Funding you earn now, next payment 06:00 UTC−0.0355%/8h= −38.9% APRpaid last 24h −0.043%
Price spread now: Kraken Futures against Bitget+0.198%7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$93as in the Price arb table
costs, in and out, $10k−$970.972% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)−0.005%$0 · spread now +0.198%, 7d avg +0.154%
=The price spread pays, funding is against you. Kraken Futures is 0.044% dearer against Bitget than usual: you sell high and buy low (spread +0.198% now, against its 7-day average of +0.154%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.079%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.079% in total (about 4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget XTZUSDT | 0.3361 | −0.0222 | get 0.0111% / 4h | 2h 30m | $911K | $853K | 75x |
| Short | Kraken Futures PF_XTZUSD | 0.3368 | −0.0577 | pay 0.0072% / 1h | 30m 18s | $276K | $264K | 50x |
Bitget XTZUSDT
Kraken Futures PF_XTZUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- −$74.51
- Price spread: +0.198% → +0.154%
- $4.36
- Slippage, 4 orders
- −$75.24
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$167.4
- Costs to cover
- 0.972%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 21 min ago; Kraken Futures: live order book, 17 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 Bitget live order book, 21 min ago | 1.47 bp | 18.4 bp −$18 | 52.6 bp −$526 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 17 min ago | 4.41 bp | 32.1 bp −$32 | 72.0 bp −$720 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XTZUSDshort | −0.0577% | 1h | 0.3368 | +0.198% | $276K | $264K | 50x | |
| Bitget XTZUSDTlong | −0.0222% | 4h | 0.3361 | long leg | $911K | $853K | 75x | |
| Bybit XTZUSDT | −0.0146% | 4h | 0.3361 | 0.000% | $2.7M | $2.7M | 75x | as long as short |
| BloFin XTZ-USDT | −0.0049% | 4h | 0.3364 | +0.089% | $275K | $94K | 75x | as long as short |
| Binance XTZUSDT | −0.0035% | 4h | 0.3361 | 0.000% | $4.6M | $9.6M | 75x | as long as short |
| MEXC XTZ_USDT | −0.0034% | 4h | 0.3361 | 0.000% | $2.1M | $687K | 100x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.660% | $62 | $17K | 5.5x | as long as short |
| Variational Omni XTZ | +0.0089% | 4h | 0.3363 | +0.074% | $102K | $298K | — | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3361 | 0.000% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3363 | +0.060% | $621K | $161K | 75x | as long as short |
Bybit XTZUSDT
BloFin XTZ-USDT
Binance XTZUSDT
MEXC XTZ_USDT
Injective XTZ/USDC PERP
Variational Omni XTZ
OKX XTZ-USDT-SWAP
Gate XTZ_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3365 | +0.119% | $623K | $187K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3362 | +0.030% | — | $1.1M | — | as long as short |
KuCoin XTZUSDTM
BingX XTZ-USDT