Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.028%
Price spread now: Bybit against BingX+0.058%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1451.449% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 7 days−0.107%−$11 · spread now +0.058%, 7d avg −0.016%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.074% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.152%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX XTZ-USDT | 0.3450 | 0.0036 | pay 0.0018% / 4h | 2h 24m | — | $1.1M | — |
| Short | Bybit XTZUSDT | 0.3452 | 0.0100 | get 0.0050% / 4h | 2h 24m | $2.9M | $3.3M | 75x |
BingX XTZ-USDT
Bybit XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $13.44
- Price spread: +0.058% → −0.016%
- $7.42
- Slippage, 4 orders
- −$123.93
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$124.07
- Costs to cover
- 1.449%
- Break-even
- 71.6 days
Slippage from BingX: live order book, 10 min ago; Bybit: live order book, 2 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, 10 min ago | 5.80 bp | 22.7 bp −$23 | 78.6 bp −$786 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.45 bp | 52.4 bp −$52 | 128.0 bp −$1,280 | 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 | −0.0337% | 1h | 0.3456 | +0.160% | $280K | $219K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +0.986% | $62 | $17K | 5.5x | as long as short |
| BingX XTZ-USDTlong | +0.0036% | 4h | 0.3450 | long leg | — | $1.1M | — | |
| Bitget XTZUSDT | +0.0094% | 4h | 0.3450 | 0.000% | $950K | $1.2M | 75x | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3451 | +0.029% | $4.8M | $10.1M | 75x | as long as short |
| Bybit XTZUSDTshort | +0.0100% | 4h | 0.3452 | +0.058% | $2.9M | $3.3M | 75x | |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3452 | +0.058% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3453 | +0.087% | $644K | $214K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3449 | −0.029% | $2.1M | $628K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3450 | 0.000% | $686K | $315K | 30x | as long as short |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
Bitget XTZUSDT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3448 | −0.047% | $123K | $296K | — | as long as short |
| BloFin XTZ-USDT | +0.0157% | 4h | 0.3446 | −0.116% | $283K | $82K | 75x | as long as short |
Variational Omni XTZ
BloFin XTZ-USDT