: live order book, 2 min ago; OKX: live order book, 4 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, 2 min ago4.45 bp21.1 bp −$2170.6 bp −$706doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago2.96 bp30.9 bp −$31246.3 bp −$2,463doesn't fitdoesn't fit

XTZ on 12 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+3.291%$62$17K5.5xas long as short
Kraken Futures PF_XTZUSD+0.0075%1h0.3382+0.260%$269K$247K50xas long as short
Binance XTZUSDT+0.0100%4h0.3373−0.012%$4.7M$10.6M75xas long as short
Bybit XTZUSDT+0.0100%4h0.33730.000%$2.7M$3.3M75xas long as short
OKX XTZ-USDT-SWAPshort+0.0100%8h0.3375+0.059%$1.2M$1.4M20x
Gate XTZ_USDT+0.0100%8h0.3379+0.178%$625K$173K75xas long as short
MEXC XTZ_USDT+0.0100%4h0.3374+0.030%$2.0M$645K100xas long as short
KuCoin XTZUSDTM+0.0100%4h0.3379+0.178%$641K$237K30xas long as short
Bitget XTZUSDT+0.0100%4h0.3372−0.030%$911K$1.1M75xas long as short
BingX XTZ-USDTlong+0.0100%4h0.3373long leg$1.1M
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XTZ+0.0100%4h0.3377+0.133%$121K$296Kas long as short
BloFin XTZ-USDT+0.0115%4h0.3385+0.356%$279K$117K75xas long as short