Funding you earn now, next payment 16:00 UTC+0.1479%/8h= +161.9% APRnext payment +$14.79 per $10,000 · paid last 24h +0.124%
Price spread now: KuCoin against Binance−0.133%7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$858as in the Funding arb table
Net, price: spread back to 7d avg − costs−$911as in the Price arb table
costs, in and out, $10k−$8928.916% of the position
Funding, last 7 days+0.338%+$34 on $10k
+Price spread, last 4 days (all we have)−0.294%−$29 · spread now −0.133%, 7d avg +0.058%
=Funding pays, the price is against you. KuCoin is 0.191% cheaper against Binance than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of +0.058%). If the spread goes back, that is −$19 on $10k: about 10 hours of funding at the current rate (+$44 a day). At the pace of the last 7 days (+0.338% in total) that is about 4.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.338% in total (about 17.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$14.79 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 | 58.207 | −0.2019 | get 0.2019% / 8h | 7h 19m | $470K | $2.0M | 10x |
| Short | KuCoin SHAZUSDTM | 58.130 | −0.0540 | pay 0.0540% / 8h | 7h 19m | $71K | $417K | 20x |
Binance SHAZUSDT
KuCoin SHAZUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $310.5
- Price spread: −0.133% → +0.058%
- −$19.15
- Slippage, 4 orders
- −$869.57
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$600.21
- Costs to cover
- 8.916%
- Break-even
- 20.5 days
Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 4 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, 15 min ago | 3.45 bp | 41.1 bp −$41 | 117.5 bp −$1,175 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 18.95 bp | 399.8 bp −$400 | 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 | −0.3391% | 1h | 58.112 | −0.164% | $1.2M | $298K | 10x | as long as short |
| Binance SHAZUSDTlong | −0.2019% | 8h | 58.207 | long leg | $470K | $2.0M | 10x | |
| Variational Omni SHAZ | −0.1737% | 8h | 58.107 | −0.173% | $23K | $36K | — | as long as short |
| KuCoin SHAZUSDTMshort | −0.0540% | 8h | 58.130 | −0.133% | $71K | $417K | 20x | |
| OKX SHAZ-USDT-SWAP | 0.0000% | 8h | 58.130 | −0.133% | $436K | $256K | 10x | as long as short |
| QFEX SHAZ-USD | 0.0000% | 1h | 58.020 | −0.322% | $1.2M | $1.8M | 10x | as long as short |
| Gate SHAZ_USDT | 0.0000% | 8h | 58.160 | −0.081% | $180K | $39K | 20x | as long as short |
| Bitget SHAZUSDT | 0.0000% | 8h | 58.090 | −0.202% | $199K | $157K | 20x | as long as short |
| HTX SHAZ-USDT | 0.0000% | 8h | 58.078 | −0.222% | $6K | $40K | 10x | as long as short |
| edgeX SHAZUSDC | +0.0760% | 4h | 58.102 | −0.181% | $16K | $291K | 10x | as long as short |
tradeXYZ xyz:SHAZ
Variational Omni SHAZ
OKX SHAZ-USDT-SWAP
QFEX SHAZ-USD
Gate SHAZ_USDT
Bitget SHAZUSDT
HTX SHAZ-USDT
edgeX SHAZUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SHAZUSDT | +0.3824% | 8h | 58.240 | +0.056% | $152K | $438K | 25x | as long as short |
Bybit SHAZUSDT