Funding you earn now, next payment 00:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.028%
Price spread now: BingX against Bybit−0.029%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1251.250% of the position
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 7 days+0.078%+$8 · spread now −0.029%, 7d avg +0.016%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.045% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.152%, 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 | Bybit XTZUSDT | 0.3451 | 0.0100 | pay 0.0050% / 4h | 2h 09m | $2.9M | $3.3M | 75x |
| Short | BingX XTZ-USDT | 0.3450 | 0.0036 | get 0.0018% / 4h | 2h 09m | — | $1.1M | — |
Bybit XTZUSDT
BingX XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- −$13.44
- Price spread: −0.029% → +0.016%
- −$4.52
- Slippage, 4 orders
- −$103.96
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$142.92
- Costs to cover
- 1.250%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 8 min ago; BingX: live order book, 5 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 Bybit live order book, 8 min ago | 2.90 bp | 43.5 bp −$44 | 62.6 bp −$626 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 5.80 bp | 19.2 bp −$19 | 58.4 bp −$584 | 431.5 bp −$43.2K | 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 | −0.0338% | 1h | 0.3452 | +0.035% | $280K | $219K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +0.956% | $62 | $17K | 5.5x | as long as short |
| BingX XTZ-USDTshort | +0.0036% | 4h | 0.3450 | −0.029% | — | $1.1M | — | |
| BloFin XTZ-USDT | +0.0050% | 4h | 0.3452 | +0.029% | $284K | $82K | 75x | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3448 | −0.085% | $4.8M | $10.1M | 75x | as long as short |
| Bybit XTZUSDTlong | +0.0100% | 4h | 0.3451 | long leg | $2.9M | $3.3M | 75x | |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3448 | −0.087% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3452 | +0.029% | $643K | $215K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3449 | −0.058% | $2.1M | $631K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3452 | +0.029% | $688K | $315K | 30x | as long as short |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
BloFin XTZ-USDT
Binance XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
KuCoin XTZUSDTMShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget XTZUSDT | +0.0100% | 4h | 0.3451 | 0.000% | $952K | $1.2M | 75x | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3446 | −0.146% | $123K | $296K | — | as long as short |
Bitget XTZUSDT
Variational Omni XTZ