Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.034%
Price spread now: Bybit against Gate−0.059%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1661.663% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.059%, 7d avg −0.014%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.046% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XTZ_USDT | 0.3369 | 0.0100 | pay 0.0100% / 8h | 6h 25m | $623K | $174K | 75x |
| Short | Bybit XTZUSDT | 0.3367 | 0.0100 | get 0.0050% / 4h | 2h 25m | $2.7M | $3.3M | 75x |
Gate XTZ_USDT
Bybit XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.059% → −0.014%
- −$4.57
- Slippage, 4 orders
- −$140.33
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$170.9
- Costs to cover
- 1.663%
- Break-even
- never at this rate
Slippage from Gate: live order book, 41 min ago; Bybit: 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 Gate live order book, 41 min ago | 2.96 bp | 37.2 bp −$37 | 153.6 bp −$1,536 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.96 bp | 34.3 bp −$34 | 79.8 bp −$798 | doesn't fit | doesn't fit |
XTZ on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.413% | $62 | $17K | 5.5x | as long as short |
| Kraken Futures PF_XTZUSD | +0.0075% | 1h | 0.3376 | +0.200% | $270K | $246K | 50x | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3367 | −0.049% | $4.7M | $10.5M | 75x | as long as short |
| Bybit XTZUSDTshort | +0.0100% | 4h | 0.3367 | −0.059% | $2.7M | $3.3M | 75x | |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3368 | −0.030% | $1.2M | $1.4M | 20x | as long as short |
| Gate XTZ_USDTlong | +0.0100% | 8h | 0.3369 | long leg | $623K | $174K | 75x | |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3368 | −0.030% | $2.1M | $661K | 100x | as long as short |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3371 | +0.059% | $633K | $226K | 30x | as long as short |
| Bitget XTZUSDT | +0.0100% | 4h | 0.3372 | +0.089% | $916K | $1.1M | 75x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3366 | −0.089% | — | $1.1M | — | as long as short |
Injective XTZ/USDC PERP
Kraken Futures PF_XTZUSD
Binance XTZUSDT
OKX XTZ-USDT-SWAP
MEXC XTZ_USDT
KuCoin XTZUSDTM
Bitget XTZUSDT
BingX XTZ-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3373 | +0.117% | $85K | $331K | — | as long as short |
Variational Omni XTZ