XTZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.07 per $10,000 · paid last 24h −0.033%

Price spread now: BingX against BloFin−0.650%531s7-day average +0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$910.908% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 3 days (all we have)+0.637%+$64 · spread now −0.650%, 7d avg +0.054%

Together, before fees+0.761%+$76 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BingX is 0.704% cheaper against BloFin than usual: you would sell low and buy high (−$70 if the spread goes back to its 7-day average of +0.054%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.124%, so the current rate has only just turned against you. The two prices were read 531 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XTZ-USDT	0.3385	0.0115	pay 0.0057% / 4h	2h 40m	$279K	$117K	75x
Short	BingX XTZ-USDT	0.3363	0.0100	get 0.0050% / 4h	2h 40m	—	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee BingXbpOrdersPrice spread, now −0.650%Rate

Funding earned: −$3.1
Price spread: −0.650% → +0.054%: −$70.37
Slippage, 4 orders: −$68.76
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$164.24
Costs to cover: 0.908%
Break-even: never at this rate

Slippage from BloFin: live order book, 21 min ago; BingX: live order book, 5 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, 21 min ago	2.98 bp	21.9 bp −$22	55.2 bp −$552	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	4.45 bp	27.3 bp −$27	72.6 bp −$726	530.9 bp −$53.1K	1171.5 bp −$585.7K

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
Injective XTZ/USDC PERP	+0.0033%	1h	0.3484	+2.925%	$62	$17K	5.5x	as long as short
Kraken Futures PF_XTZUSD	+0.0075%	1h	0.3375	−0.292%	$269K	$247K	50x	as long as short
Binance XTZUSDT	+0.0100%	4h	0.3362	−0.679%	$4.7M	$10.6M	75x	as long as short
Bybit XTZUSDT	+0.0100%	4h	0.3361	−0.709%	$2.6M	$3.3M	75x	as long as short
OKX XTZ-USDT-SWAP	+0.0100%	8h	0.3365	−0.591%	$1.2M	$1.4M	20x	as long as short
Gate XTZ_USDT	+0.0100%	8h	0.3363	−0.650%	$622K	$173K	75x	as long as short
MEXC XTZ_USDT	+0.0100%	4h	0.3359	−0.768%	$2.0M	$652K	100x	as long as short
KuCoin XTZUSDTM	+0.0100%	4h	0.3362	−0.679%	$638K	$237K	30x	as long as short
Bitget XTZUSDT	+0.0100%	4h	0.3359	−0.768%	$907K	$1.1M	75x	as long as short
BingX XTZ-USDTshort	+0.0100%	4h	0.3363	−0.650%	—	$1.1M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XTZ	+0.0100%	4h	0.3371	−0.399%	$121K	$296K	—	as long as short
BloFin XTZ-USDTlong	+0.0115%	4h	0.3385	long leg	$279K	$117K	75x