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

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0140%/8h= +15.4% APRpaid last 24h +0.048%
Price spread now: Variational Omni against Kraken Futures−0.385%7-day average −0.012% · 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)−0.235%−$23 on $10k
Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.385%, 7d avg −0.012%
Together, before fees−0.052%+ Points / potential airdropVariational Omni: Active · farm board−$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.373% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.385% now, against its 7-day average of −0.012%). If the spread goes back, that is −$37 on $10k: about 8.9 days of funding at the current rate (+$4 a day). Mind the row above: over the last 4 days funding on this pair cost −0.235%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_XTZUSD0.3357−0.0354get 0.0044% / 1h12m 27s$276K$276K50x
ShortVariational Omni XTZ0.3344−0.0214pay 0.0107% / 4h12m 27s$101K$298K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$29.45
Price spread: −0.385% → −0.012%
−$37.28
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$17.83
Costs to cover
0.100%
Break-even
11.2 days
Slippage unknown: Kraken Futures: live order book, 25 min ago; Variational Omni: RFQ quote, 27 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 Kraken Futures live order book, 25 min ago5.95 bp24.4 bp −$2487.7 bp −$877doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 27 min ago5.96 bpdoesn't fit47.7 bp −$477doesn't fitdoesn't fit

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_XTZUSDlong−0.0354%1h0.3357long leg$276K$276K50x
Variational Omni XTZshort−0.0214%4h0.3344−0.385%$101K$298K
Bybit XTZUSDT−0.0189%4h0.3352−0.146%$2.7M$2.6M75xas long as short
Bitget XTZUSDT−0.0164%4h0.3350−0.206%$909K$867K75xas long as short
Injective XTZ/USDC PERP+0.0033%1h0.3484+3.786%$62$17K5.5xas long as short
BloFin XTZ-USDT+0.0089%4h0.3347−0.295%$276K$94K75xas long as short
Binance XTZUSDT+0.0100%4h0.3350−0.206%$4.6M$9.5M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.3352−0.146%$1.2M$1.3M20xas long as short
Gate XTZ_USDT+0.0100%8h0.3351−0.176%$615K$166K75xas long as short
MEXC XTZ_USDT+0.0100%4h0.3349−0.236%$2.1M$763K100xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XTZUSDTM+0.0100%4h0.3350−0.206%$628K$196K30xas long as short
BingX XTZ-USDT+0.0100%4h0.3351−0.176%$1.1Mas long as short