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 OKX−0.221%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$218as in the Price arb table
costs, in and out, $10k−$1991.992% of the position
Funding, last 7 days+0.231%+$23 on $10k
+Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.221%, 7d avg −0.036%
=Funding pays, the price is against you. BingX is 0.185% cheaper against OKX than usual: you would sell low and buy high (spread −0.221% now, against its 7-day average of −0.036%). If the spread goes back, that is −$19 on $10k: about 14 hours of funding at the current rate (+$31 a day). At the pace of the last 7 days (+0.231% in total) that is about 5.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.231% in total (about 12.0% 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 | OKX SHELL-USDT-SWAP | 0.02711 | 0.0100 | pay 0.0050% / 4h | 1h 49m | $171K | $462K | 10x |
| Short | BingX SHELL-USDT | 0.02705 | 0.1130 | get 0.0565% / 4h | 1h 49m | — | $6.5M | — |
OKX SHELL-USDT-SWAP
BingX SHELL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $216.3
- Price spread: −0.221% → −0.036%
- −$18.54
- Slippage, 4 orders
- −$179.17
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1.41
- Costs to cover
- 1.992%
- Break-even
- 7.0 days
Slippage from OKX: live order book, 57 min ago; BingX: live order book, 2 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 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 | −0.442% | $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 SHELLUSDT | +0.0127% | 4h | 0.02702 | −0.317% | $2.1M | $2.9M | 10x | as long as short |
| Bybit SHELLUSDT | +0.0562% | 4h | 0.02701 | −0.369% | $509K | $216K | 13x | as long as short |
| BingX SHELL-USDTshort | +0.1130% | 4h | 0.02705 | −0.221% | — | $6.5M | — | |
| 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
Binance SHELLUSDT
Bybit SHELLUSDT
Bitget SHELLUSDT