Funding you earn now, next payment 09:00 UTC−0.3444%/8h= −377.1% APRpaid last 24h −0.349%
Price spread now: tradeXYZ against OKX−0.146%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$658as in the Funding arb table
Net, price: spread back to 7d avg − costs−$652as in the Price arb table
costs, in and out, $10k−$6446.444% of the position
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 4 days (all we have)−0.182%−$18 · spread now −0.146%, 7d avg −0.073%
=Together, before fees−0.316%+ Points / potential airdroptradeXYZ: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$103 a day on $10k at the current rate, and tradeXYZ is 0.074% cheaper against OKX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.073%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.134% in total (about -7.0% a year). A funding rate is set anew for every payment. 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 | OKX SHAZ-USDT-SWAP | 58.130 | 0 | get 0.0000% / 8h | 7h 20m | $436K | $256K | 10x |
| Short | tradeXYZ xyz:SHAZ | 58.045 | −0.3444 | pay 0.0431% / 1h | 20m 18s | $1.2M | $298K | 10x |
OKX SHAZ-USDT-SWAP
tradeXYZ xyz:SHAZFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$723.24
- Price spread: −0.146% → −0.073%
- −$7.36
- Slippage, 4 orders
- −$616.41
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$1,375.02
- Costs to cover
- 6.444%
- Break-even
- never at this rate
Slippage from OKX: live order book, 10 min ago; tradeXYZ: live order book, 7 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, 10 min ago | 11.25 bp | 351.7 bp −$352 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 4.25 bp | 77.1 bp −$77 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:SHAZshort | −0.3444% | 1h | 58.045 | −0.146% | $1.2M | $298K | 10x | |
| Binance SHAZUSDT | −0.2042% | 8h | 58.110 | −0.034% | $469K | $2.0M | 10x | as long as short |
| Variational Omni SHAZ | −0.1737% | 8h | 58.107 | −0.040% | $23K | $36K | — | as long as short |
| KuCoin SHAZUSDTM | −0.0547% | 8h | 58.060 | −0.120% | $70K | $415K | 20x | as long as short |
| edgeX SHAZUSDC | −0.0031% | 4h | 57.934 | −0.337% | $16K | $291K | 10x | as long as short |
| OKX SHAZ-USDT-SWAPlong | 0.0000% | 8h | 58.130 | long leg | $436K | $256K | 10x | |
| QFEX SHAZ-USD | 0.0000% | 1h | 58.060 | −0.120% | $1.2M | $1.8M | 10x | as long as short |
| Gate SHAZ_USDT | 0.0000% | 8h | 58.120 | −0.017% | $180K | $39K | 20x | as long as short |
| Bitget SHAZUSDT | 0.0000% | 8h | 58.070 | −0.103% | $199K | $157K | 20x | as long as short |
| HTX SHAZ-USDT | 0.0000% | 8h | 58.078 | −0.089% | $6K | $40K | 10x | as long as short |
Binance SHAZUSDT
Variational Omni SHAZ
KuCoin SHAZUSDTM
edgeX SHAZUSDC
QFEX SHAZ-USD
Gate SHAZ_USDT
Bitget SHAZUSDT
HTX SHAZ-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SHAZUSDT | +0.4046% | 8h | 58.250 | +0.206% | $152K | $438K | 25x | as long as short |
Bybit SHAZUSDT