Funding you earn now, next payment 08:00 UTC−0.0069%/8h= −7.6% APRnext payment −$0.34 per $10,000 · paid last 24h +0.023%
Price spread now: BloFin against BingX−0.358%96s7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as 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−$820.822% of the position
Funding, last 7 days−0.126%−$13 on $10k
+Price spread, last 4 days (all we have)+0.371%+$37 · spread now −0.358%, 7d avg −0.050%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.308% cheaper against BingX than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.050%). Swap the legs. The two prices were read 96 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 | BingX XTZ-USDT | 0.3353 | 0.0100 | pay 0.0050% / 4h | 21m 32s | — | $1.1M | — |
| Short | BloFin XTZ-USDT | 0.3341 | 0.0031 | get 0.0016% / 4h | 21m 32s | $277K | $94K | 75x |
BingX XTZ-USDT
BloFin XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$14.49
- Price spread: −0.358% → −0.050%
- −$30.8
- Slippage, 4 orders
- −$60.2
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$127.49
- Costs to cover
- 0.822%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; BloFin: live order book, 58 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 BingX live order book, 8 min ago | 4.47 bp | 20.0 bp −$20 | 80.4 bp −$804 | 837.3 bp −$83.7K | 1293.4 bp −$646.7K |
| Sell BloFin live order book, 58 min ago | 4.46 bp | 17.4 bp −$17 | 41.6 bp −$416 | 251.6 bp −$25.2K | 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 | −0.0354% | 1h | 0.3356 | +0.101% | $278K | $274K | 50x | as long as short |
| Bybit XTZUSDT | −0.0248% | 4h | 0.3352 | −0.030% | $2.7M | $2.6M | 75x | as long as short |
| Variational Omni XTZ | −0.0201% | 4h | 0.3344 | −0.257% | $101K | $298K | — | as long as short |
| Bitget XTZUSDT | −0.0190% | 4h | 0.3350 | −0.089% | $908K | $864K | 75x | as long as short |
| BloFin XTZ-USDTshort | +0.0031% | 4h | 0.3341 | −0.358% | $277K | $94K | 75x | |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.907% | $62 | $17K | 5.5x | as long as short |
| MEXC XTZ_USDT | +0.0088% | 4h | 0.3351 | −0.060% | $2.1M | $737K | 100x | as long as short |
| Binance XTZUSDT | +0.0089% | 4h | 0.3350 | −0.086% | $4.6M | $9.5M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3351 | −0.060% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3351 | −0.060% | $615K | $164K | 75x | as long as short |
Kraken Futures PF_XTZUSD
Bybit XTZUSDT
Variational Omni XTZ
Bitget XTZUSDT
Injective XTZ/USDC PERP
MEXC XTZ_USDT
Binance XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3352 | −0.030% | $634K | $196K | 30x | as long as short |
| BingX XTZ-USDTlong | +0.0100% | 4h | 0.3353 | long leg | — | $1.1M | — |
KuCoin XTZUSDTM