Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.034%
Price spread now: Bybit against Gate+0.029%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1961.958% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)+0.334%+$33 · spread now +0.029%, 7d avg −0.014%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.043% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XTZ_USDT | 0.3403 | 0.0100 | pay 0.0100% / 8h | 5h 36m | $630K | $169K | 75x |
| Short | Bybit XTZUSDT | 0.3404 | 0.0100 | get 0.0050% / 4h | 1h 36m | $2.7M | $2.9M | 75x |
Gate XTZ_USDT
Bybit XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $0
- Price spread: +0.029% → −0.014%
- $4.32
- Slippage, 4 orders
- −$169.77
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$191.45
- Costs to cover
- 1.958%
- Break-even
- never at this rate
Slippage from Gate: live order book, 25 min ago; Bybit: live order book, 1 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 Gate live order book, 25 min ago | 2.95 bp | 63.7 bp −$64 | 150.0 bp −$1,500 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.94 bp | 31.5 bp −$31 | 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 | −0.0573% | 1h | 0.3413 | +0.282% | $283K | $245K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +2.380% | $62 | $17K | 5.5x | as long as short |
| BloFin XTZ-USDT | +0.0088% | 4h | 0.3392 | −0.323% | $281K | $102K | 75x | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3406 | +0.088% | $4.7M | $9.8M | 75x | as long as short |
| Bybit XTZUSDTshort | +0.0100% | 4h | 0.3404 | +0.029% | $2.7M | $2.9M | 75x | |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3408 | +0.147% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDTlong | +0.0100% | 8h | 0.3403 | long leg | $630K | $169K | 75x | |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3407 | +0.118% | $2.1M | $641K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3401 | −0.059% | $635K | $189K | 30x | as long as short |
| Bitget XTZUSDT | +0.0100% | 4h | 0.3405 | +0.059% | $919K | $949K | 75x | as long as short |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
BloFin XTZ-USDT
Binance XTZUSDT
OKX XTZ-USDT-SWAP
MEXC XTZ_USDT
KuCoin XTZUSDTM
Bitget XTZUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XTZ-USDT | +0.0100% | 4h | 0.3402 | −0.029% | — | $1.1M | — | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3399 | −0.108% | $86K | $331K | — | as long as short |
BingX XTZ-USDT
Variational Omni XTZ