Funding you earn now, next payment 12:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.18 per $10,000 · paid last 24h +0.001%
Price spread now: Bybit against Binance+0.038%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1271.270% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 7 days−0.058%−$6 · spread now +0.038%, 7d avg +0.009%
=The price spread pays, funding is against you. Bybit is 0.029% dearer against Binance than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of +0.009%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance XTZUSDT | 0.3406 | 0.0100 | pay 0.0050% / 4h | 3h 04m | $4.7M | $9.1M | 75x |
| Short | Bybit XTZUSDT | 0.3407 | 0.0064 | get 0.0032% / 4h | 3h 04m | $2.7M | $2.5M | 75x |
Binance XTZUSDT
Bybit XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$7.53
- Price spread: +0.038% → +0.009%
- $2.9
- Slippage, 4 orders
- −$105.99
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$131.62
- Costs to cover
- 1.270%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Bybit: live order book, 3 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, 5 min ago | 1.47 bp | 23.1 bp −$23 | 83.1 bp −$831 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.41 bp | 40.8 bp −$41 | 452.8 bp −$4,528 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget XTZUSDT | −0.0132% | 4h | 0.3406 | +0.009% | $922K | $836K | 75x | as long as short |
| Kraken Futures PF_XTZUSD | −0.0099% | 1h | 0.3417 | +0.342% | $282K | $276K | 50x | as long as short |
| Variational Omni XTZ | −0.0032% | 4h | 0.3405 | −0.008% | $103K | $297K | — | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +2.299% | $62 | $17K | 5.5x | as long as short |
| Bybit XTZUSDTshort | +0.0064% | 4h | 0.3407 | +0.038% | $2.7M | $2.5M | 75x | |
| Binance XTZUSDTlong | +0.0100% | 4h | 0.3406 | long leg | $4.7M | $9.1M | 75x | |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3406 | +0.009% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3406 | +0.009% | $624K | $155K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3406 | +0.009% | $2.2M | $758K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3406 | +0.009% | $629K | $202K | 30x | as long as short |
Bitget XTZUSDT
Kraken Futures PF_XTZUSD
Variational Omni XTZ
Injective XTZ/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX XTZ-USDT | +0.0100% | 4h | 0.3407 | +0.038% | — | $1.1M | — | as long as short |
| BloFin XTZ-USDT | +0.0128% | 4h | 0.3406 | +0.009% | $282K | $95K | 75x | as long as short |
BingX XTZ-USDT
BloFin XTZ-USDT