Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.24 per $10,000 · paid last 24h −0.028%
Price spread now: Binance against KuCoin−0.118%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1721.722% of the position
Funding, last 7 days−0.267%−$27 on $10k
+Price spread, last 4 days (all we have)+0.120%+$12 · spread now −0.118%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.083% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XTZUSDTM | 0.3378 | 0.0100 | pay 0.0050% / 4h | 1h 22m | $622K | $190K | 30x |
| Short | Binance XTZUSDT | 0.3374 | 0.0052 | get 0.0026% / 4h | 1h 22m | $4.6M | $9.6M | 75x |
KuCoin XTZUSDTM
Binance XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$10.11
- Price spread: −0.118% → −0.035%
- −$8.32
- Slippage, 4 orders
- −$150.17
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$190.6
- Costs to cover
- 1.722%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 31 min ago; Binance: live order book, 2 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 KuCoin live order book, 31 min ago | 4.46 bp | 64.9 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.48 bp | 23.2 bp −$23 | 70.5 bp −$705 | 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 | −0.0343% | 1h | 0.3378 | 0.000% | $281K | $268K | 50x | as long as short |
| Bitget XTZUSDT | −0.0222% | 4h | 0.3374 | −0.118% | $915K | $860K | 75x | as long as short |
| Bybit XTZUSDT | −0.0134% | 4h | 0.3373 | −0.148% | $2.7M | $2.7M | 75x | as long as short |
| Variational Omni XTZ | −0.0034% | 4h | 0.3372 | −0.180% | $102K | $298K | — | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.138% | $62 | $17K | 5.5x | as long as short |
| Binance XTZUSDTshort | +0.0052% | 4h | 0.3374 | −0.118% | $4.6M | $9.6M | 75x | |
| MEXC XTZ_USDT | +0.0052% | 4h | 0.3374 | −0.118% | $2.1M | $723K | 100x | as long as short |
| BloFin XTZ-USDT | +0.0069% | 4h | 0.3376 | −0.059% | $275K | $95K | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3375 | −0.089% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3377 | −0.030% | $620K | $166K | 75x | as long as short |
Kraken Futures PF_XTZUSD
Bitget XTZUSDT
Bybit XTZUSDT
Variational Omni XTZ
Injective XTZ/USDC PERP
MEXC XTZ_USDT
BloFin XTZ-USDT
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 XTZUSDTMlong | +0.0100% | 4h | 0.3378 | long leg | $622K | $190K | 30x | |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3376 | −0.059% | — | $1.1M | — | as long as short |
BingX XTZ-USDT