Funding you earn now, next payment 08:00 UTC+0.2149%/8h= +235.3% APRnext payment +$21.49 per $10,000 · paid last 24h −0.196%
Price spread now: Bitget against Binance−0.120%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$545as in the Funding arb table
Net, price: spread back to 7d avg − costs−$494as in the Price arb table
costs, in and out, $10k−$4764.763% of the position
Funding, last 7 days−0.688%−$69 on $10k
+Price spread, last 4 days (all we have)+0.410%+$41 · spread now −0.120%, 7d avg +0.055%
=Funding pays, the price is against you. Bitget is 0.174% cheaper against Binance than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of +0.055%). If the spread goes back, that is −$17 on $10k: about 6 hours of funding at the current rate (+$64 a day). Mind the row above: over the last 7 days funding on this pair cost −0.688%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.688% in total (about -35.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$21.49 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 | Binance SHAZUSDT | 58.520 | −0.2149 | get 0.2149% / 8h | 23m 29s | $471K | $2.0M | 10x |
| Short | Bitget SHAZUSDT | 58.450 | 0 | get 0.0000% / 8h | 23m 29s | $201K | $161K | 20x |
Binance SHAZUSDT
Bitget SHAZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $451.35
- Price spread: −0.120% → +0.055%
- −$17.45
- Slippage, 4 orders
- −$454.29
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$42.39
- Costs to cover
- 4.763%
- Break-even
- 7.7 days
Slippage from Binance: live order book, 10 min ago; Bitget: live order book, 6 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 Binance live order book, 10 min ago | 3.39 bp | 56.8 bp −$57 | 138.0 bp −$1,380 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 6 min ago | 15.30 bp | 181.9 bp −$182 | 218.1 bp −$2,181 | 391.0 bp −$39.1K | doesn't fit |
SHAZ on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SHAZUSDTlong | −0.2149% | 8h | 58.520 | long leg | $471K | $2.0M | 10x | |
| Variational Omni SHAZ | −0.1815% | 8h | 58.609 | +0.152% | $23K | $33K | — | as long as short |
| KuCoin SHAZUSDTM | −0.0788% | 8h | 58.690 | +0.290% | $72K | $353K | 20x | as long as short |
| tradeXYZ xyz:SHAZ | −0.0633% | 1h | 58.533 | +0.022% | $1.2M | $293K | 10x | as long as short |
| Bybit SHAZUSDT | −0.0607% | 8h | 58.610 | +0.154% | $154K | $434K | 25x | as long as short |
| OKX SHAZ-USDT-SWAP | −0.0229% | 8h | 58.660 | +0.239% | $440K | $264K | 10x | as long as short |
| QFEX SHAZ-USD | 0.0000% | 1h | 58.840 | +0.547% | $1.1M | $1.8M | 10x | as long as short |
| Gate SHAZ_USDT | 0.0000% | 8h | 58.680 | +0.273% | $181K | $39K | 20x | as long as short |
| Bitget SHAZUSDTshort | 0.0000% | 8h | 58.450 | −0.120% | $201K | $161K | 20x | |
| HTX SHAZ-USDT | 0.0000% | 8h | 58.314 | −0.352% | $6K | $40K | 10x | as long as short |
Variational Omni SHAZ
KuCoin SHAZUSDTM
tradeXYZ xyz:SHAZ
Bybit SHAZUSDT
OKX SHAZ-USDT-SWAP
QFEX SHAZ-USD
Gate SHAZ_USDT
HTX SHAZ-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX SHAZUSDC | +0.0697% | 4h | 58.511 | −0.015% | $16K | $290K | 10x | as long as short |
edgeX SHAZUSDC