Funding you earn now, next payment 16:00 UTC−0.0241%/8h= −26.3% APRnext payment −$2.41 per $10,000 · paid last 24h −0.097%
Price spread now: Binance against OKX+0.202%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$877as in the Funding arb table
Net, price: spread back to 7d avg − costs−$889as in the Price arb table
costs, in and out, $10k−$9089.080% of the position
Funding, last 7 days+0.307%+$31 on $10k
+Price spread, last 4 days (all we have)−0.260%−$26 · spread now +0.202%, 7d avg +0.009%
=The price spread pays, funding is against you. Binance is 0.193% dearer against OKX than usual: you sell high and buy low (spread +0.202% now, against its 7-day average of +0.009%): +$19 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.307%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SHAZ-USDT-SWAP | 59.270 | 0 | get 0.0000% / 8h | 5h 56m | $444K | $263K | 10x |
| Short | Binance SHAZUSDT | 59.390 | −0.0241 | pay 0.0241% / 8h | 5h 56m | $486K | $2.1M | 10x |
OKX SHAZ-USDT-SWAP
Binance SHAZUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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
- −$50.51
- Price spread: +0.202% → +0.009%
- $19.32
- Slippage, 4 orders
- −$888.01
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$939.2
- Costs to cover
- 9.080%
- Break-even
- never at this rate
Slippage from OKX: live order book, 52 min ago; Binance: 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 OKX live order book, 52 min ago | 5.97 bp | 395.5 bp −$396 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 5.10 bp | 59.6 bp −$60 | 152.4 bp −$1,524 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SHAZUSDC | −0.0953% | 4h | 59.263 | −0.012% | $17K | $293K | 10x | as long as short |
| Variational Omni SHAZ | −0.0451% | 8h | 59.261 | −0.015% | $23K | $36K | — | as long as short |
| tradeXYZ xyz:SHAZ | −0.0408% | 1h | 59.355 | +0.143% | $1.2M | $300K | 10x | as long as short |
| Binance SHAZUSDTshort | −0.0241% | 8h | 59.390 | +0.202% | $486K | $2.1M | 10x | |
| OKX SHAZ-USDT-SWAPlong | 0.0000% | 8h | 59.270 | long leg | $444K | $263K | 10x | |
| Gate SHAZ_USDT | 0.0000% | 8h | 59.300 | +0.051% | $182K | $41K | 20x | as long as short |
| Bitget SHAZUSDT | 0.0000% | 8h | 59.350 | +0.135% | $196K | $158K | 20x | as long as short |
| HTX SHAZ-USDT | 0.0000% | 8h | 59.450 | +0.304% | $6K | $39K | 10x | as long as short |
| QFEX SHAZ-USD | +0.0008% | 1h | 59.370 | +0.169% | $1.2M | $1.8M | 10x | as long as short |
| KuCoin SHAZUSDTM | +0.0100% | 8h | 59.480 | +0.354% | $78K | $512K | 20x | as long as short |
edgeX SHAZUSDC
Variational Omni SHAZ
tradeXYZ xyz:SHAZ
Gate SHAZ_USDT
Bitget SHAZUSDT
HTX SHAZ-USDT
QFEX SHAZ-USD
KuCoin SHAZUSDTMShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SHAZUSDT | +0.1496% | 8h | 59.390 | +0.202% | $155K | $444K | 25x | as long as short |
Bybit SHAZUSDT