Settings8H · net · $10k
Funding arb · Price arb /

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.025%
Price spread now: Gate against BloFin+0.029%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1521.524% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 3 days (all we have)−0.065%−$6 · spread now +0.029%, 7d avg +0.071%
Together, before fees−0.004%$0 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.042% cheaper against BloFin than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.071%). If the spread goes back, that is −$4 on $10k: about 2.9 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin XTZ-USDT0.34440.0051pay 0.0025% / 4h2h 05m$283K$82K75x
ShortGate XTZ_USDT0.34450.0100get 0.0100% / 8h2h 05m$642K$216K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$10.35
Price spread: +0.029% → +0.071%
−$4.22
Slippage, 4 orders
−$125.37
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$146.25
Costs to cover
1.524%
Break-even
105.9 days
Slippage from BloFin: live order book, 11 min ago; Gate: live order book, 16 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 11 min ago1.45 bp15.4 bp −$1544.8 bp −$448doesn't fitdoesn't fit
Sell Gate live order book, 16 min ago8.70 bp54.3 bp −$54128.0 bp −$1,280doesn't fitdoesn't fit

XTZ on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XTZUSD−0.0338%1h0.3451+0.202%$280K$219K50xas long as short
Injective XTZ/USDC PERP+0.0033%1h0.3484+1.161%$62$17K5.5xas long as short
BingX XTZ-USDT+0.0036%4h0.3448+0.116%$1.1Mas long as short
BloFin XTZ-USDTlong+0.0051%4h0.3444long leg$283K$82K75x
Binance XTZUSDT+0.0100%4h0.3446+0.056%$4.8M$10.1M75xas long as short
Bybit XTZUSDT+0.0100%4h0.3445+0.029%$2.9M$3.3M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.3445+0.029%$1.2M$1.4M20xas long as short
Gate XTZ_USDTshort+0.0100%8h0.3445+0.029%$642K$216K75x
MEXC XTZ_USDT+0.0100%4h0.3447+0.087%$2.1M$631K100xas long as short
KuCoin XTZUSDTM+0.0100%4h0.3449+0.145%$687K$315K30xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XTZUSDT+0.0100%4h0.3451+0.203%$952K$1.2M75xas long as short
Variational Omni XTZ+0.0100%4h0.3447+0.083%$123K$296Kas long as short