XTZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0780%/8h= −85.5% APRnext payment −$3.90 per $10,000 · paid last 24h −0.003%

Price spread now: Bybit against BloFin0.000%62s7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as 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−$1121.125% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.390%−$39 · spread now 0.000%, 7d avg +0.054%

Together, before fees−0.427%−$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bybit is 0.054% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.054%). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XTZ-USDT	0.3377	0.0061	pay 0.0031% / 4h	3h 38m	$278K	$94K	75x
Short	Bybit XTZUSDT	0.3377	−0.0719	pay 0.0359% / 4h	3h 38m	$2.7M	$2.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$163.88
Price spread: 0.000% → +0.054%: −$5.39
Slippage, 4 orders: −$89.47
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$281.75
Costs to cover: 1.125%
Break-even: never at this rate

Slippage from BloFin: live order book, 36 min ago; Bybit: live order book, 4 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, 36 min ago	2.99 bp	14.5 bp −$15	54.5 bp −$545	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.44 bp	33.4 bp −$33	129.5 bp −$1,295	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
Bybit XTZUSDTshort	−0.0719%	4h	0.3377	0.000%	$2.7M	$2.6M	75x
Variational Omni XTZ	−0.0205%	4h	0.3377	−0.002%	$102K	$297K	—	as long as short
Bitget XTZUSDT	−0.0170%	4h	0.3378	+0.030%	$915K	$882K	75x	as long as short
Kraken Futures PF_XTZUSD	−0.0100%	1h	0.3380	+0.083%	$279K	$279K	50x	as long as short
Injective XTZ/USDC PERP	+0.0033%	1h	0.3484	+3.168%	$62	$17K	5.5x	as long as short
BloFin XTZ-USDTlong	+0.0061%	4h	0.3377	long leg	$278K	$94K	75x
Binance XTZUSDT	+0.0100%	4h	0.3378	+0.030%	$4.7M	$9.4M	75x	as long as short
OKX XTZ-USDT-SWAP	+0.0100%	8h	0.3380	+0.089%	$1.2M	$1.2M	20x	as long as short
Gate XTZ_USDT	+0.0100%	8h	0.3376	−0.030%	$619K	$155K	75x	as long as short
MEXC XTZ_USDT	+0.0100%	4h	0.3376	−0.030%	$2.1M	$738K	100x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XTZUSDTM	+0.0100%	4h	0.3378	+0.030%	$625K	$203K	30x	as long as short
BingX XTZ-USDT	+0.0100%	4h	0.3380	+0.089%	—	$1.1M	—	as long as short