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Funding arb · Price arb /

SHAZ

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC+0.2694%/8h= +295.0% APRpaid last 24h +0.233%
Price spread now: Bybit against tradeXYZ+0.120%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$459as in the Funding arb table
Net, price: spread back to 7d avg − costs−$433as in the Price arb table
costs, in and out, $10k−$4384.382% of the position
Long on tradeXYZShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.210%−$21 on $10k
Price spread, last 4 days (all we have)−0.005%$0 · spread now +0.120%, 7d avg +0.072%
Together, before fees−0.215%+ Points / potential airdroptradeXYZ: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$81 a day on $10k at the current rate, and Bybit is 0.047% dearer against tradeXYZ than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.072%. Mind the row above: over the last 7 days funding on this pair cost −0.210%, 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 -0.210% in total (about -10.9% 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:SHAZ58.550−0.3703get 0.0463% / 1h52m 30s$1.2M$276K10x
ShortBybit SHAZUSDT58.620−0.1008pay 0.1008% / 8h1h 52m$153K$232K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$565.79
Price spread: +0.120% → +0.072%
$4.74
Slippage, 4 orders
−$409.24
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$132.29
Costs to cover
4.382%
Break-even
5.4 days
Slippage from tradeXYZ: live order book, 4 min ago; Bybit: live order book, 47 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 ago3.07 bp53.3 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 47 min ago8.47 bp148.1 bp −$148236.6 bp −$2,366doesn't fitdoesn'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
tradeXYZ xyz:SHAZlong−0.3703%1h58.550long leg$1.2M$276K10x
Binance SHAZUSDT−0.1756%8h58.548−0.004%$473K$1.8M10xas long as short
Variational Omni SHAZ−0.1460%8h58.610+0.102%$20K$29K—as long as short
Bybit SHAZUSDTshort−0.1008%8h58.620+0.120%$153K$232K25x
KuCoin SHAZUSDTM−0.0470%8h58.680+0.222%$73K$351K20xas long as short
OKX SHAZ-USDT-SWAP−0.0226%8h58.500−0.085%$439K$258K10xas long as short
QFEX SHAZ-USD0.0000%1h58.440−0.188%$1.1M$1.6M10xas long as short
Gate SHAZ_USDT0.0000%8h58.770+0.376%$182K$39K20xas long as short
Bitget SHAZUSDT0.0000%8h58.590+0.068%$200K$150K20xas long as short
HTX SHAZ-USDT0.0000%8h58.838+0.492%$6K$40K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SHAZUSDC+0.0457%4h58.612+0.105%$16K$290K10xas long as short