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

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0254%/8h= −27.8% APRnext payment $1.27 per $10,000 · paid last 24h +0.013%
Price spread now: Variational Omni against BingX+0.055%7-day average +0.119% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.166%−$17 on $10k
Price spread, last 4 days (all we have)−0.911%−$91 · spread now +0.055%, 7d avg +0.119%
Together, before fees−1.076%+ Points / potential airdropVariational Omni: Active · farm board−$108 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Variational Omni is 0.064% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.119%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XTZ-USDT0.33630.0100pay 0.0050% / 4h40m 03s$1.1M
ShortVariational Omni XTZ0.3365−0.0154pay 0.0077% / 4h40m 03s$102K$298K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
−$53.25
Price spread: +0.055% → +0.119%
−$6.41
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$69.66
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 4 min ago; Variational Omni: RFQ quote, 64 min ago. Net counts fees only.

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, 4 min ago4.46 bp22.4 bp −$2272.6 bp −$726822.3 bp −$82.2K1232.0 bp −$616.0K
Sell Variational Omni RFQ quote, 64 min ago8.94 bpdoesn't fit116.2 bp −$1,162doesn'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
Kraken Futures PF_XTZUSD−0.0354%1h0.3365+0.045%$279K$274K50xas long as short
Bitget XTZUSDT−0.0178%4h0.3357−0.178%$913K$864K75xas long as short
Bybit XTZUSDT−0.0162%4h0.3359−0.119%$2.7M$2.6M75xas long as short
Variational Omni XTZshort−0.0154%4h0.3365+0.055%$102K$298K
Injective XTZ/USDC PERP+0.0033%1h0.3484+3.598%$62$17K5.5xas long as short
MEXC XTZ_USDT+0.0092%4h0.3356−0.208%$2.1M$704K100xas long as short
Binance XTZUSDT+0.0097%4h0.3356−0.208%$4.6M$9.5M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.3357−0.178%$1.2M$1.3M20xas long as short
Gate XTZ_USDT+0.0100%8h0.3361−0.059%$617K$164K75xas long as short
KuCoin XTZUSDTM+0.0100%4h0.33630.000%$619K$192K30xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XTZ-USDTlong+0.0100%4h0.3363long leg$1.1M
BloFin XTZ-USDT+0.0142%4h0.3360−0.089%$275K$95K75xas long as short