SHELL

Alert: funding

Alert: spread

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 MEXC+0.370%7-day average +0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1971.975% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.197%+$20 on $10k

Price spread, last 4 days (all we have)−0.324%−$32 · spread now +0.370%, 7d avg +0.146%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Bitget is 0.224% dearer against MEXC than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.146%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.197% in total (about 10.3% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SHELL_USDT	0.02700	0.0100	pay 0.0050% / 4h	2h 32m	$281K	$143K	50x
Short	Bitget SHELLUSDT	0.02710	0.0854	get 0.0427% / 4h	2h 32m	$565K	$230K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.370%Rate

Funding earned: $158.34
Price spread: +0.370% → +0.146%: $22.4
Slippage, 4 orders: −$181.47
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$16.72
Costs to cover: 1.975%
Break-even: 7.7 days

Slippage from MEXC: live order book, 62 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 MEXC live order book, 62 min ago	3.70 bp	21.8 bp −$22	108.8 bp −$1,088	173.8 bp −$17.4K	455.2 bp −$227.6K
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	+0.284%	$1K	$10K	5x	as long as short
Binance SHELLUSDT	+0.0100%	4h	0.02704	+0.161%	$2.1M	$2.9M	10x	as long as short
OKX SHELL-USDT-SWAP	+0.0100%	4h	0.02714	+0.519%	$175K	$467K	10x	as long as short
Gate SHELL_USDT	+0.0100%	4h	0.02720	+0.741%	$414K	$207K	10x	as long as short
MEXC SHELL_USDTlong	+0.0100%	4h	0.02700	long leg	$281K	$143K	50x
KuCoin SHELLUSDTM	+0.0100%	4h	0.02708	+0.296%	$345K	$34K	10x	as long as short
Variational Omni SHELL	+0.0100%	4h	0.02721	+0.781%	$1K	$1K	—	as long as short
Bybit SHELLUSDT	+0.0176%	4h	0.02701	+0.037%	$511K	$217K	13x	as long as short
BingX SHELL-USDT	+0.0802%	4h	0.02707	+0.259%	—	$6.5M	—	as long as short
Bitget SHELLUSDTshort	+0.0854%	4h	0.02710	+0.370%	$565K	$230K	10x