XTZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0243%/8h= −26.6% APRnext payment −$1.22 per $10,000 · paid last 24h +0.003%

Price spread now: Bybit against Variational Omni+0.284%7-day average −0.114% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.057%+$6 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.284%, 7d avg −0.114%

Together, before fees−0.054%+ Points / potential airdropVariational Omni: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.398% dearer against Variational Omni than usual: you sell high and buy low (spread +0.284% now, against its 7-day average of −0.114%): +$40 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 5.5 days. Mind the row above: over the last 4 days funding on this pair paid +0.057%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.057% in total (about 5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.22 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XTZ	0.3370	−0.0159	get 0.0080% / 4h	3h 49m	$102K	$297K	—
Short	Bybit XTZUSDT	0.3380	−0.0402	pay 0.0201% / 4h	3h 49m	$2.7M	$2.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

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

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee BybitbpOrdersPrice spread, now +0.284%Rate

Funding earned: −$51.07
Price spread: +0.284% → −0.114%: $39.77
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.3
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 50 min ago; Bybit: live order book, 3 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 50 min ago	5.96 bp	doesn't fit	50.7 bp −$507	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.45 bp	46.9 bp −$47	143.1 bp −$1,431	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
Bybit XTZUSDTshort	−0.0402%	4h	0.3380	+0.284%	$2.7M	$2.6M	75x
Variational Omni XTZlong	−0.0159%	4h	0.3370	long leg	$102K	$297K	—
Bitget XTZUSDT	−0.0158%	4h	0.3381	+0.313%	$916K	$892K	75x	as long as short
Kraken Futures PF_XTZUSD	−0.0100%	1h	0.3381	+0.320%	$279K	$281K	50x	as long as short
Injective XTZ/USDC PERP	+0.0033%	1h	0.3484	+3.369%	$62	$17K	5.5x	as long as short
Binance XTZUSDT	+0.0100%	4h	0.3378	+0.238%	$4.7M	$9.5M	75x	as long as short
OKX XTZ-USDT-SWAP	+0.0100%	8h	0.3380	+0.284%	$1.2M	$1.3M	20x	as long as short
Gate XTZ_USDT	+0.0100%	8h	0.3378	+0.224%	$620K	$155K	75x	as long as short
MEXC XTZ_USDT	+0.0100%	4h	0.3379	+0.254%	$2.2M	$737K	100x	as long as short
KuCoin XTZUSDTM	+0.0100%	4h	0.3381	+0.313%	$627K	$199K	30x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX XTZ-USDT	+0.0100%	4h	0.3381	+0.313%	—	$1.1M	—	as long as short
BloFin XTZ-USDT	+0.0135%	4h	0.3369	−0.043%	$278K	$94K	75x	as long as short