Funding you earn now, next payment 00:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against BloFin+0.029%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$710.709% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 3 days (all we have)−0.137%−$14 · spread now +0.029%, 7d avg +0.002%
=The price spread pays, funding is against you. Binance is 0.027% dearer against BloFin than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of +0.002%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.003% in total) that is about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin XTZ-USDT | 0.3439 | 0.0141 | pay 0.0070% / 4h | 1h 58m | $284K | $88K | 75x |
| Short | Binance XTZUSDT | 0.3440 | 0.0100 | get 0.0050% / 4h | 1h 58m | $4.8M | $10.1M | 75x |
BloFin XTZ-USDT
Binance XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$8.56
- Price spread: +0.029% → +0.002%
- $2.72
- Slippage, 4 orders
- −$48.86
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$76.7
- Costs to cover
- 0.709%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 18 min ago; Binance: live order book, 11 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 BloFin live order book, 18 min ago | 1.45 bp | 15.4 bp −$15 | 44.8 bp −$448 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 1.45 bp | 20.0 bp −$20 | 60.5 bp −$605 | 512.0 bp −$51.2K | 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 | −0.0588% | 1h | 0.3447 | +0.234% | $280K | $217K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.309% | $62 | $17K | 5.5x | as long as short |
| BingX XTZ-USDT | +0.0036% | 4h | 0.3442 | +0.087% | — | $1.1M | — | as long as short |
| Binance XTZUSDTshort | +0.0100% | 4h | 0.3440 | +0.029% | $4.8M | $10.1M | 75x | |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3439 | 0.000% | $2.8M | $3.3M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3438 | −0.029% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3440 | +0.029% | $641K | $211K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3440 | +0.029% | $2.2M | $604K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3439 | 0.000% | $679K | $317K | 30x | as long as short |
| Bitget XTZUSDT | +0.0100% | 4h | 0.3443 | +0.116% | $950K | $1.2M | 75x | as long as short |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
BingX XTZ-USDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTM
Bitget XTZUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3444 | +0.156% | $123K | $296K | — | as long as short |
| BloFin XTZ-USDTlong | +0.0141% | 4h | 0.3439 | long leg | $284K | $88K | 75x |
Variational Omni XTZ