Funding you earn now, next payment 00:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.24 per $10,000 · paid last 24h −0.003%
Price spread now: MEXC against BloFin−0.029%64s7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as 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−$420.423% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 3 days (all we have)−0.031%−$3 · spread now −0.029%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.028% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 64 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 | 0.3437 | 0.0148 | pay 0.0074% / 4h | 1h 48m | $283K | $88K | 75x |
| Short | MEXC XTZ_USDT | 0.3436 | 0.0100 | get 0.0050% / 4h | 1h 48m | $2.2M | $605K | 100x |
BloFin XTZ-USDT
MEXC XTZ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$9.98
- Price spread: −0.029% → −0.001%
- −$2.77
- Slippage, 4 orders
- −$26.28
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$55.03
- Costs to cover
- 0.423%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 28 min ago; MEXC: 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, 28 min ago | 1.45 bp | 15.4 bp −$15 | 44.8 bp −$448 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 1.45 bp | 3.8 bp −$4 | 27.5 bp −$275 | 111.6 bp −$11.2K | 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 | −0.0589% | 1h | 0.3441 | +0.111% | $279K | $216K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.367% | $62 | $17K | 5.5x | as long as short |
| BingX XTZ-USDT | +0.0036% | 4h | 0.3447 | +0.291% | — | $1.1M | — | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3436 | −0.017% | $4.8M | $10.0M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3437 | 0.000% | $2.8M | $3.3M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3435 | −0.058% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3439 | +0.058% | $640K | $212K | 75x | as long as short |
| MEXC XTZ_USDTshort | +0.0100% | 4h | 0.3436 | −0.029% | $2.2M | $605K | 100x | |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3440 | +0.087% | $681K | $318K | 30x | as long as short |
| Bitget XTZUSDT | +0.0100% | 4h | 0.3442 | +0.145% | $949K | $1.2M | 75x | as long as short |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
BingX XTZ-USDT
Binance XTZUSDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate 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 | 0.3441 | +0.108% | $123K | $296K | — | as long as short |
| BloFin XTZ-USDTlong | +0.0148% | 4h | 0.3437 | long leg | $283K | $88K | 75x |
Variational Omni XTZ