Funding you earn now, next payment 08:00 UTC+0.0252%/8h= +27.6% APRnext payment +$2.52 per $10,000 · paid last 24h −0.183%
Price spread now: Bybit against KuCoin+0.205%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,037as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,908as in the Price arb table
costs, in and out, $10k−$1,93419.344% of the position
Funding, last 7 days−1.025%−$102 on $10k
+Price spread, last 4 days (all we have)−0.334%−$33 · spread now +0.205%, 7d avg −0.062%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.267% dearer against KuCoin than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.062%. Mind the row above: over the last 7 days funding on this pair cost −1.025%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SHAZUSDTM | 58.560 | −0.0882 | get 0.0882% / 8h | 13m 21s | $72K | $359K | 20x |
| Short | Bybit SHAZUSDT | 58.680 | −0.0630 | pay 0.0630% / 8h | 13m 21s | $156K | $435K | 25x |
KuCoin SHAZUSDTM
Bybit SHAZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $52.89
- Price spread: +0.205% → −0.062%
- $26.73
- Slippage, 4 orders
- −$1,911.37
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,854.76
- Costs to cover
- 19.344%
- Break-even
- 252.5 days
Slippage from KuCoin: live order book, 19 min ago; Bybit: live order book, 16 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, 19 min ago | 21.18 bp | 347.4 bp −$347 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 16 min ago | 4.24 bp | 125.2 bp −$125 | 247.4 bp −$2,474 | 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 | −0.2239% | 8h | 58.590 | +0.051% | $473K | $2.0M | 10x | as long as short |
| Variational Omni SHAZ | −0.1915% | 8h | 58.496 | −0.109% | $25K | $34K | — | as long as short |
| tradeXYZ xyz:SHAZ | −0.1111% | 1h | 58.504 | −0.096% | $1.2M | $294K | 10x | as long as short |
| KuCoin SHAZUSDTMlong | −0.0882% | 8h | 58.560 | long leg | $72K | $359K | 20x | |
| edgeX SHAZUSDC | −0.0777% | 4h | 58.521 | −0.066% | $16K | $292K | 10x | as long as short |
| Bybit SHAZUSDTshort | −0.0630% | 8h | 58.680 | +0.205% | $156K | $435K | 25x | |
| OKX SHAZ-USDT-SWAP | −0.0239% | 8h | 58.660 | +0.171% | $440K | $264K | 10x | as long as short |
| QFEX SHAZ-USD | 0.0000% | 1h | 58.630 | +0.120% | $1.2M | $1.8M | 10x | as long as short |
| Gate SHAZ_USDT | 0.0000% | 8h | 58.670 | +0.188% | $181K | $39K | 20x | as long as short |
| Bitget SHAZUSDT | 0.0000% | 8h | 58.540 | −0.034% | $201K | $161K | 20x | as long as short |
Binance SHAZUSDT
Variational Omni SHAZ
tradeXYZ xyz:SHAZ
edgeX SHAZUSDC
OKX SHAZ-USDT-SWAP
QFEX SHAZ-USD
Gate SHAZ_USDT
Bitget SHAZUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SHAZ-USDT | 0.0000% | 8h | 58.626 | +0.113% | $6K | $40K | 10x | as long as short |
HTX SHAZ-USDT