Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.24 per $10,000 · paid last 24h −0.023%
Price spread now: BingX against BloFin−0.298%7-day average +0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$900.902% of the position
Funding, last 7 days+0.126%+$13 on $10k
+Price spread, last 4 days (all we have)+0.285%+$29 · spread now −0.298%, 7d avg +0.050%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.348% cheaper against BloFin than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.050%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.126%, 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 | BloFin XTZ-USDT | 0.3355 | 0.0148 | pay 0.0074% / 4h | 19m 22s | $278K | $94K | 75x |
| Short | BingX XTZ-USDT | 0.3345 | 0.0100 | get 0.0050% / 4h | 19m 22s | — | $1.1M | — |
BloFin XTZ-USDT
BingX XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$10.06
- Price spread: −0.298% → +0.050%
- −$34.79
- Slippage, 4 orders
- −$68.24
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$135.09
- Costs to cover
- 0.902%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 60 min ago; BingX: live order book, 1 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 | 4.46 bp | 20.8 bp −$21 | 60.2 bp −$602 | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 5.99 bp | 26.2 bp −$26 | 77.0 bp −$770 | 600.1 bp −$60.0K | 1185.8 bp −$592.9K |
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 | −0.0355% | 1h | 0.3349 | −0.175% | $276K | $276K | 50x | as long as short |
| Bybit XTZUSDT | −0.0245% | 4h | 0.3345 | −0.298% | $2.7M | $2.6M | 75x | as long as short |
| Variational Omni XTZ | −0.0237% | 4h | 0.3351 | −0.122% | $101K | $298K | — | as long as short |
| Bitget XTZUSDT | −0.0190% | 4h | 0.3344 | −0.328% | $909K | $865K | 75x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.845% | $62 | $17K | 5.5x | as long as short |
| MEXC XTZ_USDT | +0.0088% | 4h | 0.3344 | −0.328% | $2.1M | $737K | 100x | as long as short |
| Binance XTZUSDT | +0.0092% | 4h | 0.3344 | −0.321% | $4.6M | $9.5M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3342 | −0.387% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3342 | −0.387% | $611K | $166K | 75x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3345 | −0.298% | $633K | $195K | 30x | as long as short |
Kraken Futures PF_XTZUSD
Bybit XTZUSDT
Variational Omni XTZ
Bitget XTZUSDT
Injective XTZ/USDC PERP
MEXC XTZ_USDT
Binance XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
KuCoin XTZUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XTZ-USDTshort | +0.0100% | 4h | 0.3345 | −0.298% | — | $1.1M | — | |
| BloFin XTZ-USDTlong | +0.0148% | 4h | 0.3355 | long leg | $278K | $94K | 75x |