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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.047%
Price spread now: KuCoin against BingX+0.029%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1781.775% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.142%+$14 on $10k
Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.029%, 7d avg −0.005%
Together, before fees+0.161%+$16 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: KuCoin is 0.035% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XTZ-USDT0.34080.0100pay 0.0050% / 4h3h 21m$1.1M
ShortKuCoin XTZUSDTM0.34090.0100get 0.0050% / 4h3h 21m$627K$193K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.029% → −0.005%
$3.47
Slippage, 4 orders
−$155.51
Fee BingX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$174.04
Costs to cover
1.775%
Break-even
never at this rate
Slippage from BingX: live order book, 9 min ago; KuCoin: live order book, 53 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, 9 min ago4.39 bp19.5 bp −$2068.5 bp −$685865.4 bp −$86.5Kdoesn't fit
Sell KuCoin live order book, 53 min ago2.91 bp78.1 bp −$78594.8 bp −$5,948doesn'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
Bitget XTZUSDT−0.0082%4h0.3410+0.059%$920K$933K75xas long as short
Injective XTZ/USDC PERP+0.0033%1h0.3484+2.230%$62$17K5.5xas long as short
MEXC XTZ_USDT+0.0072%4h0.3410+0.059%$2.1M$679K100xas long as short
Binance XTZUSDT+0.0073%4h0.3410+0.062%$4.7M$9.7M75xas long as short
Bybit XTZUSDT+0.0100%4h0.3410+0.059%$2.7M$2.8M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.3410+0.059%$1.2M$1.3M20xas long as short
Gate XTZ_USDT+0.0100%8h0.34080.000%$630K$165K75xas long as short
KuCoin XTZUSDTMshort+0.0100%4h0.3409+0.029%$627K$193K30x
BingX XTZ-USDTlong+0.0100%4h0.3408long leg$1.1M
Variational Omni XTZ+0.0100%4h0.3405−0.077%$86K$331Kas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin XTZ-USDT+0.0105%4h0.3411+0.088%$282K$96K75xas long as short
Kraken Futures PF_XTZUSD+0.0116%1h0.3414+0.170%$276K$264K50xas long as short