Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.14 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against OKX−0.317%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$220as in the Funding arb table
Net, price: spread back to 7d avg − costs−$229as in the Price arb table
costs, in and out, $10k−$2072.075% of the position
Funding, last 7 days−0.130%−$13 on $10k
+Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.317%, 7d avg −0.104%
=Funding pays, the price is against you. Binance is 0.213% cheaper against OKX than usual: you would sell low and buy high (spread −0.317% now, against its 7-day average of −0.104%). If the spread goes back, that is −$21 on $10k: about 26 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.130%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SHELL-USDT-SWAP | 0.02711 | 0.0100 | pay 0.0050% / 4h | 1h 49m | $171K | $462K | 10x |
| Short | Binance SHELLUSDT | 0.02702 | 0.0127 | get 0.0064% / 4h | 1h 49m | $2.1M | $2.9M | 10x |
OKX SHELL-USDT-SWAP
Binance SHELLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- $5.77
- Price spread: −0.317% → −0.104%
- −$21.28
- Slippage, 4 orders
- −$187.46
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$222.97
- Costs to cover
- 2.075%
- Break-even
- 277.5 days
Slippage from OKX: live order book, 57 min ago; Binance: live order book, 1 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 OKX live order book, 57 min ago | 7.30 bp | 60.7 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 1.85 bp | 43.5 bp −$44 | 257.4 bp −$2,574 | 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 | 0.02699 | −0.442% | $1K | $10K | 5x | as long as short |
| OKX SHELL-USDT-SWAPlong | +0.0100% | 4h | 0.02711 | long leg | $171K | $462K | 10x | |
| Gate SHELL_USDT | +0.0100% | 4h | 0.02708 | −0.111% | $411K | $207K | 10x | as long as short |
| KuCoin SHELLUSDTM | +0.0100% | 4h | 0.02704 | −0.258% | $342K | $35K | 10x | as long as short |
| Variational Omni SHELL | +0.0100% | 4h | 0.02693 | −0.662% | $1K | $1K | — | as long as short |
| MEXC SHELL_USDT | +0.0126% | 4h | 0.02700 | −0.406% | $280K | $143K | 50x | as long as short |
| Binance SHELLUSDTshort | +0.0127% | 4h | 0.02702 | −0.317% | $2.1M | $2.9M | 10x | |
| Bybit SHELLUSDT | +0.0562% | 4h | 0.02701 | −0.369% | $509K | $216K | 13x | as long as short |
| BingX SHELL-USDT | +0.1130% | 4h | 0.02705 | −0.221% | — | $6.5M | — | as long as short |
| Bitget SHELLUSDT | +0.1220% | 4h | 0.02706 | −0.184% | $568K | $247K | 10x | as long as short |
Aster SHELLUSDT
Gate SHELL_USDT
KuCoin SHELLUSDTM
Variational Omni SHELL
MEXC SHELL_USDT
Bybit SHELLUSDT
BingX SHELL-USDT
Bitget SHELLUSDT