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

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against MEXC−0.029%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$390.393% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.056%−$6 on $10k
Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.029%, 7d avg +0.036%
Together, before fees+0.045%+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.066% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC XTZ_USDT0.33920.0100pay 0.0050% / 4h1h 58m$2.1M$634K100x
ShortBitget XTZUSDT0.33910.0100get 0.0050% / 4h1h 58m$917K$962K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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
$0
Price spread: −0.029% → +0.036%
−$6.57
Slippage, 4 orders
−$23.26
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$45.83
Costs to cover
0.393%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; Bitget: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago1.47 bp4.6 bp −$530.0 bp −$300129.7 bp −$13.0Kdoesn't fit
Sell Bitget live order book, 8 min ago2.95 bp14.8 bp −$1557.0 bp −$570doesn't fitdoesn't fit

XTZ on 11 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_XTZUSD−0.0575%1h0.3398+0.183%$272K$235K50xas long as short
Injective XTZ/USDC PERP+0.0033%1h0.3484+2.712%$62$17K5.5xas long as short
Binance XTZUSDT+0.0100%4h0.3389−0.094%$4.7M$9.8M75xas long as short
Bybit XTZUSDT+0.0100%4h0.3391−0.029%$2.7M$2.9M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.3388−0.118%$1.2M$1.3M20xas long as short
Gate XTZ_USDT+0.0100%8h0.3393+0.029%$627K$167K75xas long as short
MEXC XTZ_USDTlong+0.0100%4h0.3392long leg$2.1M$634K100x
KuCoin XTZUSDTM+0.0100%4h0.3394+0.059%$637K$188K30xas long as short
Bitget XTZUSDTshort+0.0100%4h0.3391−0.029%$917K$962K75x
BingX XTZ-USDT+0.0100%4h0.3376−0.472%$1.1Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XTZ+0.0100%4h0.3389−0.091%$85K$331Kas long as short