Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.024%
Price spread now: BloFin against KuCoin−0.234%80s7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1611.613% of the position
Funding, last 7 days−0.267%−$27 on $10k
+Price spread, last 4 days (all we have)+0.352%+$35 · spread now −0.234%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.192% cheaper against KuCoin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.043%). Swap the legs. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XTZUSDTM | 0.3416 | 0.0100 | pay 0.0050% / 4h | 3h 05m | $628K | $187K | 30x |
| Short | BloFin XTZ-USDT | 0.3408 | 0.0060 | get 0.0030% / 4h | 3h 05m | $279K | $96K | 75x |
KuCoin XTZUSDTM
BloFin XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$8.36
- Price spread: −0.234% → −0.043%
- −$19.16
- Slippage, 4 orders
- −$137.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$188.86
- Costs to cover
- 1.613%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 68 min ago; BloFin: live order book, 23 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, 68 min ago | 2.91 bp | 51.7 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 23 min ago | 1.47 bp | 14.7 bp −$15 | 46.0 bp −$460 | 251.4 bp −$25.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget XTZUSDT | −0.0124% | 4h | 0.3416 | 0.000% | $921K | $894K | 75x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.991% | $62 | $17K | 5.5x | as long as short |
| MEXC XTZ_USDT | +0.0042% | 4h | 0.3415 | −0.029% | $2.1M | $680K | 100x | as long as short |
| Binance XTZUSDT | +0.0045% | 4h | 0.3416 | −0.011% | $4.7M | $9.7M | 75x | as long as short |
| BloFin XTZ-USDTshort | +0.0060% | 4h | 0.3408 | −0.234% | $279K | $96K | 75x | |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3417 | +0.029% | $2.7M | $2.7M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3415 | −0.029% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3415 | −0.029% | $632K | $165K | 75x | as long as short |
| KuCoin XTZUSDTMlong | +0.0100% | 4h | 0.3416 | long leg | $628K | $187K | 30x | |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3417 | +0.029% | — | $1.1M | — | as long as short |
Bitget XTZUSDT
Injective XTZ/USDC PERP
MEXC XTZ_USDT
Binance XTZUSDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
BingX XTZ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3415 | −0.017% | $86K | $282K | — | as long as short |
| Kraken Futures PF_XTZUSD | +0.0116% | 1h | 0.3420 | +0.107% | $277K | $266K | 50x | as long as short |
Variational Omni XTZ
Kraken Futures PF_XTZUSD