Funding you earn now, next payment 10:00 UTC−0.0143%/8h= −15.7% APRpaid last 24h −0.079%
Price spread now: Kraken Futures against KuCoin+0.099%7-day average +0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1841.842% of the position
Funding, last 7 days−0.268%−$27 on $10k
+Price spread, last 4 days (all we have)+0.231%+$23 · spread now +0.099%, 7d avg +0.145%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.046% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.145%). 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 | 2h 16m | $623K | $186K | 30x |
| Short | Kraken Futures PF_XTZUSD | 0.3381 | −0.0043 | pay 0.0005% / 1h | 16m 42s | $279K | $275K | 50x |
KuCoin XTZUSDTM
Kraken Futures PF_XTZUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$30.05
- Price spread: +0.099% → +0.145%
- −$4.64
- Slippage, 4 orders
- −$162.24
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$218.93
- Costs to cover
- 1.842%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 29 min ago; Kraken Futures: live order book, 34 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, 29 min ago | 4.46 bp | 49.4 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 34 min ago | 7.39 bp | 27.1 bp −$27 | 117.6 bp −$1,176 | doesn't fit | doesn't fit |
XTZ on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit XTZUSDT | −0.0137% | 4h | 0.3381 | +0.089% | $2.7M | $2.5M | 75x | as long as short |
| Bitget XTZUSDT | −0.0084% | 4h | 0.3380 | +0.059% | $923K | $823K | 75x | as long as short |
| Kraken Futures PF_XTZUSDshort | −0.0043% | 1h | 0.3381 | +0.099% | $279K | $275K | 50x | |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.138% | $62 | $17K | 5.5x | as long as short |
| BloFin XTZ-USDT | +0.0076% | 4h | 0.3378 | 0.000% | $281K | $94K | 75x | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3377 | −0.035% | $102K | $297K | — | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3381 | +0.089% | $4.7M | $8.9M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3381 | +0.089% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3379 | +0.030% | $620K | $146K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3380 | +0.059% | $2.1M | $768K | 100x | as long as short |
Bybit XTZUSDT
Bitget XTZUSDT
Injective XTZ/USDC PERP
BloFin XTZ-USDT
Variational Omni XTZ
Binance XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XTZUSDTMlong | +0.0100% | 4h | 0.3378 | long leg | $623K | $186K | 30x | |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3383 | +0.148% | — | $1.1M | — | as long as short |
BingX XTZ-USDT