Funding you earn now, next payment 12:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h +0.024%
Price spread now: OKX against BloFin−0.030%93s7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as 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−$900.897% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.030%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.063% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.033%). Swap the legs. The two prices were read 93 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 | 0.3373 | 0.0130 | pay 0.0065% / 4h | 1h 27m | $283K | $95K | 75x |
| Short | OKX XTZ-USDT-SWAP | 0.3372 | 0.0100 | get 0.0100% / 8h | 5h 27m | $1.2M | $1.1M | 20x |
BloFin XTZ-USDT
OKX XTZ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$6.28
- Price spread: −0.030% → +0.033%
- −$6.26
- Slippage, 4 orders
- −$67.74
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$102.28
- Costs to cover
- 0.897%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 12 min ago; OKX: live order book, 2 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, 12 min ago | 2.95 bp | 11.1 bp −$11 | 42.0 bp −$420 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.48 bp | 27.5 bp −$28 | 205.4 bp −$2,054 | doesn't fit | doesn't fit |
XTZ on 12 exchanges
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 XTZUSDT | −0.0368% | 4h | 0.3375 | +0.059% | $2.7M | $2.3M | 75x | as long as short |
| Bitget XTZUSDT | −0.0080% | 4h | 0.3372 | −0.030% | $911K | $748K | 75x | as long as short |
| Variational Omni XTZ | −0.0051% | 4h | 0.3373 | +0.006% | $102K | $272K | — | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.291% | $62 | $17K | 5.5x | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3373 | −0.015% | $4.7M | $8.3M | 75x | as long as short |
| OKX XTZ-USDT-SWAPshort | +0.0100% | 8h | 0.3372 | −0.030% | $1.2M | $1.1M | 20x | |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3374 | +0.030% | $614K | $122K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3373 | 0.000% | $2.0M | $739K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3374 | +0.030% | $608K | $179K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3376 | +0.089% | — | $1.1M | — | as long as short |
Bybit XTZUSDT
Bitget XTZUSDT
Variational Omni XTZ
Injective XTZ/USDC PERP
Binance XTZUSDT
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTM
BingX XTZ-USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin XTZ-USDTlong | +0.0130% | 4h | 0.3373 | long leg | $283K | $95K | 75x | |
| Kraken Futures PF_XTZUSD | +0.0138% | 1h | 0.3376 | +0.094% | $274K | $255K | 50x | as long as short |
Kraken Futures PF_XTZUSD