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

XTZ

all XTZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0064%/8h= −7.0% APRnext payment $0.32 per $10,000 · paid last 24h −0.022%
Price spread now: BingX against Variational Omni−0.295%7-day average −0.130% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.169%+$17 on $10k
Price spread, last 3 days (all we have)+0.413%+$41 · spread now −0.295%, 7d avg −0.130%
Together, before fees+0.582%+ Points / potential airdropVariational Omni: Active · farm board+$58 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.164% cheaper against Variational Omni than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.130%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.169%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni XTZ0.34300.0100pay 0.0050% / 4h1h 31m$123K$296K
ShortBingX XTZ-USDT0.34200.0036get 0.0018% / 4h1h 31m$1.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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
−$13.44
Price spread: −0.295% → −0.130%
−$16.44
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BingX: 5 bp × 2 orders
−$10
Net
−$39.88
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 52 min ago; BingX: live order book, 13 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 52 min ago7.24 bpdoesn't fit126.1 bp −$1,261doesn't fitdoesn't fit
Sell BingX live order book, 13 min ago1.45 bp55.2 bp −$5577.8 bp −$778454.0 bp −$45.4K1121.2 bp −$560.6K

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−0.0592%1h0.3424−0.179%$278K$218K50xas long as short
Injective XTZ/USDC PERP+0.0033%1h0.3484+1.571%$62$17K5.5xas long as short
BingX XTZ-USDTshort+0.0036%4h0.3420−0.295%$1.1M
Binance XTZUSDT+0.0100%4h0.3418−0.353%$4.8M$10.1M75xas long as short
Bybit XTZUSDT+0.0100%4h0.3420−0.295%$2.8M$3.3M75xas long as short
OKX XTZ-USDT-SWAP+0.0100%8h0.3418−0.353%$1.2M$1.4M20xas long as short
Gate XTZ_USDT+0.0100%8h0.3418−0.353%$636K$212K75xas long as short
MEXC XTZ_USDT+0.0100%4h0.3418−0.353%$2.1M$618K100xas long as short
KuCoin XTZUSDTM+0.0100%4h0.3422−0.236%$677K$318K30xas long as short
Bitget XTZUSDT+0.0100%4h0.3424−0.178%$944K$1.2M75xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni XTZlong+0.0100%4h0.3430long leg$123K$296K
BloFin XTZ-USDT+0.0107%4h0.3426−0.120%$282K$97K75xas long as short