Funding you earn now, next payment 09:00 UTC+0.2167%/8h= +237.3% APRpaid last 24h +0.023%
Price spread now: QFEX against Binance+0.565%7-day average +0.432% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$1,018as in the Price arb table
costs, in and out, $10k−$1,03110.311% of the position
Funding, last 4 days (all we have)+0.081%+$8 on $10k
+Price spread, last 7 days−0.405%−$40 · spread now +0.565%, 7d avg +0.432%
=Both sides work for this trade now. Funding pays +$65 a day on $10k at the current rate, and QFEX is 0.133% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.432%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.081% in total (about 7.9% 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 | 58.410 | −0.2167 | get 0.2167% / 8h | 7h 44m | $472K | $2.0M | 10x |
| Short | QFEX SHAZ-USD | 58.740 | 0 | get 0.0000% / 1h | 44m 21s | $1.1M | $1.8M | 10x |
Binance SHAZUSDT
QFEX SHAZ-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $455.06
- Price spread: +0.565% → +0.432%
- $13.33
- Slippage, 4 orders
- −$1,011.1
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$562.71
- Costs to cover
- 10.311%
- Break-even
- 15.7 days
Slippage from Binance: live order book, 4 min ago; QFEX: live order book, 3 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, 4 min ago | 9.42 bp | 66.5 bp −$67 | 185.0 bp −$1,850 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 253.66 bp | 458.8 bp −$459 | 463.7 bp −$4,637 | 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 | −0.2253% | 1h | 58.462 | +0.089% | $1.2M | $296K | 10x | as long as short |
| Binance SHAZUSDTlong | −0.2167% | 8h | 58.410 | long leg | $472K | $2.0M | 10x | |
| Variational Omni SHAZ | −0.1863% | 8h | 58.390 | −0.033% | $24K | $34K | — | as long as short |
| edgeX SHAZUSDC | −0.0732% | 4h | 58.305 | −0.179% | $16K | $292K | 10x | as long as short |
| KuCoin SHAZUSDTM | −0.0731% | 8h | 58.390 | −0.034% | $71K | $389K | 20x | as long as short |
| OKX SHAZ-USDT-SWAP | −0.0055% | 8h | 58.160 | −0.428% | $436K | $256K | 10x | as long as short |
| QFEX SHAZ-USDshort | 0.0000% | 1h | 58.740 | +0.565% | $1.1M | $1.8M | 10x | |
| Gate SHAZ_USDT | 0.0000% | 8h | 58.320 | −0.154% | $180K | $39K | 20x | as long as short |
| Bitget SHAZUSDT | 0.0000% | 8h | 58.300 | −0.188% | $199K | $158K | 20x | as long as short |
| HTX SHAZ-USDT | 0.0000% | 8h | 58.629 | +0.375% | $6K | $40K | 10x | as long as short |
tradeXYZ xyz:SHAZ
Variational Omni SHAZ
edgeX SHAZUSDC
KuCoin SHAZUSDTM
OKX SHAZ-USDT-SWAP
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 | +0.3100% | 8h | 58.500 | +0.154% | $154K | $436K | 25x | as long as short |
Bybit SHAZUSDT