Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.028%
Price spread now: MEXC against KuCoin+0.059%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1401.396% of the position
Funding, last 7 days−0.265%−$27 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.059%, 7d avg −0.039%
=The price spread pays, funding is against you. MEXC is 0.098% dearer against KuCoin than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.039%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.265% in total) that is about 2.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XTZUSDTM | 0.3366 | 0.0100 | pay 0.0050% / 4h | 54m 47s | $619K | $192K | 30x |
| Short | MEXC XTZ_USDT | 0.3368 | 0.0070 | get 0.0035% / 4h | 54m 47s | $2.1M | $703K | 100x |
KuCoin XTZUSDTM
MEXC XTZ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$6.3
- Price spread: +0.059% → −0.039%
- $9.83
- Slippage, 4 orders
- −$123.64
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$136.11
- Costs to cover
- 1.396%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 59 min ago; MEXC: 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 KuCoin live order book, 59 min ago | 4.46 bp | 64.9 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.49 bp | 4.7 bp −$5 | 29.6 bp −$296 | 131.0 bp −$13.1K | 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 | −0.0353% | 1h | 0.3368 | +0.072% | $281K | $272K | 50x | as long as short |
| Bybit XTZUSDT | −0.0233% | 4h | 0.3368 | +0.059% | $2.7M | $2.6M | 75x | as long as short |
| Bitget XTZUSDT | −0.0218% | 4h | 0.3368 | +0.059% | $903K | $854K | 75x | as long as short |
| Variational Omni XTZ | −0.0183% | 4h | 0.3350 | −0.464% | $101K | $298K | — | as long as short |
| BloFin XTZ-USDT | +0.0012% | 4h | 0.3359 | −0.208% | $277K | $95K | 75x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +3.506% | $62 | $17K | 5.5x | as long as short |
| Binance XTZUSDT | +0.0066% | 4h | 0.3369 | +0.099% | $4.6M | $9.6M | 75x | as long as short |
| MEXC XTZ_USDTshort | +0.0070% | 4h | 0.3368 | +0.059% | $2.1M | $703K | 100x | |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3365 | −0.030% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3366 | 0.000% | $618K | $164K | 75x | as long as short |
Kraken Futures PF_XTZUSD
Bybit XTZUSDT
Bitget XTZUSDT
Variational Omni XTZ
BloFin XTZ-USDT
Injective XTZ/USDC PERP
Binance XTZUSDT
OKX XTZ-USDT-SWAP
Gate XTZ_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XTZUSDTMlong | +0.0100% | 4h | 0.3366 | long leg | $619K | $192K | 30x | |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3366 | 0.000% | — | $1.1M | — | as long as short |
BingX XTZ-USDT