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Funding arb · Price arb /

SHELL

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Alert: funding
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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: Bitget against Gate−0.515%7-day average +0.001% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on GateShort on Bitget
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)+0.549%+$55 · spread now −0.515%, 7d avg +0.001%
Together, before fees+0.765%+$77 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.515% cheaper against Gate than usual: you would sell low and buy high (spread −0.515% now, against its 7-day average of +0.001%). If the spread goes back, that is −$52 on $10k: about 2.3 days of funding at the current rate (+$23 a day). 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
LongGate SHELL_USDT0.027200.0100pay 0.0050% / 4h2h 32m$414K$207K10x
ShortBitget SHELLUSDT0.027060.0854get 0.0427% / 4h2h 32m$565K$230K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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: −0.515% → +0.001%
−$51.52
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
$79.82
Costs to cover
0.270%
Break-even
3.5 days
Slippage unknown: Gate: live order book, 13 min ago; Bitget: live order book, 12 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 Gate live order book, 13 min ago7.29 bp1494.6 bp −$1,49562824.7 bp −$628.2Kdoesn't fitdoesn't fit
Sell Bitget live order book, 12 min ago3.63 bp83.8 bp −$84351.1 bp −$3,511doesn'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%4h0.02708−0.448%$1K$10K5xas long as short
Binance SHELLUSDT+0.0100%4h0.02702−0.644%$2.1M$2.9M10xas long as short
OKX SHELL-USDT-SWAP+0.0100%4h0.02714−0.221%$175K$467K10xas long as short
Gate SHELL_USDTlong+0.0100%4h0.02720long leg$414K$207K10x
MEXC SHELL_USDT+0.0100%4h0.02700−0.735%$281K$143K50xas long as short
KuCoin SHELLUSDTM+0.0100%4h0.02708−0.441%$345K$34K10xas long as short
Variational Omni SHELL+0.0100%4h0.02721+0.040%$1K$1K—as long as short
Bybit SHELLUSDT+0.0176%4h0.02702−0.662%$511K$217K13xas long as short
BingX SHELL-USDT+0.0802%4h0.02707−0.478%—$6.5M—as long as short
Bitget SHELLUSDTshort+0.0854%4h0.02706−0.515%$565K$230K10x