Funding you earn now, next payment 04:00 UTC+0.0044%/8h= +4.9% APRnext payment +$0.22 per $10,000 · paid last 24h +0.004%
Price spread now: BloFin against MEXC−0.467%94s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.751%+$75 · spread now −0.467%, 7d avg +0.002%
=Funding pays, the price is against you. BloFin is 0.469% cheaper against MEXC than usual: you would sell low and buy high (spread −0.467% now, against its 7-day average of +0.002%). If the spread goes back, that is −$47 on $10k: about 35 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (0.000% in total) that is about years. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC XTZ_USDT | 0.3426 | 0.0100 | pay 0.0050% / 4h | 1h 29m | $2.1M | $647K | 100x |
| Short | BloFin XTZ-USDT | 0.3410 | 0.0144 | get 0.0072% / 4h | 1h 29m | $281K | $96K | 75x |
MEXC XTZ_USDT
BloFin XTZ-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- $9.3
- Price spread: −0.467% → +0.002%
- −$46.88
- Slippage, 4 orders
- −$23.76
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$77.33
- Costs to cover
- 0.398%
- Break-even
- 65.2 days
Slippage from MEXC: live order book, 2 min ago; BloFin: live order book, 10 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 MEXC live order book, 2 min ago | 1.46 bp | 3.7 bp −$4 | 27.5 bp −$275 | 140.0 bp −$14.0K | doesn't fit |
| Sell BloFin live order book, 10 min ago | 1.47 bp | 15.9 bp −$16 | 42.8 bp −$428 | 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 | −0.0570% | 1h | 0.3431 | +0.150% | $285K | $242K | 50x | as long as short |
| Injective XTZ/USDC PERP | +0.0033% | 1h | 0.3484 | +1.693% | $62 | $17K | 5.5x | as long as short |
| Binance XTZUSDT | +0.0100% | 4h | 0.3422 | −0.108% | $4.8M | $9.6M | 75x | as long as short |
| Bybit XTZUSDT | +0.0100% | 4h | 0.3423 | −0.088% | $2.7M | $2.9M | 75x | as long as short |
| OKX XTZ-USDT-SWAP | +0.0100% | 8h | 0.3421 | −0.146% | $1.2M | $1.3M | 20x | as long as short |
| Gate XTZ_USDT | +0.0100% | 8h | 0.3427 | +0.029% | $635K | $171K | 75x | as long as short |
| MEXC XTZ_USDTlong | +0.0100% | 4h | 0.3426 | long leg | $2.1M | $647K | 100x | |
| KuCoin XTZUSDTM | +0.0100% | 4h | 0.3430 | +0.117% | $640K | $189K | 30x | as long as short |
| Bitget XTZUSDT | +0.0100% | 4h | 0.3424 | −0.058% | $923K | $939K | 75x | as long as short |
| BingX XTZ-USDT | +0.0100% | 4h | 0.3420 | −0.175% | — | $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
KuCoin XTZUSDTM
Bitget XTZUSDT
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 | 0.3424 | −0.050% | $86K | $331K | — | as long as short |
| BloFin XTZ-USDTshort | +0.0144% | 4h | 0.3410 | −0.467% | $281K | $96K | 75x |
Variational Omni XTZ