Funding you earn now, next payment 04:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.062%
Price spread now: BingX against Gate+0.118%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1401.404% of the position
Funding, last 7 days+0.075%+$7 on $10k
+Price spread, last 4 days (all we have)−0.145%−$14 · spread now +0.118%, 7d avg −0.016%
=The price spread pays, funding is against you. BingX is 0.134% dearer against Gate than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of −0.016%): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.0 days. Mind the row above: over the last 7 days funding on this pair paid +0.075%, 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 | Gate XTZ_USDT | 0.3391 | 0.0100 | pay 0.0100% / 8h | 7h 58m | $629K | $196K | 75x |
| Short | BingX XTZ-USDT | 0.3395 | 0.0036 | get 0.0018% / 4h | 3h 58m | — | $1.1M | — |
Gate XTZ_USDT
BingX XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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: +0.118% → −0.016%
- $13.35
- Slippage, 4 orders
- −$115.41
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$140.5
- Costs to cover
- 1.404%
- Break-even
- never at this rate
Slippage from Gate: live order book, 13 min ago; BingX: live order book, 6 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 Gate live order book, 13 min ago | 2.94 bp | 46.3 bp −$46 | 135.5 bp −$1,355 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 5.84 bp | 22.3 bp −$22 | 63.4 bp −$634 | 514.9 bp −$51.5K | 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 | −0.0176% | 1h | 0.3392 | +0.015% | $269K | $232K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +2.743% | $62 | $17K | 5.5x | as long as short |
| BingX XTZ-USDTshort | +0.0036% | 4h | 0.3395 | +0.118% | — | $1.1M | — | |
| BloFin XTZ-USDT | +0.0094% | 4h | 0.3395 | +0.118% | $280K | $97K | 75x | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3417 | +0.753% | $122K | $296K | — | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3391 | 0.000% | $4.8M | $10.2M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3391 | 0.000% | $2.8M | $3.3M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3389 | −0.059% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDTlong | +0.0100% | 8h | 0.3391 | long leg | $629K | $196K | 75x | |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3390 | −0.029% | $2.1M | $614K | 100x | as long as short |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
BloFin XTZ-USDT
Variational Omni XTZ
Binance XTZUSDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
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 | 0.3391 | 0.000% | $670K | $316K | 30x | as long as short |
| Bitget XTZUSDT | +0.0100% | 4h | 0.3390 | −0.029% | $945K | $1.1M | 75x | as long as short |
KuCoin XTZUSDTM
Bitget XTZUSDT