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

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.008%
Price spread now: MEXC against Injective−3.014%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. MEXC is 3.014% cheaper against Injective than usual: you would sell low and buy high (spread −3.014% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$301 on $10k: about 5 months of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective XTZ/USDC PERP0.34840.0033pay 0.0004% / 1h27m 03s$62$17K5.5x
ShortMEXC XTZ_USDT0.33790.0100get 0.0050% / 4h3h 27m$2.0M$641K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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
$14
Price spread: −3.014% → 0.000%
−$301.38
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$291.4
Costs to cover
0.040%
Break-even
152.7 days
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell MEXC live order book, 5 min ago2.95 bp6.0 bp −$637.0 bp −$370129.6 bp −$13.0Kdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0177%1h0.3385−2.848%$269K$242K50xas long as short
Injective XTZ/USDC PERPlong+0.0033%1h0.3484long leg$62$17K5.5x
Binance XTZUSDT+0.0100%4h0.3378−3.030%$4.8M$10.5M75xas long as short
Bybit XTZUSDT+0.0100%4h0.3379−3.014%$2.7M$3.4M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.3380−2.985%$1.2M$1.4M20xas long as short
Gate XTZ_USDT+0.0100%8h0.3381−2.956%$626K$200K75xas long as short
MEXC XTZ_USDTshort+0.0100%4h0.3379−3.014%$2.0M$641K100x
KuCoin XTZUSDTM+0.0100%4h0.3381−2.956%$641K$243K30xas long as short
Bitget XTZUSDT+0.0100%4h0.3378−3.042%$908K$1.1M75xas long as short
BingX XTZ-USDT+0.0100%4h0.3379−3.014%$1.1Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XTZ+0.0100%4h0.3381−2.957%$121K$296Kas long as short
BloFin XTZ-USDT+0.0132%4h0.3378−3.042%$280K$97K75xas long as short