Funding you earn now, next payment 08:00 UTC−0.0754%/8h= −82.6% APRnext payment −$3.77 per $10,000 · paid last 24h −0.150%
Price spread now: Binance against Bitget−0.130%7-day average −0.147% · you buy dearer than you sell
Net, funding: paid 7d − costs−$261as in the Funding arb table
Net, price: spread back to 7d avg − costs−$240as in the Price arb table
costs, in and out, $10k−$2412.413% of the position
Funding, last 7 days−0.199%−$20 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.130%, 7d avg −0.147%
=The price spread sits at its 7-day average of −0.147%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.199% in total (about -10.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.77 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 | Bitget SHELLUSDT | 0.02706 | 0.0854 | pay 0.0427% / 4h | 2h 32m | $565K | $230K | 10x |
| Short | Binance SHELLUSDT | 0.02702 | 0.0100 | get 0.0050% / 4h | 2h 32m | $2.1M | $2.9M | 10x |
Bitget SHELLUSDT
Binance SHELLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$158.34
- Price spread: −0.130% → −0.147%
- $1.71
- Slippage, 4 orders
- −$219.25
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$397.88
- Costs to cover
- 2.413%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 12 min ago; Binance: live order book, 2 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 Bitget live order book, 12 min ago | 3.63 bp | 79.3 bp −$79 | 370.2 bp −$3,702 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 3.67 bp | 38.8 bp −$39 | 244.0 bp −$2,440 | 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 | +0.067% | $1K | $10K | 5x | as long as short |
| Binance SHELLUSDTshort | +0.0100% | 4h | 0.02702 | −0.130% | $2.1M | $2.9M | 10x | |
| OKX SHELL-USDT-SWAP | +0.0100% | 4h | 0.02714 | +0.296% | $175K | $467K | 10x | as long as short |
| Gate SHELL_USDT | +0.0100% | 4h | 0.02720 | +0.517% | $414K | $207K | 10x | as long as short |
| MEXC SHELL_USDT | +0.0100% | 4h | 0.02700 | −0.222% | $281K | $143K | 50x | as long as short |
| KuCoin SHELLUSDTM | +0.0100% | 4h | 0.02708 | +0.074% | $345K | $34K | 10x | as long as short |
| Variational Omni SHELL | +0.0100% | 4h | 0.02721 | +0.557% | $1K | $1K | — | as long as short |
| Bybit SHELLUSDT | +0.0176% | 4h | 0.02702 | −0.148% | $511K | $217K | 13x | as long as short |
| BingX SHELL-USDT | +0.0802% | 4h | 0.02707 | +0.037% | — | $6.5M | — | as long as short |
| Bitget SHELLUSDTlong | +0.0854% | 4h | 0.02706 | long leg | $565K | $230K | 10x |
Aster SHELLUSDT
OKX SHELL-USDT-SWAP
Gate SHELL_USDT
MEXC SHELL_USDT
KuCoin SHELLUSDTM
Variational Omni SHELL
Bybit SHELLUSDT
BingX SHELL-USDT