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 OKX−0.147%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$278as in the Funding arb table
Net, price: spread back to 7d avg − costs−$304as in the Price arb table
costs, in and out, $10k−$2852.851% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.147%, 7d avg +0.043%
=Funding pays, the price is against you. Bitget is 0.190% cheaper against OKX than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of +0.043%). If the spread goes back, that is −$19 on $10k: about 20 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.069% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% 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 | OKX SHELL-USDT-SWAP | 0.02714 | 0.0100 | pay 0.0050% / 4h | 2h 32m | $175K | $467K | 10x |
| Short | Bitget SHELLUSDT | 0.02710 | 0.0854 | get 0.0427% / 4h | 2h 32m | $565K | $230K | 10x |
OKX SHELL-USDT-SWAP
Bitget SHELLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $158.34
- Price spread: −0.147% → +0.043%
- −$19.02
- Slippage, 4 orders
- −$263.12
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$145.8
- Costs to cover
- 2.851%
- Break-even
- 13.4 days
Slippage from OKX: live order book, 13 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 OKX live order book, 13 min ago | 7.30 bp | 60.7 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| 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 | −0.233% | $1K | $10K | 5x | as long as short |
| Binance SHELLUSDT | +0.0100% | 4h | 0.02704 | −0.356% | $2.1M | $2.9M | 10x | as long as short |
| OKX SHELL-USDT-SWAPlong | +0.0100% | 4h | 0.02714 | long leg | $175K | $467K | 10x | |
| Gate SHELL_USDT | +0.0100% | 4h | 0.02720 | +0.221% | $414K | $207K | 10x | as long as short |
| MEXC SHELL_USDT | +0.0100% | 4h | 0.02700 | −0.516% | $281K | $143K | 50x | as long as short |
| KuCoin SHELLUSDTM | +0.0100% | 4h | 0.02708 | −0.221% | $345K | $34K | 10x | as long as short |
| Variational Omni SHELL | +0.0100% | 4h | 0.02721 | +0.261% | $1K | $1K | — | as long as short |
| Bybit SHELLUSDT | +0.0176% | 4h | 0.02701 | −0.479% | $511K | $217K | 13x | as long as short |
| BingX SHELL-USDT | +0.0802% | 4h | 0.02707 | −0.258% | — | $6.5M | — | as long as short |
| Bitget SHELLUSDTshort | +0.0854% | 4h | 0.02710 | −0.147% | $565K | $230K | 10x |
Aster SHELLUSDT
Binance SHELLUSDT
Gate SHELL_USDT
MEXC SHELL_USDT
KuCoin SHELLUSDTM
Variational Omni SHELL
Bybit SHELLUSDT
BingX SHELL-USDT