Funding arb · Price arb /

SHAZ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2116%/8h= +231.8% APRpaid last 24h +0.296%

Price spread now: Binance against tradeXYZ+0.007%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$2082.080% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.565%+$56 on $10k

Price spread, last 7 days+0.197%+$20 · spread now +0.007%, 7d avg +0.063%

Together, before fees+0.762%+ Points / potential airdroptradeXYZ: Active · farm board+$76 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.057% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.063%). If the spread goes back, that is −$6 on $10k: about 2 hours of funding at the current rate (+$63 a day). At the pace of the last 7 days (+0.565% in total) that is about 17 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.565% in total (about 29.4% 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	tradeXYZ xyz:SHAZ	59.566	−0.2116	get 0.0265% / 1h	14m 12s	$1.3M	$252K	10x
Short	Binance SHAZUSDT	59.570	0	get 0.0000% / 8h	3h 14m	$498K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.007%Rate

Funding earned: $444.46
Price spread: +0.007% → +0.063%: −$5.67
Slippage, 4 orders: −$180.04
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: $230.74
Costs to cover: 2.080%
Break-even: 3.4 days

Slippage from tradeXYZ: live order book, 3 min ago; Binance: live order book, 4 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 tradeXYZ live order book, 3 min ago	5.63 bp	49.0 bp −$49	103.2 bp −$1,032	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	2.52 bp	54.3 bp −$54	117.1 bp −$1,171	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:SHAZlong	−0.2116%	1h	59.566	long leg	$1.3M	$252K	10x
edgeX SHAZUSDC	−0.0512%	4h	59.554	−0.021%	$17K	$291K	10x	as long as short
Binance SHAZUSDTshort	0.0000%	8h	59.570	+0.007%	$498K	$1.6M	10x
Bybit SHAZUSDT	0.0000%	8h	59.690	+0.208%	$156K	$217K	25x	as long as short
OKX SHAZ-USDT-SWAP	0.0000%	8h	59.580	+0.024%	$447K	$243K	10x	as long as short
Gate SHAZ_USDT	0.0000%	8h	59.670	+0.175%	$185K	$38K	20x	as long as short
Bitget SHAZUSDT	0.0000%	8h	59.670	+0.175%	$201K	$139K	20x	as long as short
Variational Omni SHAZ	0.0000%	8h	59.545	−0.036%	$20K	$29K	—	as long as short
HTX SHAZ-USDT	0.0000%	8h	59.439	−0.213%	$6K	$39K	10x	as long as short
QFEX SHAZ-USD	+0.0001%	1h	59.420	−0.245%	$1.1M	$1.5M	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SHAZUSDTM	+0.0233%	8h	59.560	−0.010%	$87K	$350K	20x	as long as short