Funding you earn now, next payment 08:00 UTC−0.1003%/8h= −109.8% APRnext payment −$5.01 per $10,000 · paid last 24h −0.143%
Price spread now: Binance against BingX−0.096%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1621.625% of the position
Funding, last 7 days−0.360%−$36 on $10k
+Price spread, last 7 days+0.055%+$5 · spread now −0.096%, 7d avg −0.058%
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Binance is 0.039% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.058%). Swap the legs.
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 −$5.01 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 | BingX SHELL-USDT | 0.02705 | 0.1130 | pay 0.0565% / 4h | 1h 49m | — | $6.5M | — |
| Short | Binance SHELLUSDT | 0.02702 | 0.0127 | get 0.0064% / 4h | 1h 49m | $2.1M | $2.9M | 10x |
BingX SHELL-USDT
Binance SHELLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- −$210.53
- Price spread: −0.096% → −0.058%
- −$3.87
- Slippage, 4 orders
- −$142.47
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$376.87
- Costs to cover
- 1.625%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Binance: live order book, 1 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 BingX live order book, 2 min ago | 9.25 bp | 37.5 bp −$38 | 169.1 bp −$1,691 | 666.9 bp −$66.7K | 845.3 bp −$422.7K |
| Sell Binance live order book, 1 min ago | 1.85 bp | 43.5 bp −$44 | 257.4 bp −$2,574 | 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 | 0.02699 | −0.221% | $1K | $10K | 5x | as long as short |
| OKX SHELL-USDT-SWAP | +0.0100% | 4h | 0.02711 | +0.222% | $171K | $462K | 10x | as long as short |
| Gate SHELL_USDT | +0.0100% | 4h | 0.02708 | +0.111% | $411K | $207K | 10x | as long as short |
| KuCoin SHELLUSDTM | +0.0100% | 4h | 0.02704 | −0.037% | $342K | $35K | 10x | as long as short |
| Variational Omni SHELL | +0.0100% | 4h | 0.02693 | −0.442% | $1K | $1K | — | as long as short |
| MEXC SHELL_USDT | +0.0126% | 4h | 0.02700 | −0.185% | $280K | $143K | 50x | as long as short |
| Binance SHELLUSDTshort | +0.0127% | 4h | 0.02702 | −0.096% | $2.1M | $2.9M | 10x | |
| Bybit SHELLUSDT | +0.0562% | 4h | 0.02701 | −0.148% | $509K | $216K | 13x | as long as short |
| BingX SHELL-USDTlong | +0.1130% | 4h | 0.02705 | long leg | — | $6.5M | — | |
| Bitget SHELLUSDT | +0.1220% | 4h | 0.02706 | +0.037% | $568K | $247K | 10x | as long as short |
Aster SHELLUSDT
OKX SHELL-USDT-SWAP
Gate SHELL_USDT
KuCoin SHELLUSDTM
Variational Omni SHELL
MEXC SHELL_USDT
Bybit SHELLUSDT
Bitget SHELLUSDT