Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.003%
Price spread now: Binance against BloFin−0.015%61s7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as 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−$710.708% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 3 days (all we have)−0.021%−$2 · spread now −0.015%, 7d avg +0.001%
=The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin XTZ-USDT | 0.3412 | 0.0150 | pay 0.0075% / 4h | 1h 16m | $281K | $97K | 75x |
| Short | Binance XTZUSDT | 0.3411 | 0.0100 | get 0.0050% / 4h | 1h 16m | $4.8M | $10.2M | 75x |
BloFin XTZ-USDT
Binance XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$10.57
- Price spread: −0.015% → +0.001%
- −$1.55
- Slippage, 4 orders
- −$48.79
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$82.9
- Costs to cover
- 0.708%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 60 min ago; Binance: live order book, 9 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 BloFin live order book, 60 min ago | 1.45 bp | 15.4 bp −$15 | 44.8 bp −$448 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.47 bp | 18.1 bp −$18 | 64.5 bp −$645 | 428.7 bp −$42.9K | 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 | −0.0593% | 1h | 0.3417 | +0.145% | $277K | $219K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +2.110% | $62 | $17K | 5.5x | as long as short |
| BingX XTZ-USDT | +0.0036% | 4h | 0.3414 | +0.059% | — | $1.1M | — | as long as short |
| Binance XTZUSDTshort | +0.0100% | 4h | 0.3411 | −0.015% | $4.8M | $10.2M | 75x | |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3412 | 0.000% | $2.8M | $3.3M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3413 | +0.029% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3413 | +0.029% | $634K | $217K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3411 | −0.029% | $2.1M | $626K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3415 | +0.088% | $675K | $320K | 30x | as long as short |
| Bitget XTZUSDT | +0.0100% | 4h | 0.3412 | 0.000% | $944K | $1.2M | 75x | as long as short |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
BingX XTZ-USDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTM
Bitget XTZUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3412 | −0.012% | $122K | $296K | — | as long as short |
| BloFin XTZ-USDTlong | +0.0150% | 4h | 0.3412 | long leg | $281K | $97K | 75x |
Variational Omni XTZ