Funding you earn now, next payment 16:00 UTC−0.0806%/8h= −88.3% APRnext payment −$8.06 per $10,000 · paid last 24h +0.028%
Price spread now: Gate against Bybit−0.118%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$684as in the Funding arb table
Net, price: spread back to 7d avg − costs−$709as in the Price arb table
costs, in and out, $10k−$6966.956% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 4 days (all we have)+0.302%+$30 · spread now −0.118%, 7d avg +0.014%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Gate is 0.132% cheaper against Bybit than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.014%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.118%, 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 0.118% in total (about 6.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.06 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SHAZUSDT | 59.300 | 0.0806 | pay 0.0806% / 8h | 4h 51m | $151K | $476K | 25x |
| Short | Gate SHAZ_USDT | 59.230 | 0 | get 0.0000% / 8h | 4h 51m | $181K | $42K | 20x |
Bybit SHAZUSDT
Gate SHAZ_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- −$169.34
- Price spread: −0.118% → +0.014%
- −$13.2
- Slippage, 4 orders
- −$669.58
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$878.12
- Costs to cover
- 6.956%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 47 min ago; Gate: live order book, 48 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 Bybit live order book, 47 min ago | 4.22 bp | 166.5 bp −$166 | 243.4 bp −$2,434 | doesn't fit | doesn't fit |
| Sell Gate live order book, 48 min ago | 38.69 bp | 194.9 bp −$195 | doesn't fit | doesn't fit | doesn't fit |
SHAZ on 11 exchanges
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 | −0.1869% | 1h | 59.233 | −0.113% | $1.2M | $309K | 10x | as long as short |
| edgeX SHAZUSDC | −0.0478% | 4h | 59.173 | −0.214% | $17K | $291K | 10x | as long as short |
| OKX SHAZ-USDT-SWAP | 0.0000% | 8h | 59.230 | −0.118% | $444K | $264K | 10x | as long as short |
| QFEX SHAZ-USD | 0.0000% | 1h | 59.310 | +0.017% | $1.1M | $1.9M | 10x | as long as short |
| Gate SHAZ_USDTshort | 0.0000% | 8h | 59.230 | −0.118% | $181K | $42K | 20x | |
| Bitget SHAZUSDT | 0.0000% | 8h | 59.220 | −0.135% | $192K | $161K | 20x | as long as short |
| HTX SHAZ-USDT | 0.0000% | 8h | 59.107 | −0.325% | $6K | $39K | 10x | as long as short |
| Variational Omni SHAZ | +0.0155% | 8h | 59.109 | −0.322% | $42K | $59K | — | as long as short |
| Binance SHAZUSDT | +0.0284% | 8h | 59.180 | −0.202% | $473K | $2.2M | 10x | as long as short |
| Bybit SHAZUSDTlong | +0.0806% | 8h | 59.300 | long leg | $151K | $476K | 25x |
tradeXYZ xyz:SHAZ
edgeX SHAZUSDC
OKX SHAZ-USDT-SWAP
QFEX SHAZ-USD
Bitget SHAZUSDT
HTX SHAZ-USDT
Variational Omni SHAZ
Binance SHAZUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SHAZUSDTM | +0.0954% | 8h | 59.380 | +0.135% | $77K | $595K | 20x | as long as short |
KuCoin SHAZUSDTM