Funding you earn now, next payment 05:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.077%
Price spread now: Kraken Futures against Gate+0.109%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1451.450% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 4 days (all we have)+0.105%+$10 · spread now +0.109%, 7d avg +0.120%
=The price spread sits at its 7-day average of +0.120%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate XTZ_USDT | 0.3406 | 0.0100 | pay 0.0100% / 8h | 3h 25m | $630K | $165K | 75x |
| Short | Kraken Futures PF_XTZUSD | 0.3410 | 0.0116 | get 0.0015% / 1h | 25m 54s | $276K | $263K | 50x |
Gate XTZ_USDT
Kraken Futures PF_XTZUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $3.46
- Price spread: +0.109% → +0.120%
- −$1.07
- Slippage, 4 orders
- −$120
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$142.6
- Costs to cover
- 1.450%
- Break-even
- 295.1 days
Slippage from Gate: live order book, 25 min ago; Kraken Futures: live order book, 27 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, 25 min ago | 4.38 bp | 43.5 bp −$43 | 144.3 bp −$1,443 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 27 min ago | 5.82 bp | 23.9 bp −$24 | 80.3 bp −$803 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget XTZUSDT | −0.0070% | 4h | 0.3404 | −0.059% | $918K | $934K | 75x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +2.290% | $62 | $17K | 5.5x | as long as short |
| Binance XTZUSDT | +0.0083% | 4h | 0.3402 | −0.105% | $4.7M | $9.7M | 75x | as long as short |
| MEXC XTZ_USDT | +0.0090% | 4h | 0.3404 | −0.059% | $2.1M | $679K | 100x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3407 | +0.029% | $2.7M | $2.8M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3405 | −0.029% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDTlong | +0.0100% | 8h | 0.3406 | long leg | $630K | $165K | 75x | |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3405 | −0.029% | $626K | $193K | 30x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3404 | −0.059% | — | $1.1M | — | as long as short |
| Variational Omni XTZ | +0.0100% | 4h | 0.3405 | −0.018% | $86K | $331K | — | as long as short |
Bitget XTZUSDT
Injective XTZ/USDC PERP
Binance XTZUSDT
MEXC XTZ_USDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
KuCoin XTZUSDTM
BingX XTZ-USDT
Variational Omni XTZShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XTZUSDshort | +0.0116% | 1h | 0.3410 | +0.109% | $276K | $263K | 50x | |
| BloFin XTZ-USDT | +0.0130% | 4h | 0.3411 | +0.147% | $279K | $96K | 75x | as long as short |
BloFin XTZ-USDT