Settings8H · net · $10k
Funding arb · Price arb /

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.047%
Price spread now: Gate against BingX+0.235%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1411.408% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.071%−$7 on $10k
Price spread, last 4 days (all we have)−0.259%−$26 · spread now +0.235%, 7d avg +0.020%
Together, before fees−0.331%−$33 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.215% dearer against BingX than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XTZ-USDT0.34030.0100pay 0.0050% / 4h2h 55m$1.1M
ShortGate XTZ_USDT0.34110.0100get 0.0100% / 8h2h 55m$630K$161K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.235% → +0.020%
$21.53
Slippage, 4 orders
−$115.76
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$119.23
Costs to cover
1.408%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Gate: live order book, 56 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 4 min ago4.40 bp20.7 bp −$2179.9 bp −$799922.0 bp −$92.2Kdoesn't fit
Sell Gate live order book, 56 min ago4.38 bp53.4 bp −$53159.8 bp −$1,598doesn't fitdoesn't fit

XTZ on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XTZUSD−0.0569%1h0.3415+0.340%$278K$265K50xas long as short
Bitget XTZUSDT−0.0140%4h0.3408+0.147%$918K$887K75xas long as short
Binance XTZUSDT+0.0016%4h0.3403−0.009%$4.7M$9.6M75xas long as short
MEXC XTZ_USDT+0.0024%4h0.34030.000%$2.1M$655K100xas long as short
Injective XTZ/USDC PERP+0.0033%1h0.3484+2.380%$62$17K5.5xas long as short
BloFin XTZ-USDT+0.0077%4h0.3416+0.382%$283K$96K75xas long as short
Bybit XTZUSDT+0.0100%4h0.3402−0.029%$2.7M$2.7M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.34030.000%$1.2M$1.3M20xas long as short
Gate XTZ_USDTshort+0.0100%8h0.3411+0.235%$630K$161K75x
KuCoin XTZUSDTM+0.0100%4h0.3410+0.206%$629K$187K30xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XTZ-USDTlong+0.0100%4h0.3403long leg$1.1M
Variational Omni XTZ+0.0100%4h0.3408+0.159%$86K$282Kas long as short