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

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against OKX+0.175%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$184as in the Price arb table
costs, in and out, $10k−$2012.009% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.257%+$26 on $10k
Price spread, last 4 days (all we have)−0.466%−$47 · spread now +0.175%, 7d avg +0.008%
Together, before fees−0.209%−$21 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: KuCoin is 0.168% dearer against OKX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX XTZ-USDT-SWAP0.34190.0100pay 0.0100% / 8h5h 28m$1.2M$1.3M20x
ShortKuCoin XTZUSDTM0.34250.0100get 0.0050% / 4h1h 28m$639K$189K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.175% → +0.008%
$16.76
Slippage, 4 orders
−$178.89
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$184.13
Costs to cover
2.009%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 70 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, 3 min ago2.92 bp32.0 bp −$32doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 70 min ago5.94 bp73.3 bp −$73566.8 bp −$5,668doesn'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−0.0570%1h0.3428+0.256%$285K$242K50xas long as short
Injective XTZ/USDC PERP+0.0033%1h0.3484+1.901%$62$17K5.5xas long as short
BloFin XTZ-USDT+0.0086%4h0.3423+0.117%$281K$97K75xas long as short
Binance XTZUSDT+0.0100%4h0.3418−0.022%$4.8M$9.6M75xas long as short
Bybit XTZUSDT+0.0100%4h0.34190.000%$2.7M$2.9M75xas long as short
OKX XTZ-USDT-SWAPlong+0.0100%8h0.3419long leg$1.2M$1.3M20x
Gate XTZ_USDT+0.0100%8h0.3421+0.058%$634K$171K75xas long as short
MEXC XTZ_USDT+0.0100%4h0.34190.000%$2.1M$648K100xas long as short
KuCoin XTZUSDTMshort+0.0100%4h0.3425+0.175%$639K$189K30x
Bitget XTZUSDT+0.0100%4h0.3423+0.117%$923K$934K75xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX XTZ-USDT+0.0100%4h0.3418−0.029%$1.1Mas long as short
Variational Omni XTZ+0.0100%4h0.3424+0.155%$86K$331Kas long as short