Funding arb · Price arb /

SHAZ

RWAall SHAZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0448%/8h= +49.0% APRpaid last 24h −0.071%

Price spread now: edgeX against Gate+0.112%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$392as in the Funding arb table

Net, price: spread back to 7d avg − costs−$352as in the Price arb table

costs, in and out, $10k−$3633.630% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.288%−$29 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.112%, 7d avg −0.001%

Together, before fees−0.418%+ Points / potential airdropedgeX: Active · farm board−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and edgeX is 0.114% dearer against Gate than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.288%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.288% in total (about -15.0% a year). A funding rate is set anew for every payment. 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	Gate SHAZ_USDT	58.960	0	get 0.0000% / 8h	4h 09m	$180K	$42K	20x
Short	edgeX SHAZUSDC	59.026	0.0448	get 0.0224% / 4h	9m 17s	$17K	$290K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now +0.112%Rate

Funding earned: $94.05
Price spread: +0.112% → −0.001%: $11.36
Slippage, 4 orders: −$339.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$257.62
Costs to cover: 3.630%
Break-even: 26.2 days

Slippage from Gate: live order book, 25 min ago; edgeX: live order book, 32 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, 25 min ago	30.44 bp	128.8 bp −$129	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 32 min ago	14.38 bp	45.8 bp −$46	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	−0.2426%	1h	58.905	−0.093%	$1.2M	$315K	10x	as long as short
QFEX SHAZ-USD	0.0000%	1h	58.960	0.000%	$1.1M	$1.9M	10x	as long as short
Gate SHAZ_USDTlong	0.0000%	8h	58.960	long leg	$180K	$42K	20x
Bitget SHAZUSDT	0.0000%	8h	58.950	−0.017%	$191K	$160K	20x	as long as short
HTX SHAZ-USDT	0.0000%	8h	59.061	+0.171%	$6K	$39K	10x	as long as short
OKX SHAZ-USDT-SWAP	+0.0070%	8h	59.050	+0.153%	$442K	$263K	10x	as long as short
edgeX SHAZUSDCshort	+0.0448%	4h	59.026	+0.112%	$17K	$290K	10x
Bybit SHAZUSDT	+0.0835%	8h	58.950	−0.017%	$149K	$478K	25x	as long as short
Variational Omni SHAZ	+0.1044%	8h	58.893	−0.113%	$42K	$59K	—	as long as short
Binance SHAZUSDT	+0.1280%	8h	58.904	−0.095%	$467K	$2.2M	10x	as long as short

Show all 11 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SHAZUSDTM	+0.1739%	8h	59.000	+0.068%	$77K	$641K	20x	as long as short