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Funding arb · Price arb /

SHAZ

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0732%/8h= +80.1% APRpaid last 24h +0.069%
Price spread now: QFEX against edgeX+0.745%117s7-day average +0.870% · 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—prices read too far apart to compare
costs, in and out, $10k−$9649.638% of the position
Long on edgeXShort on QFEX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.270%+$27 on $10k
Price spread, last 4 days (all we have)−0.474%−$47 · spread now +0.745%, 7d avg +0.870%
Together, before fees−0.205%+ Points / potential airdropedgeX: Active · farm board−$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. QFEX is 0.125% cheaper against edgeX than usual: you would sell low and buy high (spread +0.745% now, against its 7-day average of +0.870%). If the spread goes back, that is −$12 on $10k: about 14 hours of funding at the current rate (+$22 a day). At the pace of the last 4 days (+0.270% in total) that is about 42 hours. The two prices were read 117 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 4 days it paid 0.270% in total (about 26.2% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX SHAZUSDC58.305−0.0732get 0.0366% / 4h3h 43m$16K$292K10x
ShortQFEX SHAZ-USD58.7400get 0.0000% / 1h43m 39s$1.1M$1.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

QFEX 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

Funding earned
$153.69
Price spread: +0.745% → +0.870%
−$12.45
Slippage, 4 orders
−$944.75
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee QFEX: 5 bp × 2 orders
−$10
Net
−$822.51
Costs to cover
9.638%
Break-even
44.5 days
Slippage from edgeX: live order book, 54 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
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 54 min ago8.49 bp17.5 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell QFEX live order book, 3 min ago253.66 bp458.8 bp −$459463.7 bp −$4,637doesn't fitdoesn't fit

SHAZ on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:SHAZ−0.2280%1h58.387+0.140%$1.2M$296K10xas long as short
Binance SHAZUSDT−0.2163%8h58.340+0.059%$472K$2.0M10xas long as short
Variational Omni SHAZ−0.1863%8h58.390+0.146%$24K$34K—as long as short
edgeX SHAZUSDClong−0.0732%4h58.305long leg$16K$292K10x
KuCoin SHAZUSDTM−0.0705%8h58.420+0.196%$71K$390K20xas long as short
OKX SHAZ-USDT-SWAP−0.0055%8h58.160−0.249%$436K$256K10xas long as short
QFEX SHAZ-USDshort0.0000%1h58.740+0.745%$1.1M$1.8M10x
Gate SHAZ_USDT0.0000%8h58.300−0.009%$180K$39K20xas long as short
Bitget SHAZUSDT0.0000%8h58.300−0.009%$199K$158K20xas long as short
HTX SHAZ-USDT0.0000%8h58.290−0.027%$6K$40K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SHAZUSDT+0.2676%8h58.490+0.316%$154K$436K25xas long as short