Funding arb · Price arb /

SHAZ

RWAall SHAZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1188%/8h= +130.1% APRpaid last 24h +0.290%

Price spread now: OKX against tradeXYZ−0.091%7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$283as in the Funding arb table

Net, price: spread back to 7d avg − costs−$309as in the Price arb table

costs, in and out, $10k−$2932.927% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.091%, 7d avg +0.073%

Together, before fees+0.357%+ Points / potential airdroptradeXYZ: Active · farm board+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.163% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of +0.073%). If the spread goes back, that is −$16 on $10k: about 11 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.100% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% 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	59.574	−0.1188	get 0.0148% / 1h	45m 39s	$1.3M	$254K	10x
Short	OKX SHAZ-USDT-SWAP	59.520	0	get 0.0000% / 8h	2h 45m	$446K	$243K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.091%Rate

Funding earned: $249.46
Price spread: −0.091% → +0.073%: −$16.33
Slippage, 4 orders: −$264.66
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$59.53
Costs to cover: 2.927%
Break-even: 8.7 days

Slippage from tradeXYZ: live order book, 2 min ago; OKX: live order book, 65 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, 2 min ago	3.11 bp	48.3 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 65 min ago	6.72 bp	89.9 bp −$90	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:SHAZlong	−0.1188%	1h	59.574	long leg	$1.3M	$254K	10x
edgeX SHAZUSDC	−0.0857%	4h	59.565	−0.015%	$17K	$291K	10x	as long as short
Binance SHAZUSDT	−0.0020%	8h	59.573	−0.002%	$498K	$1.6M	10x	as long as short
Bybit SHAZUSDT	0.0000%	8h	59.610	+0.060%	$157K	$217K	25x	as long as short
OKX SHAZ-USDT-SWAPshort	0.0000%	8h	59.520	−0.091%	$446K	$243K	10x
Gate SHAZ_USDT	0.0000%	8h	59.600	+0.044%	$185K	$37K	20x	as long as short
Bitget SHAZUSDT	0.0000%	8h	59.610	+0.060%	$201K	$138K	20x	as long as short
Variational Omni SHAZ	0.0000%	8h	59.565	−0.016%	$20K	$29K	—	as long as short
HTX SHAZ-USDT	0.0000%	8h	59.389	−0.311%	$6K	$39K	10x	as long as short
QFEX SHAZ-USD	0.0000%	1h	59.460	−0.191%	$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	+0.0100%	8h	59.530	−0.074%	$83K	$340K	20x	as long as short