Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.4% APRnext payment −$0.25 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against Binance0.000%71s7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as 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−$710.709% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 3 days (all we have)+0.108%+$11 · spread now 0.000%, 7d avg −0.002%
=The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 71 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 | Binance XTZUSDT | 0.3444 | 0.0100 | pay 0.0050% / 4h | 2h 04m | $4.8M | $10.1M | 75x |
| Short | BloFin XTZ-USDT | 0.3444 | 0.0051 | get 0.0025% / 4h | 2h 04m | $283K | $82K | 75x |
Binance XTZUSDT
BloFin XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$10.35
- Price spread: 0.000% → −0.002%
- $0.19
- Slippage, 4 orders
- −$48.86
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$81.02
- Costs to cover
- 0.709%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; BloFin: live order book, 13 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 Binance live order book, 6 min ago | 1.45 bp | 15.8 bp −$16 | 80.4 bp −$804 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 13 min ago | 1.45 bp | 19.6 bp −$20 | 47.9 bp −$479 | 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 | −0.0338% | 1h | 0.3448 | +0.122% | $280K | $217K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.161% | $62 | $17K | 5.5x | as long as short |
| BingX XTZ-USDT | +0.0036% | 4h | 0.3448 | +0.116% | — | $1.1M | — | as long as short |
| BloFin XTZ-USDTshort | +0.0051% | 4h | 0.3444 | 0.000% | $283K | $82K | 75x | |
| Binance XTZUSDTlong | +0.0100% | 4h | 0.3444 | long leg | $4.8M | $10.1M | 75x | |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3444 | 0.000% | $2.9M | $3.3M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3442 | −0.058% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3443 | −0.029% | $641K | $216K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3444 | 0.000% | $2.1M | $631K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3449 | +0.145% | $687K | $315K | 30x | as long as short |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
BingX XTZ-USDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XTZUSDT | +0.0100% | 4h | 0.3443 | −0.029% | $950K | $1.2M | 75x | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3447 | +0.083% | $123K | $296K | — | as long as short |
Bitget XTZUSDT
Variational Omni XTZ