Funding you earn now, next payment 04:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.028%
Price spread now: Bitget against KuCoin−0.029%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1611.610% of the position
Funding, last 7 days−0.322%−$32 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.029%, 7d avg −0.004%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.025% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.004%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XTZUSDTM | 0.3423 | 0.0100 | pay 0.0050% / 4h | 19m 37s | $627K | $191K | 30x |
| Short | Bitget XTZUSDT | 0.3422 | 0.0042 | get 0.0021% / 4h | 19m 37s | $923K | $938K | 75x |
KuCoin XTZUSDTM
Bitget XTZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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
- −$12.18
- Price spread: −0.029% → −0.004%
- −$2.51
- Slippage, 4 orders
- −$136.96
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$175.65
- Costs to cover
- 1.610%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 64 min ago; Bitget: live order book, 41 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 KuCoin live order book, 64 min ago | 4.37 bp | 59.7 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 41 min ago | 4.41 bp | 21.6 bp −$22 | 68.8 bp −$688 | 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 | −0.0159% | 1h | 0.3428 | +0.157% | $283K | $251K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.782% | $62 | $17K | 5.5x | as long as short |
| Bitget XTZUSDTshort | +0.0042% | 4h | 0.3422 | −0.029% | $923K | $938K | 75x | |
| Binance XTZUSDT | +0.0100% | 4h | 0.3423 | +0.003% | $4.7M | $9.7M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3422 | −0.029% | $2.7M | $2.8M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3422 | −0.029% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3424 | +0.029% | $635K | $168K | 75x | as long as short |
| MEXC XTZ_USDT | +0.0100% | 4h | 0.3423 | 0.000% | $2.1M | $670K | 100x | as long as short |
| KuCoin XTZUSDTMlong | +0.0100% | 4h | 0.3423 | long leg | $627K | $191K | 30x | |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3423 | 0.000% | — | $1.1M | — | as long as short |
Kraken Futures PF_XTZUSD
Injective XTZ/USDC PERP
Binance XTZUSDT
Bybit XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDT
MEXC XTZ_USDT
BingX XTZ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XTZ | +0.0100% | 4h | 0.3414 | −0.252% | $86K | $331K | — | as long as short |
| BloFin XTZ-USDT | +0.0116% | 4h | 0.3413 | −0.292% | $282K | $96K | 75x | as long as short |
Variational Omni XTZ
BloFin XTZ-USDT