Funding you earn now, next payment 08:00 UTC−0.2133%/8h= −233.6% APRnext payment −$21.33 per $10,000 · paid last 24h +0.196%
Price spread now: Binance against Bitget+0.102%7-day average −0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$272as in the Funding arb table
Net, price: spread back to 7d avg − costs−$325as in the Price arb table
costs, in and out, $10k−$3403.405% of the position
Funding, last 7 days+0.688%+$69 on $10k
+Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.102%, 7d avg −0.058%
=The price spread pays, funding is against you. Binance is 0.159% dearer against Bitget than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of −0.058%): +$16 on $10k if it goes back. Holding the pair costs −$64 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.688%, so the current rate has only just turned against you.
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 −$21.33 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 | Bitget SHAZUSDT | 58.930 | 0 | get 0.0000% / 8h | 1h 07m | $204K | $160K | 20x |
| Short | Binance SHAZUSDT | 58.990 | −0.2133 | pay 0.2133% / 8h | 1h 07m | $478K | $1.9M | 10x |
Bitget SHAZUSDT
Binance SHAZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$448.01
- Price spread: +0.102% → −0.058%
- $15.94
- Slippage, 4 orders
- −$318.46
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$772.53
- Costs to cover
- 3.405%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 27 min ago; Binance: live order book, 11 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 Bitget live order book, 27 min ago | 12.75 bp | 116.0 bp −$116 | 166.3 bp −$1,663 | 383.0 bp −$38.3K | doesn't fit |
| Sell Binance live order book, 11 min ago | 6.78 bp | 43.7 bp −$44 | 106.5 bp −$1,065 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SHAZUSDTshort | −0.2133% | 8h | 58.990 | +0.102% | $478K | $1.9M | 10x | |
| Variational Omni SHAZ | −0.1830% | 8h | 58.964 | +0.058% | $20K | $30K | — | as long as short |
| tradeXYZ xyz:SHAZ | −0.1310% | 1h | 58.974 | +0.075% | $1.2M | $285K | 10x | as long as short |
| Bybit SHAZUSDT | −0.0809% | 8h | 59.080 | +0.255% | $155K | $429K | 25x | as long as short |
| KuCoin SHAZUSDTM | −0.0800% | 8h | 58.980 | +0.085% | $72K | $352K | 20x | as long as short |
| edgeX SHAZUSDC | −0.0677% | 4h | 58.961 | +0.053% | $17K | $290K | 10x | as long as short |
| OKX SHAZ-USDT-SWAP | −0.0344% | 8h | 58.940 | +0.017% | $442K | $267K | 10x | as long as short |
| QFEX SHAZ-USD | 0.0000% | 1h | 59.050 | +0.204% | $1.1M | $1.8M | 10x | as long as short |
| Gate SHAZ_USDT | 0.0000% | 8h | 59.030 | +0.170% | $182K | $40K | 20x | as long as short |
| Bitget SHAZUSDTlong | 0.0000% | 8h | 58.930 | long leg | $204K | $160K | 20x |
Variational Omni SHAZ
tradeXYZ xyz:SHAZ
Bybit SHAZUSDT
KuCoin SHAZUSDTM
edgeX SHAZUSDC
OKX SHAZ-USDT-SWAP
QFEX SHAZ-USD
Gate SHAZ_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SHAZ-USDT | 0.0000% | 8h | 59.016 | +0.146% | $6K | $40K | 10x | as long as short |
HTX SHAZ-USDT