Funding you earn now, next payment 12:00 UTC+0.0959%/8h= +105.1% APRnext payment +$4.80 per $10,000 · paid last 24h +0.003%
Price spread now: BloFin against Bybit+0.030%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1091.088% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)+0.361%+$36 · spread now +0.030%, 7d avg −0.054%
=Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and BloFin is 0.084% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.054%.
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 +$4.80 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 | Bybit XTZUSDT | 0.3369 | −0.0878 | get 0.0439% / 4h | 3h 30m | $2.7M | $2.6M | 75x |
| Short | BloFin XTZ-USDT | 0.3370 | 0.0082 | get 0.0041% / 4h | 3h 30m | $280K | $94K | 75x |
Bybit XTZUSDT
BloFin XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $201.48
- Price spread: +0.030% → −0.054%
- $8.36
- Slippage, 4 orders
- −$85.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $101.08
- Costs to cover
- 1.088%
- Break-even
- 3.5 days
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 43 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, 1 min ago | 4.45 bp | 39.8 bp −$40 | 196.9 bp −$1,969 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 43 min ago | 2.99 bp | 24.0 bp −$24 | 54.0 bp −$540 | 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 XTZUSDTlong | −0.0878% | 4h | 0.3369 | long leg | $2.7M | $2.6M | 75x | |
| Bitget XTZUSDT | −0.0198% | 4h | 0.3373 | +0.119% | $913K | $867K | 75x | as long as short |
| Variational Omni XTZ | −0.0194% | 4h | 0.3376 | +0.221% | $102K | $297K | — | as long as short |
| Kraken Futures PF_XTZUSD | −0.0101% | 1h | 0.3374 | +0.140% | $278K | $279K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.413% | $62 | $17K | 5.5x | as long as short |
| BloFin XTZ-USDTshort | +0.0082% | 4h | 0.3370 | +0.030% | $280K | $94K | 75x | |
| Binance XTZUSDT | +0.0100% | 4h | 0.3370 | +0.030% | $4.7M | $9.4M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3370 | +0.030% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3371 | +0.059% | $618K | $155K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3368 | −0.030% | $2.1M | $738K | 100x | as long as short |
Bitget XTZUSDT
Variational Omni XTZ
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
Binance XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3370 | +0.030% | $624K | $203K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3367 | −0.059% | — | $1.1M | — | as long as short |
KuCoin XTZUSDTM
BingX XTZ-USDT