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

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.036%
Price spread now: KuCoin against Bitget+0.029%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1541.537% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.328%+$33 on $10k
Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.029%, 7d avg +0.002%
Together, before fees+0.289%+$29 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 0.027% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XTZUSDT0.34130.0100pay 0.0050% / 4h20m 28s$942K$1.2M75x
ShortKuCoin XTZUSDTM0.34140.0100get 0.0050% / 4h20m 28s$675K$316K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$0
Price spread: +0.029% → +0.002%
$2.71
Slippage, 4 orders
−$129.72
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$151.01
Costs to cover
1.537%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 43 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, 1 min ago1.47 bp13.6 bp −$1446.6 bp −$466doesn't fitdoesn't fit
Sell KuCoin live order book, 43 min ago7.33 bp61.5 bp −$62383.3 bp −$3,833doesn'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_XTZUSD+0.0015%1h0.3416+0.088%$275K$222K50xas long as short
Injective XTZ/USDC PERP+0.0033%1h0.3484+2.080%$62$17K5.5xas long as short
BingX XTZ-USDT+0.0036%4h0.3415+0.059%$1.1Mas long as short
Binance XTZUSDT+0.0100%4h0.34130.000%$4.8M$10.1M75xas long as short
Bybit XTZUSDT+0.0100%4h0.3411−0.059%$2.8M$3.3M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.3415+0.059%$1.2M$1.4M20xas long as short
Gate XTZ_USDT+0.0100%8h0.34130.000%$633K$202K75xas long as short
MEXC XTZ_USDT+0.0100%4h0.3414+0.029%$2.1M$626K100xas long as short
KuCoin XTZUSDTMshort+0.0100%4h0.3414+0.029%$675K$316K30x
Bitget XTZUSDTlong+0.0100%4h0.3413long leg$942K$1.2M75x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XTZ+0.0100%4h0.3412−0.028%$122K$296Kas long as short
BloFin XTZ-USDT+0.0150%4h0.3415+0.059%$283K$98K75xas long as short