Funding you earn now, next payment 04:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.049%
Price spread now: Bitget against Kraken Futures−0.245%7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1161.157% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.245%, 7d avg −0.157%
=Funding pays, the price is against you. Bitget is 0.088% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.245% now, against its 7-day average of −0.157%). If the spread goes back, that is −$9 on $10k: about 35 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.1% 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 | Kraken Futures PF_XTZUSD | 0.3427 | −0.0159 | get 0.0020% / 1h | 18m 42s | $283K | $251K | 50x |
| Short | Bitget XTZUSDT | 0.3419 | 0.0042 | get 0.0021% / 4h | 18m 42s | $923K | $938K | 75x |
Kraken Futures PF_XTZUSD
Bitget XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kraken Futures. 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
- $42.23
- Price spread: −0.245% → −0.157%
- −$8.8
- Slippage, 4 orders
- −$93.68
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$82.25
- Costs to cover
- 1.157%
- Break-even
- 20.6 days
Slippage from Kraken Futures: live order book, 39 min ago; Bitget: live order book, 42 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 Kraken Futures live order book, 39 min ago | 14.66 bp | 41.7 bp −$42 | 120.6 bp −$1,206 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 42 min ago | 4.41 bp | 21.6 bp −$22 | 68.8 bp −$688 | 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_XTZUSDlong | −0.0159% | 1h | 0.3427 | long leg | $283K | $251K | 50x | |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.651% | $62 | $17K | 5.5x | as long as short |
| Bitget XTZUSDTshort | +0.0042% | 4h | 0.3419 | −0.245% | $923K | $938K | 75x | |
| BloFin XTZ-USDT | +0.0060% | 4h | 0.3423 | −0.129% | $283K | $97K | 75x | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3420 | −0.216% | $4.7M | $9.7M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3423 | −0.129% | $2.7M | $2.8M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3422 | −0.158% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3422 | −0.158% | $634K | $168K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3421 | −0.187% | $2.1M | $670K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3422 | −0.158% | $627K | $191K | 30x | as long as short |
Injective XTZ/USDC PERP
BloFin XTZ-USDT
Binance XTZUSDT
Bybit 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 | 0.3422 | −0.158% | — | $1.1M | — | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3414 | −0.380% | $86K | $331K | — | as long as short |
BingX XTZ-USDT
Variational Omni XTZ