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

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against OKX+0.118%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1811.813% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.044%+$4 on $10k
Price spread, last 4 days (all we have)−0.239%−$24 · spread now +0.118%, 7d avg +0.035%
Together, before fees−0.194%−$19 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 0.083% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX XTZ-USDT-SWAP0.33960.0100pay 0.0100% / 8h1h 25m$1.2M$1.4M20x
ShortGate XTZ_USDT0.34000.0100get 0.0100% / 8h1h 25m$632K$215K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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: +0.118% → +0.035%
$8.25
Slippage, 4 orders
−$156.34
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$173.09
Costs to cover
1.813%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Gate: live order book, 55 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 OKX live order book, 1 min ago2.94 bp33.7 bp −$34278.0 bp −$2,780doesn't fitdoesn't fit
Sell Gate live order book, 55 min ago8.70 bp54.3 bp −$54128.0 bp −$1,280doesn'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
Kraken Futures PF_XTZUSD−0.0595%1h0.3406+0.289%$277K$219K50xas long as short
Injective XTZ/USDC PERP+0.0033%1h0.3484+2.591%$62$17K5.5xas long as short
BingX XTZ-USDT+0.0036%4h0.3401+0.147%$1.1Mas long as short
BloFin XTZ-USDT+0.0059%4h0.3416+0.589%$284K$97K75xas long as short
Binance XTZUSDT+0.0100%4h0.3397+0.029%$4.8M$10.1M75xas long as short
Bybit XTZUSDT+0.0100%4h0.3397+0.029%$2.8M$3.3M75xas long as short
OKX XTZ-USDT-SWAPlong+0.0100%8h0.3396long leg$1.2M$1.4M20x
Gate XTZ_USDTshort+0.0100%8h0.3400+0.118%$632K$215K75x
MEXC XTZ_USDT+0.0100%4h0.3397+0.029%$2.1M$626K100xas long as short
KuCoin XTZUSDTM+0.0100%4h0.3398+0.059%$672K$319K30xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget XTZUSDT+0.0100%4h0.3400+0.118%$943K$1.2M75xas long as short
Variational Omni XTZ+0.0100%4h0.3416+0.576%$122K$296Kas long as short