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
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%
=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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget XTZUSDT | 0.3358 | −0.0188 | get 0.0094% / 4h | 1h 55m | $896K | $858K | 75x |
| Short | Kraken Futures PF_XTZUSD | 0.3362 | −0.0345 | pay 0.0043% / 1h | 55m 50s | $278K | $267K | 50x |
Bitget XTZUSDT
Kraken Futures PF_XTZUSDFunding 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
- −$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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 55 min ago | 1.47 bp | 18.4 bp −$18 | 52.6 bp −$526 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 52 min ago | 4.41 bp | 32.1 bp −$32 | 72.0 bp −$720 | 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 | −0.0345% | 1h | 0.3362 | +0.123% | $278K | $267K | 50x | |
| Bitget XTZUSDTlong | −0.0188% | 4h | 0.3358 | long leg | $896K | $858K | 75x | |
| Bybit XTZUSDT | −0.0064% | 4h | 0.3358 | 0.000% | $2.7M | $2.6M | 75x | as long as short |
| BloFin XTZ-USDT | −0.0024% | 4h | 0.3367 | +0.268% | $275K | $95K | 75x | as long as short |
| Variational Omni XTZ | +0.0020% | 4h | 0.3356 | −0.047% | $101K | $298K | — | as long as short |
| MEXC XTZ_USDT | +0.0024% | 4h | 0.3356 | −0.060% | $2.1M | $689K | 100x | as long as short |
| Binance XTZUSDT | +0.0025% | 4h | 0.3356 | −0.060% | $4.6M | $9.6M | 75x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.752% | $62 | $17K | 5.5x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3356 | −0.060% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3359 | +0.030% | $616K | $165K | 75x | as long as short |
Bybit XTZUSDT
BloFin XTZ-USDT
Variational Omni XTZ
MEXC XTZ_USDT
Binance XTZUSDT
Injective XTZ/USDC PERP
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 | 0.3364 | +0.179% | $619K | $189K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3358 | 0.000% | — | $1.1M | — | as long as short |
KuCoin XTZUSDTM
BingX XTZ-USDT