Funding you earn now, next payment 08:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.38 per $10,000 · paid last 24h +0.002%
Price spread now: Bybit against Binance−0.018%7-day average +0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$293as in the Funding arb table
Net, price: spread back to 7d avg − costs−$320as in the Price arb table
costs, in and out, $10k−$3123.117% of the position
Funding, last 7 days+0.189%+$19 on $10k
+Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.018%, 7d avg +0.062%
=Funding pays, the price is against you. Bybit is 0.080% cheaper against Binance than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.062%). If the spread goes back, that is −$8 on $10k: about 3.5 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SHELLUSDT | 0.02702 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $2.1M | $2.9M | 10x |
| Short | Bybit SHELLUSDT | 0.02702 | 0.0176 | get 0.0088% / 4h | 2h 32m | $511K | $217K | 13x |
Binance SHELLUSDT
Bybit SHELLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $15.88
- Price spread: −0.018% → +0.062%
- −$8.02
- Slippage, 4 orders
- −$290.66
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$303.81
- Costs to cover
- 3.117%
- Break-even
- 141.0 days
Slippage from Binance: live order book, 2 min ago; Bybit: live order book, 7 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, 2 min ago | 3.67 bp | 39.4 bp −$39 | 189.0 bp −$1,890 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 7 min ago | 9.20 bp | 105.1 bp −$105 | doesn't fit | doesn't fit | doesn't fit |
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 | +0.198% | $1K | $10K | 5x | as long as short |
| Binance SHELLUSDTlong | +0.0100% | 4h | 0.02702 | long leg | $2.1M | $2.9M | 10x | |
| OKX SHELL-USDT-SWAP | +0.0100% | 4h | 0.02714 | +0.426% | $175K | $467K | 10x | as long as short |
| Gate SHELL_USDT | +0.0100% | 4h | 0.02720 | +0.648% | $414K | $207K | 10x | as long as short |
| MEXC SHELL_USDT | +0.0100% | 4h | 0.02700 | −0.092% | $281K | $143K | 50x | as long as short |
| KuCoin SHELLUSDTM | +0.0100% | 4h | 0.02708 | +0.204% | $345K | $34K | 10x | as long as short |
| Variational Omni SHELL | +0.0100% | 4h | 0.02721 | +0.688% | $1K | $1K | — | as long as short |
| Bybit SHELLUSDTshort | +0.0176% | 4h | 0.02702 | −0.018% | $511K | $217K | 13x | |
| BingX SHELL-USDT | +0.0802% | 4h | 0.02707 | +0.167% | — | $6.5M | — | as long as short |
| Bitget SHELLUSDT | +0.0854% | 4h | 0.02706 | +0.130% | $565K | $230K | 10x | as long as short |
Aster SHELLUSDT
OKX SHELL-USDT-SWAP
Gate SHELL_USDT
MEXC SHELL_USDT
KuCoin SHELLUSDTM
Variational Omni SHELL
BingX SHELL-USDT
Bitget SHELLUSDT