Funding arb · Price arb /

SHAZ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.2514%/8h= +275.2% APRpaid last 24h −0.046%

Price spread now: edgeX against Binance+0.218%100s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1371.366% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.814%−$81 on $10k

Price spread, last 4 days (all we have)+0.205%+$20 · spread now +0.218%, 7d avg +0.009%

Together, before fees−0.609%+ Points / potential airdropedgeX: Active · farm board−$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$75 a day on $10k at the current rate, and edgeX is 0.209% dearer against Binance than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.009%. Mind the row above: over the last 7 days funding on this pair cost −0.814%, so the current rate has only just turned in your favour. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.814% in total (about -42.4% a year). A funding rate is set anew for every payment. 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	58.160	−0.2125	get 0.2125% / 8h	7h 37m	$470K	$2.0M	10x
Short	edgeX SHAZUSDC	58.287	0.0388	get 0.0194% / 4h	3h 37m	$16K	$290K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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 BinancebpFee edgeXbpOrdersPrice spread, now +0.218%Rate

Funding earned: $527.87
Price spread: +0.218% → +0.009%: $20.92
Slippage, 4 orders: −$117.62
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $412.17
Costs to cover: 1.366%
Break-even: 1.5 days

Slippage from Binance: live order book, 11 min ago; edgeX: live order book, 60 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, 11 min ago	9.42 bp	66.5 bp −$67	185.0 bp −$1,850	doesn't fit	doesn't fit
Sell edgeX live order book, 60 min ago	8.49 bp	17.1 bp −$17	doesn't fit	doesn't fit	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
tradeXYZ xyz:SHAZ	−0.2595%	1h	58.257	+0.167%	$1.2M	$296K	10x	as long as short
Binance SHAZUSDTlong	−0.2125%	8h	58.160	long leg	$470K	$2.0M	10x
Variational Omni SHAZ	−0.1833%	8h	58.310	+0.259%	$24K	$34K	—	as long as short
KuCoin SHAZUSDTM	−0.0664%	8h	58.230	+0.120%	$71K	$397K	20x	as long as short
OKX SHAZ-USDT-SWAP	−0.0003%	8h	58.090	−0.120%	$436K	$256K	10x	as long as short
QFEX SHAZ-USD	0.0000%	1h	57.400	−1.307%	$1.1M	$1.8M	10x	as long as short
Gate SHAZ_USDT	0.0000%	8h	58.130	−0.052%	$180K	$39K	20x	as long as short
Bitget SHAZUSDT	0.0000%	8h	58.160	0.000%	$199K	$158K	20x	as long as short
HTX SHAZ-USDT	0.0000%	8h	58.227	+0.115%	$6K	$40K	10x	as long as short
edgeX SHAZUSDCshort	+0.0388%	4h	58.287	+0.218%	$16K	$290K	10x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SHAZUSDT	+0.2279%	8h	57.840	−0.550%	$152K	$436K	25x	as long as short