Funding you earn now, next payment 08:00 UTC+0.0702%/8h= +76.9% APRnext payment +$3.51 per $10,000 · paid last 24h +0.143%
Price spread now: BingX against Binance+0.098%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1511.509% of the position
Funding, last 7 days+0.360%+$36 on $10k
+Price spread, last 7 days−0.057%−$6 · spread now +0.098%, 7d avg +0.058%
=Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and BingX is 0.041% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.058%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.360% in total (about 18.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SHELLUSDT | 0.02704 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $2.1M | $2.9M | 10x |
| Short | BingX SHELL-USDT | 0.02707 | 0.0802 | get 0.0401% / 4h | 2h 32m | — | $6.5M | — |
Binance SHELLUSDT
BingX SHELL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- $147.42
- Price spread: +0.098% → +0.058%
- $4.07
- Slippage, 4 orders
- −$130.9
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $0.59
- Costs to cover
- 1.509%
- Break-even
- 7.0 days
Slippage from Binance: live order book, 3 min ago; BingX: live order book, 3 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 Binance live order book, 3 min ago | 3.67 bp | 39.4 bp −$39 | 189.0 bp −$1,890 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 7.32 bp | 38.6 bp −$39 | 186.6 bp −$1,866 | 663.8 bp −$66.4K | 844.6 bp −$422.3K |
SHELL on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster SHELLUSDT | +0.0100% | 4h | 0.02708 | +0.123% | $1K | $10K | 5x | as long as short |
| Binance SHELLUSDTlong | +0.0100% | 4h | 0.02704 | long leg | $2.1M | $2.9M | 10x | |
| OKX SHELL-USDT-SWAP | +0.0100% | 4h | 0.02714 | +0.357% | $175K | $467K | 10x | as long as short |
| Gate SHELL_USDT | +0.0100% | 4h | 0.02720 | +0.579% | $414K | $207K | 10x | as long as short |
| MEXC SHELL_USDT | +0.0100% | 4h | 0.02700 | −0.161% | $281K | $143K | 50x | as long as short |
| KuCoin SHELLUSDTM | +0.0100% | 4h | 0.02708 | +0.135% | $345K | $34K | 10x | as long as short |
| Variational Omni SHELL | +0.0100% | 4h | 0.02721 | +0.619% | $1K | $1K | — | as long as short |
| Bybit SHELLUSDT | +0.0176% | 4h | 0.02701 | −0.124% | $511K | $217K | 13x | as long as short |
| BingX SHELL-USDTshort | +0.0802% | 4h | 0.02707 | +0.098% | — | $6.5M | — | |
| Bitget SHELLUSDT | +0.0854% | 4h | 0.02710 | +0.209% | $565K | $230K | 10x | as long as short |
Aster SHELLUSDT
OKX SHELL-USDT-SWAP
Gate SHELL_USDT
MEXC SHELL_USDT
KuCoin SHELLUSDTM
Variational Omni SHELL
Bybit SHELLUSDT
Bitget SHELLUSDT