Funding you earn now, next payment 01:00 UTC−0.0278%/8h= −30.4% APRpaid last 24h −0.029%
Price spread now: Kraken Futures against Bitget+0.151%7-day average +0.162% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$990.993% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 3 days (all we have)+0.043%+$4 · spread now +0.151%, 7d avg +0.162%
=The price spread sits at its 7-day average of +0.162%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.076%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 4.0% a year). A funding rate is set anew for every payment. 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 | 0.3364 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $922K | $1.1M | 75x |
| Short | Kraken Futures PF_XTZUSD | 0.3369 | −0.0178 | pay 0.0022% / 1h | 55m 23s | $267K | $235K | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$58.29
- Price spread: +0.151% → +0.162%
- −$1.16
- Slippage, 4 orders
- −$77.28
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$158.73
- Costs to cover
- 0.993%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Kraken Futures: live order book, 17 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, 1 min ago | 5.94 bp | 29.3 bp −$29 | 87.0 bp −$870 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 17 min ago | 7.32 bp | 27.3 bp −$27 | 67.9 bp −$679 | 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_XTZUSDshort | −0.0178% | 1h | 0.3369 | +0.151% | $267K | $235K | 50x | |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.567% | $62 | $17K | 5.5x | as long as short |
| BingX XTZ-USDT | +0.0036% | 4h | 0.3368 | +0.119% | — | $1.1M | — | as long as short |
| Variational Omni XTZ | +0.0088% | 4h | 0.3384 | +0.581% | $121K | $296K | — | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3362 | −0.065% | $4.7M | $10.2M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3360 | −0.119% | $2.7M | $3.3M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3363 | −0.030% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3364 | 0.000% | $623K | $198K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3363 | −0.030% | $2.0M | $618K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3365 | +0.030% | $664K | $316K | 30x | as long as short |
Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XTZUSDTlong | +0.0100% | 4h | 0.3364 | long leg | $922K | $1.1M | 75x | |
| BloFin XTZ-USDT | +0.0133% | 4h | 0.3390 | +0.773% | $280K | $97K | 75x | as long as short |
Bitget XTZUSDT
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
BingX XTZ-USDT
Variational Omni XTZ
Binance XTZUSDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTM
BloFin XTZ-USDT