Funding you earn now, next payment 12:00 UTC+0.0737%/8h= +80.7% APRnext payment +$3.68 per $10,000 · paid last 24h −0.008%
Price spread now: BingX against Bybit+0.059%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1401.399% of the position
Funding, last 7 days+0.163%+$16 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now +0.059%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and BingX is 0.047% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.012%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.163% in total (about 8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.68 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 | Bybit XTZUSDT | 0.3376 | −0.0637 | get 0.0318% / 4h | 3h 34m | $2.7M | $2.6M | 75x |
| Short | BingX XTZ-USDT | 0.3378 | 0.0100 | get 0.0050% / 4h | 3h 34m | — | $1.1M | — |
Bybit XTZUSDT
BingX XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- $154.77
- Price spread: +0.059% → +0.012%
- $4.68
- Slippage, 4 orders
- −$118.89
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $19.56
- Costs to cover
- 1.399%
- Break-even
- 6.1 days
Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 10 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 Bybit live order book, 2 min ago | 2.96 bp | 41.7 bp −$42 | 199.6 bp −$1,996 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 1.48 bp | 18.2 bp −$18 | 69.6 bp −$696 | 567.2 bp −$56.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit XTZUSDTlong | −0.0637% | 4h | 0.3376 | long leg | $2.7M | $2.6M | 75x | |
| Variational Omni XTZ | −0.0194% | 4h | 0.3376 | +0.013% | $102K | $297K | — | as long as short |
| Bitget XTZUSDT | −0.0178% | 4h | 0.3378 | +0.059% | $915K | $880K | 75x | as long as short |
| Kraken Futures PF_XTZUSD | −0.0100% | 1h | 0.3380 | +0.121% | $279K | $279K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.199% | $62 | $17K | 5.5x | as long as short |
| BloFin XTZ-USDT | +0.0050% | 4h | 0.3378 | +0.059% | $279K | $94K | 75x | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3375 | −0.026% | $4.7M | $9.4M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3377 | +0.030% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3376 | 0.000% | $619K | $155K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3375 | −0.030% | $2.1M | $738K | 100x | as long as short |
Variational Omni XTZ
Bitget XTZUSDT
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
BloFin XTZ-USDT
Binance XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3377 | +0.030% | $625K | $203K | 30x | as long as short |
| BingX XTZ-USDTshort | +0.0100% | 4h | 0.3378 | +0.059% | — | $1.1M | — |
KuCoin XTZUSDTM