SHAZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1406%/8h= −154.0% APRnext payment −$14.06 per $10,000 · paid last 24h −0.016%

Price spread now: Binance against KuCoin+0.051%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,918as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,886as in the Price arb table

costs, in and out, $10k−$1,89618.963% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)−0.358%−$36 · spread now +0.051%, 7d avg −0.057%

Together, before fees−0.576%−$58 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.108% dearer against KuCoin than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of −0.057%): +$11 on $10k if it goes back. Holding the pair costs −$42 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.218% in total) that is about 3.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.218% in total (about -11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$14.06 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	KuCoin SHAZUSDTM	59.000	−0.0804	get 0.0804% / 8h	50m 32s	$72K	$353K	20x
Short	Binance SHAZUSDT	59.030	−0.2210	pay 0.2210% / 8h	50m 32s	$478K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.051%Rate

Funding earned: −$295.36
Price spread: +0.051% → −0.057%: $10.8
Slippage, 4 orders: −$1,874.33
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$2,180.89
Costs to cover: 18.963%
Break-even: never at this rate

Slippage from KuCoin: live order book, 52 min ago; Binance: live order book, 13 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 KuCoin live order book, 52 min ago	23.00 bp	373.2 bp −$373	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	3.39 bp	33.2 bp −$33	107.0 bp −$1,070	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 SHAZUSDTshort	−0.2210%	8h	59.030	+0.051%	$478K	$1.9M	10x
Variational Omni SHAZ	−0.1911%	8h	58.988	−0.019%	$21K	$31K	—	as long as short
KuCoin SHAZUSDTMlong	−0.0804%	8h	59.000	long leg	$72K	$353K	20x
Bybit SHAZUSDT	−0.0707%	8h	59.040	+0.068%	$155K	$428K	25x	as long as short
OKX SHAZ-USDT-SWAP	−0.0298%	8h	58.890	−0.186%	$442K	$266K	10x	as long as short
tradeXYZ xyz:SHAZ	−0.0249%	1h	58.942	−0.098%	$1.2M	$286K	10x	as long as short
edgeX SHAZUSDC	−0.0132%	4h	58.998	−0.004%	$17K	$291K	10x	as long as short
QFEX SHAZ-USD	0.0000%	1h	57.000	−3.390%	$1.1M	$1.8M	10x	as long as short
Gate SHAZ_USDT	0.0000%	8h	59.000	0.000%	$182K	$39K	20x	as long as short
Bitget SHAZUSDT	0.0000%	8h	58.930	−0.119%	$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	59.047	+0.080%	$6K	$40K	10x	as long as short