Funding arb · Price arb /

XTZ

all XTZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.028%

Price spread now: Gate against MEXC0.000%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1051.050% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now 0.000%, 7d avg +0.067%

Together, before fees+0.074%+$7 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: Gate is 0.067% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XTZ_USDT	0.3377	0.0100	pay 0.0050% / 4h	3h 35m	$2.0M	$640K	100x
Short	Gate XTZ_USDT	0.3377	0.0100	get 0.0100% / 8h	7h 35m	$625K	$200K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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

Position, each leg$Hold fordaysFee MEXCbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.067%: −$6.7
Slippage, 4 orders: −$85.98
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$111.68
Costs to cover: 1.050%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Gate: live order book, 36 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	1.48 bp	3.9 bp −$4	33.8 bp −$338	131.3 bp −$13.1K	doesn't fit
Sell Gate live order book, 36 min ago	2.94 bp	50.9 bp −$51	129.3 bp −$1,293	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	−0.0177%	1h	0.3383	+0.176%	$267K	$241K	50x	as long as short
Injective XTZ/USDC PERP	+0.0033%	1h	0.3484	+3.168%	$62	$17K	5.5x	as long as short
Binance XTZUSDT	+0.0100%	4h	0.3375	−0.059%	$4.8M	$10.5M	75x	as long as short
Bybit XTZUSDT	+0.0100%	4h	0.3377	0.000%	$2.7M	$3.4M	75x	as long as short
OKX XTZ-USDT-SWAP	+0.0100%	8h	0.3377	0.000%	$1.2M	$1.4M	20x	as long as short
Gate XTZ_USDTshort	+0.0100%	8h	0.3377	0.000%	$625K	$200K	75x
MEXC XTZ_USDTlong	+0.0100%	4h	0.3377	long leg	$2.0M	$640K	100x
KuCoin XTZUSDTM	+0.0100%	4h	0.3382	+0.148%	$644K	$338K	30x	as long as short
Bitget XTZUSDT	+0.0100%	4h	0.3373	−0.118%	$907K	$1.2M	75x	as long as short
BingX XTZ-USDT	+0.0100%	4h	0.3377	0.000%	—	$1.1M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni XTZ	+0.0100%	4h	0.3382	+0.147%	$121K	$296K	—	as long as short
BloFin XTZ-USDT	+0.0152%	4h	0.3374	−0.089%	$279K	$97K	75x	as long as short