Funding you earn now, next payment 08:00 UTC+0.0204%/8h= +22.3% APRnext payment +$1.02 per $10,000 · paid last 24h +0.010%
Price spread now: BloFin against Bitget0.000%45s7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as 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−$840.840% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now 0.000%, 7d avg −0.035%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.035% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.035%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.02 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget XTZUSDT | 0.3358 | −0.0208 | get 0.0104% / 4h | 1h 30m | $913K | $860K | 75x |
| Short | BloFin XTZ-USDT | 0.3358 | −0.0004 | pay 0.0002% / 4h | 1h 30m | $276K | $95K | 75x |
Bitget XTZUSDT
BloFin XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $42.82
- Price spread: 0.000% → −0.035%
- $3.51
- Slippage, 4 orders
- −$60
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$37.66
- Costs to cover
- 0.840%
- Break-even
- 13.2 days
Slippage from Bitget: live order book, 16 min ago; BloFin: live order book, 54 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 Bitget live order book, 16 min ago | 1.49 bp | 23.2 bp −$23 | 54.3 bp −$543 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 54 min ago | 2.99 bp | 22.5 bp −$23 | 55.2 bp −$552 | 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 | −0.0344% | 1h | 0.3364 | +0.177% | $280K | $268K | 50x | as long as short |
| Bitget XTZUSDTlong | −0.0208% | 4h | 0.3358 | long leg | $913K | $860K | 75x | |
| Bybit XTZUSDT | −0.0092% | 4h | 0.3360 | +0.060% | $2.7M | $2.7M | 75x | as long as short |
| Variational Omni XTZ | −0.0026% | 4h | 0.3359 | +0.027% | $101K | $298K | — | as long as short |
| BloFin XTZ-USDTshort | −0.0004% | 4h | 0.3358 | 0.000% | $276K | $95K | 75x | |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.752% | $62 | $17K | 5.5x | as long as short |
| MEXC XTZ_USDT | +0.0042% | 4h | 0.3359 | +0.030% | $2.1M | $720K | 100x | as long as short |
| Binance XTZUSDT | +0.0046% | 4h | 0.3361 | +0.089% | $4.6M | $9.6M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3360 | +0.060% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3360 | +0.060% | $617K | $166K | 75x | as long as short |
Kraken Futures PF_XTZUSD
Bybit XTZUSDT
Variational Omni XTZ
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 | 0.3361 | +0.089% | $620K | $189K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3362 | +0.119% | — | $1.1M | — | as long as short |
KuCoin XTZUSDTM
BingX XTZ-USDT