SHAZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0809%/8h= −88.6% APRnext payment −$8.09 per $10,000 · paid last 24h +0.029%

Price spread now: Bybit against Gate+0.085%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$655as in the Funding arb table

Net, price: spread back to 7d avg − costs−$631as in the Price arb table

costs, in and out, $10k−$6426.415% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 4 days (all we have)−0.185%−$18 · spread now +0.085%, 7d avg −0.021%

Together, before fees−0.317%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.106% dearer against Gate than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of −0.021%): +$11 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.133% in total) that is about 5.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.09 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	Gate SHAZ_USDT	59.030	0	get 0.0000% / 8h	1h 07m	$182K	$40K	20x
Short	Bybit SHAZUSDT	59.080	−0.0809	pay 0.0809% / 8h	1h 07m	$155K	$429K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee BybitbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$169.86
Price spread: +0.085% → −0.021%: $10.59
Slippage, 4 orders: −$615.5
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$800.78
Costs to cover: 6.415%
Break-even: never at this rate

Slippage from Gate: live order book, 29 min ago; Bybit: live order book, 27 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 Gate live order book, 29 min ago	36.59 bp	219.5 bp −$219	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 27 min ago	5.08 bp	126.6 bp −$127	241.1 bp −$2,411	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 SHAZUSDT	−0.2133%	8h	58.990	−0.068%	$478K	$1.9M	10x	as long as short
Variational Omni SHAZ	−0.1830%	8h	58.964	−0.112%	$20K	$30K	—	as long as short
tradeXYZ xyz:SHAZ	−0.1310%	1h	58.974	−0.095%	$1.2M	$285K	10x	as long as short
Bybit SHAZUSDTshort	−0.0809%	8h	59.080	+0.085%	$155K	$429K	25x
KuCoin SHAZUSDTM	−0.0800%	8h	58.980	−0.085%	$72K	$352K	20x	as long as short
edgeX SHAZUSDC	−0.0677%	4h	58.961	−0.116%	$17K	$290K	10x	as long as short
OKX SHAZ-USDT-SWAP	−0.0344%	8h	58.940	−0.152%	$442K	$267K	10x	as long as short
QFEX SHAZ-USD	0.0000%	1h	59.050	+0.034%	$1.1M	$1.8M	10x	as long as short
Gate SHAZ_USDTlong	0.0000%	8h	59.030	long leg	$182K	$40K	20x
Bitget SHAZUSDT	0.0000%	8h	58.930	−0.169%	$204K	$160K	20x	as long as short

Show 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	−0.024%	$6K	$40K	10x	as long as short