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Funding arb · Price arb /

SHAZ

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.1298%/8h= +142.1% APRpaid last 24h +0.241%
Price spread now: Bitget against tradeXYZ+0.002%7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$521as in the Funding arb table
Net, price: spread back to 7d avg − costs−$525as in the Price arb table
costs, in and out, $10k−$5125.119% of the position
Long on tradeXYZShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.094%−$9 on $10k
Price spread, last 4 days (all we have)+0.216%+$22 · spread now +0.002%, 7d avg +0.135%
Together, before fees+0.122%+ Points / potential airdroptradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.133% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.002% now, against its 7-day average of +0.135%). If the spread goes back, that is −$13 on $10k: about 8 hours of funding at the current rate (+$39 a day). Mind the row above: over the last 7 days funding on this pair cost −0.094%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.094% in total (about -4.9% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:SHAZ58.539−0.1298get 0.0162% / 1h3m 02s$1.2M$294K10x
ShortBitget SHAZUSDT58.5400get 0.0000% / 8h3m 02s$201K$160K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$272.56
Price spread: +0.002% → +0.135%
−$13.35
Slippage, 4 orders
−$481.87
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$252.66
Costs to cover
5.119%
Break-even
13.5 days
Slippage from tradeXYZ: live order book, 4 min ago; Bitget: live order book, 27 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 tradeXYZ live order book, 4 min ago3.16 bp78.6 bp −$79doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 27 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
Binance SHAZUSDT−0.2225%8h58.620+0.138%$472K$2.0M10xas long as short
Variational Omni SHAZ−0.1922%8h58.587+0.082%$25K$34K—as long as short
tradeXYZ xyz:SHAZlong−0.1298%1h58.539long leg$1.2M$294K10x
KuCoin SHAZUSDTM−0.0876%8h58.600+0.104%$72K$367K20xas long as short
edgeX SHAZUSDC−0.0768%4h58.589+0.085%$16K$291K10xas long as short
Bybit SHAZUSDT−0.0584%8h58.650+0.190%$156K$433K25xas long as short
OKX SHAZ-USDT-SWAP−0.0224%8h58.630+0.155%$440K$263K10xas long as short
QFEX SHAZ-USD0.0000%1h58.620+0.138%$1.1M$1.8M10xas long as short
Gate SHAZ_USDT0.0000%8h58.620+0.138%$181K$39K20xas long as short
Bitget SHAZUSDTshort0.0000%8h58.540+0.002%$201K$160K20x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX SHAZ-USDT0.0000%8h58.485−0.092%$6K$40K10xas long as short