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

SHELL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Binance+0.225%7-day average +0.146% · you sell dearer than you buy
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 7 days−0.017%−$2 on $10k
Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.225%, 7d avg +0.146%
Together, before fees+0.040%+$4 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 0.079% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.146%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SHELLUSDT0.027380.0100pay 0.0050% / 4h8m 51s$2.2M$2.8M10x
ShortGate SHELL_USDT0.027440.0100get 0.0050% / 4h8m 51s$415K$201K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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: +0.225% → +0.146%
$7.9
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$17.1
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 12 min ago; Gate: live order book, 47 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 Binance live order book, 12 min ago3.67 bp41.1 bp −$41386.7 bp −$3,867doesn't fitdoesn't fit
Sell Gate live order book, 47 min ago9.14 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

SHELL on 10 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
Aster SHELLUSDT+0.0100%4h0.02740+0.084%$2K$10K5xas long as short
Binance SHELLUSDTlong+0.0100%4h0.02738long leg$2.2M$2.8M10x
Bybit SHELLUSDT+0.0100%4h0.02739+0.042%$517K$201K13xas long as short
OKX SHELL-USDT-SWAP+0.0100%4h0.02737−0.031%$175K$444K10xas long as short
Gate SHELL_USDTshort+0.0100%4h0.02744+0.225%$415K$201K10x
MEXC SHELL_USDT+0.0100%4h0.02739+0.042%$300K$145K50xas long as short
KuCoin SHELLUSDTM+0.0100%4h0.02739+0.042%$350K$35K10xas long as short
Variational Omni SHELL+0.0100%4h0.02748+0.371%$1K$1Kas long as short
BingX SHELL-USDT+0.0654%4h0.02740+0.079%$6.5Mas long as short
Bitget SHELLUSDT+0.0716%4h0.02742+0.152%$573K$222K10xas long as short