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

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0157%/8h= −17.1% APRpaid last 24h −0.043%
Price spread now: Kraken Futures against Bitget+0.123%7-day average +0.154% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$970.972% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.079%+$8 on $10k
Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.123%, 7d avg +0.154%
Together, before fees+0.149%+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.031% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.154%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.079%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XTZUSDT0.3358−0.0188get 0.0094% / 4h1h 55m$896K$858K75x
ShortKraken Futures PF_XTZUSD0.3362−0.0345pay 0.0043% / 1h55m 50s$278K$267K50x

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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$32.87
Price spread: +0.123% → +0.154%
−$3.11
Slippage, 4 orders
−$75.24
Fee Bitget: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$133.22
Costs to cover
0.972%
Break-even
never at this rate
Slippage from Bitget: live order book, 55 min ago; Kraken Futures: live order book, 52 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 Bitget live order book, 55 min ago1.47 bp18.4 bp −$1852.6 bp −$526doesn't fitdoesn't fit
Sell Kraken Futures live order book, 52 min ago4.41 bp32.1 bp −$3272.0 bp −$720doesn'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_XTZUSDshort−0.0345%1h0.3362+0.123%$278K$267K50x
Bitget XTZUSDTlong−0.0188%4h0.3358long leg$896K$858K75x
Bybit XTZUSDT−0.0064%4h0.33580.000%$2.7M$2.6M75xas long as short
BloFin XTZ-USDT−0.0024%4h0.3367+0.268%$275K$95K75xas long as short
Variational Omni XTZ+0.0020%4h0.3356−0.047%$101K$298Kas long as short
MEXC XTZ_USDT+0.0024%4h0.3356−0.060%$2.1M$689K100xas long as short
Binance XTZUSDT+0.0025%4h0.3356−0.060%$4.6M$9.6M75xas long as short
Injective XTZ/USDC PERP+0.0033%1h0.3484+3.752%$62$17K5.5xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.3356−0.060%$1.2M$1.2M20xas long as short
Gate XTZ_USDT+0.0100%8h0.3359+0.030%$616K$165K75xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin XTZUSDTM+0.0100%4h0.3364+0.179%$619K$189K30xas long as short
BingX XTZ-USDT+0.0100%4h0.33580.000%$1.1Mas long as short