Funding you earn now, next payment 16:00 UTC+0.2099%/8h= +229.9% APRnext payment +$20.99 per $10,000 · paid last 24h +0.097%
Price spread now: OKX against Binance−0.184%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$628as in the Funding arb table
Net, price: spread back to 7d avg − costs−$615as in the Price arb table
costs, in and out, $10k−$5975.973% of the position
Funding, last 7 days−0.307%−$31 on $10k
+Price spread, last 4 days (all we have)−0.570%−$57 · spread now −0.184%, 7d avg −0.007%
=Funding pays, the price is against you. OKX is 0.177% cheaper against Binance than usual: you would sell low and buy high (spread −0.184% now, against its 7-day average of −0.007%). If the spread goes back, that is −$18 on $10k: about 7 hours of funding at the current rate (+$63 a day). Mind the row above: over the last 7 days funding on this pair cost −0.307%, 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 -0.307% in total (about -16.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$20.99 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 | 57.746 | −0.2099 | get 0.2099% / 8h | 7h 25m | $466K | $2.0M | 10x |
| Short | OKX SHAZ-USDT-SWAP | 57.640 | 0 | get 0.0000% / 8h | 7h 25m | $432K | $254K | 10x |
Binance SHAZUSDT
OKX SHAZ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $440.89
- Price spread: −0.184% → −0.007%
- −$17.68
- Slippage, 4 orders
- −$577.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$174.07
- Costs to cover
- 5.973%
- Break-even
- 9.8 days
Slippage from Binance: live order book, 9 min ago; OKX: live order book, 5 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, 9 min ago | 3.45 bp | 41.1 bp −$41 | 117.5 bp −$1,175 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 11.25 bp | 132.6 bp −$133 | 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 | −0.3520% | 1h | 57.713 | −0.058% | $1.2M | $298K | 10x | as long as short |
| Binance SHAZUSDTlong | −0.2099% | 8h | 57.746 | long leg | $466K | $2.0M | 10x | |
| Variational Omni SHAZ | −0.1771% | 8h | 57.804 | +0.099% | $23K | $36K | — | as long as short |
| edgeX SHAZUSDC | −0.0939% | 4h | 57.724 | −0.038% | $16K | $290K | 10x | as long as short |
| KuCoin SHAZUSDTM | −0.0619% | 8h | 57.750 | +0.006% | $71K | $411K | 20x | as long as short |
| OKX SHAZ-USDT-SWAPshort | 0.0000% | 8h | 57.640 | −0.184% | $432K | $254K | 10x | |
| QFEX SHAZ-USD | 0.0000% | 1h | 56.580 | −2.020% | $1.1M | $1.8M | 10x | as long as short |
| Gate SHAZ_USDT | 0.0000% | 8h | 57.730 | −0.028% | $179K | $39K | 20x | as long as short |
| Bitget SHAZUSDT | 0.0000% | 8h | 57.860 | +0.197% | $198K | $158K | 20x | as long as short |
| HTX SHAZ-USDT | 0.0000% | 8h | 57.764 | +0.031% | $6K | $40K | 10x | as long as short |
tradeXYZ xyz:SHAZ
Variational Omni SHAZ
edgeX SHAZUSDC
KuCoin SHAZUSDTM
QFEX SHAZ-USD
Gate SHAZ_USDT
Bitget SHAZUSDT
HTX SHAZ-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SHAZUSDT | +0.3475% | 8h | 57.830 | +0.145% | $152K | $438K | 25x | as long as short |
Bybit SHAZUSDT