Settings8H · net · $10k
Funding arb · Price arb /

SHAZ

RWAall SHAZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0619%/8h= +67.8% APRnext payment +$6.19 per $10,000 · paid last 24h −0.099%
Price spread now: Bitget against KuCoin+0.190%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,061as in the Price arb table
costs, in and out, $10k−$2,08120.808% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.878%−$88 on $10k
Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.190%, 7d avg −0.004%
Together, before fees−1.035%−$103 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Bitget is 0.194% dearer against KuCoin than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.878%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SHAZUSDTM57.750−0.0619get 0.0619% / 8h7h 25m$71K$411K20x
ShortBitget SHAZUSDT57.8600get 0.0000% / 8h7h 25m$198K$158K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$129.99
Price spread: +0.190% → −0.004%
$19.42
Slippage, 4 orders
−$2,056.82
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$1,931.41
Costs to cover
20.808%
Break-even
111.0 days
Slippage from KuCoin: live order book, 67 min ago; Bitget: live order book, 64 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 KuCoin live order book, 67 min ago21.18 bp347.4 bp −$347doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 64 min ago15.30 bp181.9 bp −$182218.1 bp −$2,181391.0 bp −$39.1Kdoesn'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−0.3520%1h57.713−0.064%$1.2M$298K10xas long as short
Binance SHAZUSDT−0.2099%8h57.746−0.006%$466K$2.0M10xas long as short
Variational Omni SHAZ−0.1771%8h57.804+0.093%$23K$36Kas long as short
edgeX SHAZUSDC−0.0939%4h57.724−0.044%$16K$290K10xas long as short
KuCoin SHAZUSDTMlong−0.0619%8h57.750long leg$71K$411K20x
OKX SHAZ-USDT-SWAP0.0000%8h57.640−0.190%$432K$254K10xas long as short
QFEX SHAZ-USD0.0000%1h56.580−2.026%$1.1M$1.8M10xas long as short
Gate SHAZ_USDT0.0000%8h57.730−0.035%$179K$39K20xas long as short
Bitget SHAZUSDTshort0.0000%8h57.860+0.190%$198K$158K20x
HTX SHAZ-USDT0.0000%8h57.764+0.024%$6K$40K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SHAZUSDT+0.3475%8h57.830+0.139%$152K$438K25xas long as short