SHELL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0678%/8h= +74.3% APRnext payment +$3.39 per $10,000 · paid last 24h +0.148%

Price spread now: Bitget against Bybit+0.148%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$396as in the Funding arb table

Net, price: spread back to 7d avg − costs−$390as in the Price arb table

costs, in and out, $10k−$3963.965% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.148%, 7d avg +0.085%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Bitget is 0.063% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.085%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.39 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	Bybit SHELLUSDT	0.02702	0.0176	pay 0.0088% / 4h	2h 32m	$511K	$217K	13x
Short	Bitget SHELLUSDT	0.02706	0.0854	get 0.0427% / 4h	2h 32m	$565K	$230K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee BitgetbpOrdersPrice spread, now +0.148%Rate

Funding earned: $142.46
Price spread: +0.148% → +0.085%: $6.33
Slippage, 4 orders: −$373.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$247.7
Costs to cover: 3.965%
Break-even: 19.2 days

Slippage from Bybit: live order book, 7 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 Bybit live order book, 7 min ago	9.20 bp	128.3 bp −$128	doesn't fit	doesn't fit	doesn't fit
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	+0.216%	$1K	$10K	5x	as long as short
Binance SHELLUSDT	+0.0100%	4h	0.02702	+0.018%	$2.1M	$2.9M	10x	as long as short
OKX SHELL-USDT-SWAP	+0.0100%	4h	0.02714	+0.444%	$175K	$467K	10x	as long as short
Gate SHELL_USDT	+0.0100%	4h	0.02720	+0.666%	$414K	$207K	10x	as long as short
MEXC SHELL_USDT	+0.0100%	4h	0.02700	−0.074%	$281K	$143K	50x	as long as short
KuCoin SHELLUSDTM	+0.0100%	4h	0.02708	+0.222%	$345K	$34K	10x	as long as short
Variational Omni SHELL	+0.0100%	4h	0.02721	+0.706%	$1K	$1K	—	as long as short
Bybit SHELLUSDTlong	+0.0176%	4h	0.02702	long leg	$511K	$217K	13x
BingX SHELL-USDT	+0.0802%	4h	0.02707	+0.185%	—	$6.5M	—	as long as short
Bitget SHELLUSDTshort	+0.0854%	4h	0.02706	+0.148%	$565K	$230K	10x