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Funding arb · Price arb /

SHELL

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Alert: funding
Measured
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Alert: spread
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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: Gate against Bitget+0.517%7-day average −0.001% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BitgetShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days−0.216%−$22 on $10k
Price spread, last 4 days (all we have)−0.552%−$55 · spread now +0.517%, 7d avg −0.001%
Together, before fees−0.768%−$77 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.518% dearer against Bitget than usual: you sell high and buy low (spread +0.517% now, against its 7-day average of −0.001%): +$52 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.216% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.216% in total (about -11.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SHELLUSDT0.027060.0854pay 0.0427% / 4h2h 32m$565K$230K10x
ShortGate SHELL_USDT0.027200.0100get 0.0050% / 4h2h 32m$414K$207K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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
−$158.34
Price spread: +0.517% → −0.001%
$51.79
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$133.55
Costs to cover
0.270%
Break-even
from the start
Slippage unknown: Bitget: live order book, 12 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 12 min ago3.63 bp79.3 bp −$79370.2 bp −$3,702doesn't fitdoesn't fit
Sell Gate live order book, 13 min ago7.29 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%4h0.02708+0.067%$1K$10K5xas long as short
Binance SHELLUSDT+0.0100%4h0.02702−0.130%$2.1M$2.9M10xas long as short
OKX SHELL-USDT-SWAP+0.0100%4h0.02714+0.296%$175K$467K10xas long as short
Gate SHELL_USDTshort+0.0100%4h0.02720+0.517%$414K$207K10x
MEXC SHELL_USDT+0.0100%4h0.02700−0.222%$281K$143K50xas long as short
KuCoin SHELLUSDTM+0.0100%4h0.02708+0.074%$345K$34K10xas long as short
Variational Omni SHELL+0.0100%4h0.02721+0.557%$1K$1K—as long as short
Bybit SHELLUSDT+0.0176%4h0.02702−0.148%$511K$217K13xas long as short
BingX SHELL-USDT+0.0802%4h0.02707+0.037%—$6.5M—as long as short
Bitget SHELLUSDTlong+0.0854%4h0.02706long leg$565K$230K10x