Funding you earn now, next payment 08:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h +0.007%
Price spread now: Bitget against BingX−0.037%7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$252as in the Funding arb table
Net, price: spread back to 7d avg − costs−$247as in the Price arb table
costs, in and out, $10k−$2362.357% of the position
Funding, last 7 days−0.162%−$16 on $10k
+Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.037%, 7d avg +0.079%
=Funding pays, the price is against you. Bitget is 0.116% cheaper against BingX than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.079%). If the spread goes back, that is −$12 on $10k: about 7.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.162%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SHELL-USDT | 0.02707 | 0.0802 | pay 0.0401% / 4h | 2h 32m | — | $6.5M | — |
| Short | Bitget SHELLUSDT | 0.02706 | 0.0854 | get 0.0427% / 4h | 2h 32m | $565K | $230K | 10x |
BingX SHELL-USDT
Bitget SHELLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $10.92
- Price spread: −0.037% → +0.079%
- −$11.58
- Slippage, 4 orders
- −$213.73
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$236.39
- Costs to cover
- 2.357%
- Break-even
- 158.5 days
Slippage from BingX: live order book, 3 min ago; Bitget: live order book, 12 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, 3 min ago | 7.32 bp | 34.1 bp −$34 | 164.5 bp −$1,645 | 692.1 bp −$69.2K | 868.5 bp −$434.3K |
| Sell Bitget live order book, 12 min ago | 3.63 bp | 83.8 bp −$84 | 351.1 bp −$3,511 | 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 | +0.030% | $1K | $10K | 5x | as long as short |
| Binance SHELLUSDT | +0.0100% | 4h | 0.02702 | −0.167% | $2.1M | $2.9M | 10x | as long as short |
| OKX SHELL-USDT-SWAP | +0.0100% | 4h | 0.02714 | +0.259% | $175K | $467K | 10x | as long as short |
| Gate SHELL_USDT | +0.0100% | 4h | 0.02720 | +0.480% | $414K | $207K | 10x | as long as short |
| MEXC SHELL_USDT | +0.0100% | 4h | 0.02700 | −0.259% | $281K | $143K | 50x | as long as short |
| KuCoin SHELLUSDTM | +0.0100% | 4h | 0.02708 | +0.037% | $345K | $34K | 10x | as long as short |
| Variational Omni SHELL | +0.0100% | 4h | 0.02721 | +0.520% | $1K | $1K | — | as long as short |
| Bybit SHELLUSDT | +0.0176% | 4h | 0.02702 | −0.185% | $511K | $217K | 13x | as long as short |
| BingX SHELL-USDTlong | +0.0802% | 4h | 0.02707 | long leg | — | $6.5M | — | |
| Bitget SHELLUSDTshort | +0.0854% | 4h | 0.02706 | −0.037% | $565K | $230K | 10x |
Aster SHELLUSDT
Binance SHELLUSDT
OKX SHELL-USDT-SWAP
Gate SHELL_USDT
MEXC SHELL_USDT
KuCoin SHELLUSDTM
Variational Omni SHELL
Bybit SHELLUSDT