Funding arb · Price arb /

SHAZ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0928%/8h= +101.6% APRpaid last 24h +0.043%

Price spread now: Bybit against edgeX+0.196%61s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$359as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3763.757% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.196%, 7d avg −0.012%

Together, before fees+0.133%+ Points / potential airdropedgeX: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Bybit is 0.208% dearer against edgeX than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.012%. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.170% in total (about 8.9% 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	edgeX SHAZUSDC	58.675	0.0859	pay 0.0429% / 4h	3h 02m	$16K	$291K	10x
Short	Bybit SHAZUSDT	58.790	0.1787	get 0.1787% / 8h	7h 02m	$152K	$441K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee BybitbpOrdersPrice spread, now +0.196%Rate

Funding earned: $194.81
Price spread: +0.196% → −0.012%: $20.85
Slippage, 4 orders: −$355.73
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$160.07
Costs to cover: 3.757%
Break-even: 12.8 days

Slippage from edgeX: live order book, 30 min ago; Bybit: live order book, 22 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 edgeX live order book, 30 min ago	13.81 bp	22.3 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 22 min ago	4.31 bp	185.5 bp −$185	355.0 bp −$3,550	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	−0.2191%	1h	58.632	−0.073%	$1.2M	$298K	10x	as long as short
Binance SHAZUSDT	−0.1613%	8h	58.654	−0.035%	$469K	$2.0M	10x	as long as short
Variational Omni SHAZ	−0.1447%	8h	58.675	+0.001%	$23K	$36K	—	as long as short
KuCoin SHAZUSDTM	−0.0351%	8h	58.790	+0.196%	$71K	$434K	20x	as long as short
OKX SHAZ-USDT-SWAP	0.0000%	8h	58.700	+0.043%	$440K	$258K	10x	as long as short
QFEX SHAZ-USD	0.0000%	1h	59.000	+0.554%	$1.2M	$1.8M	10x	as long as short
Gate SHAZ_USDT	0.0000%	8h	58.620	−0.094%	$180K	$40K	20x	as long as short
Bitget SHAZUSDT	0.0000%	8h	58.640	−0.059%	$200K	$156K	20x	as long as short
HTX SHAZ-USDT	0.0000%	8h	58.732	+0.097%	$6K	$40K	10x	as long as short
edgeX SHAZUSDClong	+0.0859%	4h	58.675	long leg	$16K	$291K	10x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit SHAZUSDTshort	+0.1787%	8h	58.790	+0.196%	$152K	$441K	25x