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: Gate against BingX+0.480%7-day average +0.078% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.378%−$38 on $10k
+Price spread, last 4 days (all we have)−0.503%−$50 · spread now +0.480%, 7d avg +0.078%
=The price spread pays, funding is against you. Gate is 0.402% dearer against BingX than usual: you sell high and buy low (spread +0.480% now, against its 7-day average of +0.078%): +$40 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−0.378% in total) that is about 7.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.378% in total (about -19.7% 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 | BingX SHELL-USDT | 0.02707 | 0.0802 | pay 0.0401% / 4h | 2h 32m | — | $6.5M | — |
| Short | Gate SHELL_USDT | 0.02720 | 0.0100 | get 0.0050% / 4h | 2h 32m | $414K | $207K | 10x |
BingX SHELL-USDT
Gate SHELL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$147.42
- Price spread: +0.480% → +0.078%
- $40.2
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$132.22
- Costs to cover
- 0.250%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 3 min ago; Gate: live order book, 13 min ago. Net counts fees only.
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 Gate live order book, 13 min ago | 7.29 bp | doesn't fit | 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 | +0.030% | $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_USDTshort | +0.0100% | 4h | 0.02720 | +0.480% | $414K | $207K | 10x | |
| 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 SHELLUSDT | +0.0854% | 4h | 0.02706 | −0.037% | $565K | $230K | 10x | as long as short |
Aster SHELLUSDT
Binance SHELLUSDT
OKX SHELL-USDT-SWAP
MEXC SHELL_USDT
KuCoin SHELLUSDTM
Variational Omni SHELL
Bybit SHELLUSDT
Bitget SHELLUSDT