Funding you earn now, next payment 08:00 UTC+0.1030%/8h= +112.8% APRnext payment +$5.15 per $10,000 · paid last 24h +0.143%
Price spread now: BingX against Gate−0.111%7-day average −0.078% · you buy dearer than you sell
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)+0.134%+$13 · spread now −0.111%, 7d avg −0.078%
=Funding pays, the price is against you. BingX is 0.033% cheaper against Gate than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of −0.078%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$31 a day). At the pace of the last 7 days (+0.378% in total) that is about 14 hours.
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 +$5.15 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 | Gate SHELL_USDT | 0.02708 | 0.0100 | pay 0.0050% / 4h | 1h 49m | $411K | $207K | 10x |
| Short | BingX SHELL-USDT | 0.02705 | 0.1130 | get 0.0565% / 4h | 1h 49m | — | $6.5M | — |
Gate SHELL_USDT
BingX SHELL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $216.3
- Price spread: −0.111% → −0.078%
- −$3.26
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $188.04
- Costs to cover
- 0.250%
- Break-even
- 0.9 days
Slippage unknown: Gate: live order book, 56 min ago; BingX: live order book, 2 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 Gate live order book, 56 min ago | 7.29 bp | 1494.6 bp −$1,495 | 62824.7 bp −$628.2K | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 9.25 bp | 39.6 bp −$40 | 186.7 bp −$1,867 | 691.5 bp −$69.2K | 862.7 bp −$431.3K |
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 | 0.02699 | −0.332% | $1K | $10K | 5x | as long as short |
| OKX SHELL-USDT-SWAP | +0.0100% | 4h | 0.02711 | +0.111% | $171K | $462K | 10x | as long as short |
| Gate SHELL_USDTlong | +0.0100% | 4h | 0.02708 | long leg | $411K | $207K | 10x | |
| KuCoin SHELLUSDTM | +0.0100% | 4h | 0.02704 | −0.148% | $342K | $35K | 10x | as long as short |
| Variational Omni SHELL | +0.0100% | 4h | 0.02693 | −0.552% | $1K | $1K | — | as long as short |
| MEXC SHELL_USDT | +0.0126% | 4h | 0.02700 | −0.295% | $280K | $143K | 50x | as long as short |
| Binance SHELLUSDT | +0.0127% | 4h | 0.02702 | −0.207% | $2.1M | $2.9M | 10x | as long as short |
| Bybit SHELLUSDT | +0.0562% | 4h | 0.02701 | −0.258% | $509K | $216K | 13x | as long as short |
| BingX SHELL-USDTshort | +0.1130% | 4h | 0.02705 | −0.111% | — | $6.5M | — | |
| Bitget SHELLUSDT | +0.1220% | 4h | 0.02706 | −0.074% | $568K | $247K | 10x | as long as short |
Aster SHELLUSDT
OKX SHELL-USDT-SWAP
KuCoin SHELLUSDTM
Variational Omni SHELL
MEXC SHELL_USDT
Binance SHELLUSDT
Bybit SHELLUSDT
Bitget SHELLUSDT