Funding you earn now, next payment 08:00 UTC−0.0325%/8h= −35.6% APRnext payment −$1.63 per $10,000 · paid last 24h −0.010%
Price spread now: Bitget against BloFin+0.269%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$790.789% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)−0.235%−$24 · spread now +0.269%, 7d avg +0.035%
=The price spread pays, funding is against you. Bitget is 0.235% dearer against BloFin than usual: you sell high and buy low (spread +0.269% now, against its 7-day average of +0.035%): +$23 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.061% in total) that is about 27 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.061% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.63 per $10,000. 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 | BloFin XTZ-USDT | 0.3341 | 0.0135 | pay 0.0068% / 4h | 21m 11s | $276K | $94K | 75x |
| Short | Bitget XTZUSDT | 0.3350 | −0.0190 | pay 0.0095% / 4h | 21m 11s | $908K | $864K | 75x |
BloFin XTZ-USDT
Bitget XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$68.26
- Price spread: +0.269% → +0.035%
- $23.47
- Slippage, 4 orders
- −$54.91
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$123.7
- Costs to cover
- 0.789%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 58 min ago; Bitget: live order book, 20 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, 58 min ago | 4.46 bp | 20.8 bp −$21 | 60.2 bp −$602 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 20 min ago | 2.97 bp | 23.6 bp −$24 | 54.3 bp −$543 | 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 | 0.3355 | +0.427% | $278K | $274K | 50x | as long as short |
| Bybit XTZUSDT | −0.0248% | 4h | 0.3352 | +0.329% | $2.7M | $2.6M | 75x | as long as short |
| Variational Omni XTZ | −0.0201% | 4h | 0.3344 | +0.101% | $101K | $298K | — | as long as short |
| Bitget XTZUSDTshort | −0.0190% | 4h | 0.3350 | +0.269% | $908K | $864K | 75x | |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +4.280% | $62 | $17K | 5.5x | as long as short |
| MEXC XTZ_USDT | +0.0088% | 4h | 0.3350 | +0.269% | $2.1M | $737K | 100x | as long as short |
| Binance XTZUSDT | +0.0089% | 4h | 0.3350 | +0.269% | $4.6M | $9.5M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3351 | +0.299% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3351 | +0.299% | $615K | $164K | 75x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3352 | +0.329% | $634K | $196K | 30x | as long as short |
Kraken Futures PF_XTZUSD
Bybit XTZUSDT
Variational Omni XTZ
Injective XTZ/USDC PERP
MEXC XTZ_USDT
Binance XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
KuCoin XTZUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XTZ-USDT | +0.0100% | 4h | 0.3350 | +0.269% | — | $1.1M | — | as long as short |
| BloFin XTZ-USDTlong | +0.0135% | 4h | 0.3341 | long leg | $276K | $94K | 75x |
BingX XTZ-USDT