Funding you earn now, next payment 08:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.034%
Price spread now: Bitget against Gate−0.030%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$147as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1351.354% of the position
Funding, last 7 days−0.115%−$12 on $10k
+Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.030%, 7d avg −0.030%
=The price spread sits at its 7-day average of −0.030%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment. 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 | Gate XTZ_USDT | 0.3360 | 0.0100 | pay 0.0100% / 8h | 2h 19m | $618K | $166K | 75x |
| Short | Bitget XTZUSDT | 0.3359 | −0.0240 | pay 0.0120% / 4h | 2h 19m | $911K | $853K | 75x |
Gate XTZ_USDT
Bitget XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$71.4
- Price spread: −0.030% → −0.030%
- −$0.02
- Slippage, 4 orders
- −$108.36
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$206.78
- Costs to cover
- 1.354%
- Break-even
- never at this rate
Slippage from Gate: live order book, 27 min ago; Bitget: live order book, 31 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, 27 min ago | 5.90 bp | 45.6 bp −$46 | 154.5 bp −$1,545 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 31 min ago | 1.47 bp | 17.2 bp −$17 | 55.1 bp −$551 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XTZUSD | −0.0578% | 1h | 0.3362 | +0.054% | $277K | $267K | 50x | as long as short |
| Bitget XTZUSDTshort | −0.0240% | 4h | 0.3359 | −0.030% | $911K | $853K | 75x | |
| Bybit XTZUSDT | −0.0102% | 4h | 0.3361 | +0.030% | $2.7M | $2.7M | 75x | as long as short |
| Binance XTZUSDT | −0.0033% | 4h | 0.3362 | +0.048% | $4.6M | $9.6M | 75x | as long as short |
| MEXC XTZ_USDT | −0.0022% | 4h | 0.3363 | +0.089% | $2.1M | $715K | 100x | as long as short |
| BloFin XTZ-USDT | +0.0006% | 4h | 0.3361 | +0.030% | $274K | $94K | 75x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.690% | $62 | $17K | 5.5x | as long as short |
| Variational Omni XTZ | +0.0059% | 4h | 0.3352 | −0.241% | $101K | $298K | — | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3362 | +0.060% | $1.2M | $1.2M | 20x | as long as short |
| Gate XTZ_USDTlong | +0.0100% | 8h | 0.3360 | long leg | $618K | $166K | 75x |
Kraken Futures PF_XTZUSD
Bybit XTZUSDT
Binance XTZUSDT
MEXC XTZ_USDT
BloFin XTZ-USDT
Injective XTZ/USDC PERP
Variational Omni XTZ
OKX XTZ-USDT-SWAPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3360 | 0.000% | $620K | $188K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3364 | +0.119% | — | $1.1M | — | as long as short |
KuCoin XTZUSDTM
BingX XTZ-USDT