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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 08:00 UTC−0.1102%/8h= −120.6% APRpaid last 24h −0.245%
Price spread now: tradeXYZ against edgeX+0.046%7-day average −0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1781.776% of the position
Long on edgeXShort on tradeXYZ
What this pair did over the last
the charts below follow
Funding, last 7 days+0.315%+$31 on $10k
Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.046%, 7d avg −0.086%
Together, before fees+0.096%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.131% dearer against edgeX than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.086%): +$13 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.315%, 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 0.315% in total (about 16.4% 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 SHAZUSDC58.579−0.0673get 0.0336% / 4h3h 59m$16K$292K10x
ShorttradeXYZ xyz:SHAZ58.606−0.1774pay 0.0222% / 1h59m 20s$1.2M$294K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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
−$231.38
Price spread: +0.046% → −0.086%
$13.13
Slippage, 4 orders
−$150.6
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$395.85
Costs to cover
1.776%
Break-even
never at this rate
Slippage from edgeX: live order book, 39 min ago; tradeXYZ: live order book, 8 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, 39 min ago8.49 bp17.5 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 8 min ago3.16 bp64.4 bp −$64doesn't fitdoesn'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
Binance SHAZUSDT−0.2214%8h58.590+0.018%$472K$2.0M10xas long as short
Variational Omni SHAZ−0.1901%8h58.497−0.140%$25K$34K—as long as short
tradeXYZ xyz:SHAZshort−0.1774%1h58.606+0.046%$1.2M$294K10x
KuCoin SHAZUSDTM−0.0887%8h58.600+0.035%$71K$372K20xas long as short
edgeX SHAZUSDClong−0.0673%4h58.579long leg$16K$292K10x
OKX SHAZ-USDT-SWAP−0.0275%8h58.580+0.001%$439K$262K10xas long as short
Bybit SHAZUSDT0.0000%8h58.750+0.291%$154K$436K25xas long as short
QFEX SHAZ-USD0.0000%1h56.690−3.225%$1.1M$1.8M10xas long as short
Gate SHAZ_USDT0.0000%8h58.690+0.189%$181K$39K20xas long as short
Bitget SHAZUSDT0.0000%8h58.720+0.240%$202K$160K20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SHAZ-USDT0.0000%8h58.568−0.019%$6K$40K10xas long as short