Funding you earn now, next payment 07:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h −0.062%
Price spread now: Kraken Futures against Bybit+0.131%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1251.246% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.131%, 7d avg +0.134%
=The price spread sits at its 7-day average of +0.134%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.4% a year). A funding rate is set anew for every payment. 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 | 0.3375 | −0.0142 | get 0.0071% / 4h | 1h 20m | $2.7M | $2.7M | 75x |
| Short | Kraken Futures PF_XTZUSD | 0.3379 | −0.0343 | pay 0.0043% / 1h | 20m 40s | $281K | $268K | 50x |
Bybit XTZUSDT
Kraken Futures PF_XTZUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$42.18
- Price spread: +0.131% → +0.134%
- −$0.3
- Slippage, 4 orders
- −$103.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$167.06
- Costs to cover
- 1.246%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Kraken Futures: live order book, 22 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, 1 min ago | 4.45 bp | 28.0 bp −$28 | 55.7 bp −$557 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 22 min ago | 8.94 bp | 25.9 bp −$26 | 74.0 bp −$740 | 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_XTZUSDshort | −0.0343% | 1h | 0.3379 | +0.131% | $281K | $268K | 50x | |
| Bitget XTZUSDT | −0.0228% | 4h | 0.3374 | −0.030% | $915K | $860K | 75x | as long as short |
| Bybit XTZUSDTlong | −0.0142% | 4h | 0.3375 | long leg | $2.7M | $2.7M | 75x | |
| Variational Omni XTZ | −0.0069% | 4h | 0.3373 | −0.062% | $102K | $298K | — | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.230% | $62 | $17K | 5.5x | as long as short |
| BloFin XTZ-USDT | +0.0045% | 4h | 0.3372 | −0.089% | $275K | $95K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0048% | 4h | 0.3375 | 0.000% | $2.1M | $723K | 100x | as long as short |
| Binance XTZUSDT | +0.0049% | 4h | 0.3375 | +0.012% | $4.6M | $9.6M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3374 | −0.030% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3375 | 0.000% | $619K | $166K | 75x | as long as short |
Bitget XTZUSDT
Variational Omni XTZ
Injective XTZ/USDC PERP
BloFin XTZ-USDT
MEXC XTZ_USDT
Binance XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3376 | +0.030% | $625K | $190K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3378 | +0.089% | — | $1.1M | — | as long as short |
KuCoin XTZUSDTM
BingX XTZ-USDT