Settings8H · net · $10k
Funding arb · Price arb /

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Gate+0.119%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$2272.273% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.213%+$21 on $10k
Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.119%, 7d avg −0.027%
Together, before fees+0.113%+$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.146% dearer against Gate than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.027%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate XTZ_USDT0.33730.0100pay 0.0100% / 8h6h 41m$624K$173K75x
ShortKuCoin XTZUSDTM0.33770.0100get 0.0050% / 4h2h 41m$640K$237K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.119% → −0.027%
$14.59
Slippage, 4 orders
−$200.3
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$212.71
Costs to cover
2.273%
Break-even
never at this rate
Slippage from Gate: live order book, 25 min ago; KuCoin: live order book, 72 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 25 min ago2.96 bp37.2 bp −$37153.6 bp −$1,536doesn't fitdoesn't fit
Sell KuCoin live order book, 72 min ago4.47 bp64.2 bp −$64369.9 bp −$3,699doesn't fitdoesn't fit

XTZ on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective XTZ/USDC PERP+0.0033%1h0.3484+3.291%$62$17K5.5xas long as short
Kraken Futures PF_XTZUSD+0.0075%1h0.3375+0.063%$269K$247K50xas long as short
Binance XTZUSDT+0.0100%4h0.3372−0.024%$4.7M$10.6M75xas long as short
Bybit XTZUSDT+0.0100%4h0.3374+0.030%$2.7M$3.3M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.33730.000%$1.2M$1.4M20xas long as short
Gate XTZ_USDTlong+0.0100%8h0.3373long leg$624K$173K75x
MEXC XTZ_USDT+0.0100%4h0.3372−0.030%$2.0M$645K100xas long as short
KuCoin XTZUSDTMshort+0.0100%4h0.3377+0.119%$640K$237K30x
Bitget XTZUSDT+0.0100%4h0.3371−0.059%$910K$1.1M75xas long as short
BingX XTZ-USDT+0.0100%4h0.3372−0.030%$1.1Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XTZ+0.0100%4h0.3371−0.045%$121K$296Kas long as short
BloFin XTZ-USDT+0.0115%4h0.3385+0.356%$279K$117K75xas long as short