Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −6.0% APRnext payment −$0.27 per $10,000 · paid last 24h +0.010%
Price spread now: BloFin against Bybit−0.204%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1121.118% of the position
Funding, last 7 days+0.025%+$2 on $10k
+Price spread, last 4 days (all we have)+0.452%+$45 · spread now −0.204%, 7d avg −0.054%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.150% cheaper against Bybit than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.054%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XTZUSDT | 0.3428 | 0.0100 | pay 0.0050% / 4h | 14m 43s | $2.7M | $2.8M | 75x |
| Short | BloFin XTZ-USDT | 0.3421 | 0.0046 | get 0.0023% / 4h | 14m 43s | $280K | $97K | 75x |
Bybit XTZUSDT
BloFin XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$11.41
- Price spread: −0.204% → −0.054%
- −$14.98
- Slippage, 4 orders
- −$88.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$138.16
- Costs to cover
- 1.118%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; BloFin: 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 Bybit live order book, 3 min ago | 2.91 bp | 39.3 bp −$39 | 61.5 bp −$615 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 20 min ago | 4.41 bp | 23.0 bp −$23 | 57.1 bp −$571 | 247.1 bp −$24.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XTZUSD | −0.0159% | 1h | 0.3433 | +0.149% | $283K | $251K | 50x | as long as short |
| Bitget XTZUSDT | +0.0024% | 4h | 0.3430 | +0.058% | $926K | $938K | 75x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.634% | $62 | $17K | 5.5x | as long as short |
| BloFin XTZ-USDTshort | +0.0046% | 4h | 0.3421 | −0.204% | $280K | $97K | 75x | |
| Binance XTZUSDT | +0.0100% | 4h | 0.3426 | −0.048% | $4.7M | $9.7M | 75x | as long as short |
| Bybit XTZUSDTlong | +0.0100% | 4h | 0.3428 | long leg | $2.7M | $2.8M | 75x | |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3428 | 0.000% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3430 | +0.058% | $636K | $168K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3426 | −0.058% | $2.1M | $670K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3431 | +0.088% | $630K | $192K | 30x | as long as short |
Kraken Futures PF_XTZUSD
Bitget XTZUSDT
Injective XTZ/USDC PERP
Binance XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC 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 | 0.3430 | +0.058% | — | $1.1M | — | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3428 | +0.012% | $86K | $331K | — | as long as short |
BingX XTZ-USDT
Variational Omni XTZ