Funding you earn now, next payment 08:00 UTC+0.0282%/8h= +30.9% APRnext payment +$1.41 per $10,000 · paid last 24h +0.034%
Price spread now: KuCoin against Bitget+0.030%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1701.697% of the position
Funding, last 7 days+0.328%+$33 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.030%, 7d avg +0.005%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and KuCoin is 0.025% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget XTZUSDT | 0.3343 | −0.0182 | get 0.0091% / 4h | 17m 13s | $910K | $865K | 75x |
| Short | KuCoin XTZUSDTM | 0.3344 | 0.0100 | get 0.0050% / 4h | 17m 13s | $628K | $196K | 30x |
Bitget XTZUSDT
KuCoin XTZUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $59.22
- Price spread: +0.030% → +0.005%
- $2.47
- Slippage, 4 orders
- −$145.67
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$107.98
- Costs to cover
- 1.697%
- Break-even
- 19.8 days
Slippage from Bitget: live order book, 24 min ago; KuCoin: live order book, 27 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, 24 min ago | 2.97 bp | 17.1 bp −$17 | 55.9 bp −$559 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 27 min ago | 4.46 bp | 75.5 bp −$75 | 585.4 bp −$5,854 | 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_XTZUSD | −0.0355% | 1h | 0.3352 | +0.282% | $276K | $276K | 50x | as long as short |
| Bybit XTZUSDT | −0.0237% | 4h | 0.3347 | +0.120% | $2.7M | $2.6M | 75x | as long as short |
| Variational Omni XTZ | −0.0237% | 4h | 0.3351 | +0.237% | $101K | $298K | — | as long as short |
| Bitget XTZUSDTlong | −0.0182% | 4h | 0.3343 | long leg | $910K | $865K | 75x | |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +4.218% | $62 | $17K | 5.5x | as long as short |
| MEXC XTZ_USDT | +0.0090% | 4h | 0.3343 | 0.000% | $2.1M | $763K | 100x | as long as short |
| Binance XTZUSDT | +0.0096% | 4h | 0.3346 | +0.090% | $4.6M | $9.5M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3344 | +0.030% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3342 | −0.030% | $612K | $166K | 75x | as long as short |
| KuCoin XTZUSDTMshort | +0.0100% | 4h | 0.3344 | +0.030% | $628K | $196K | 30x |
Kraken Futures PF_XTZUSD
Bybit XTZUSDT
Variational Omni XTZ
Injective XTZ/USDC PERP
MEXC XTZ_USDT
Binance XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XTZ-USDT | +0.0100% | 4h | 0.3344 | +0.030% | — | $1.1M | — | as long as short |
| BloFin XTZ-USDT | +0.0153% | 4h | 0.3340 | −0.090% | $276K | $94K | 75x | as long as short |
BingX XTZ-USDT
BloFin XTZ-USDT