SHAZ

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2223%/8h= +243.4% APRnext payment +$2.78 per $10,000 · paid last 24h +0.097%

Price spread now: QFEX against tradeXYZ−0.292%7-day average +0.528% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$343as in the Price arb table

costs, in and out, $10k−$2612.609% of the position

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.058%+$6 on $10k

Price spread, last 7 days+0.354%+$35 · spread now −0.292%, 7d avg +0.528%

Together, before fees+0.411%+ Points / potential airdroptradeXYZ: Active · farm board+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.820% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.292% now, against its 7-day average of +0.528%). If the spread goes back, that is −$82 on $10k: about 30 hours of funding at the current rate (+$67 a day). At the pace of the last 4 days (+0.058% in total) that is about 51 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.058% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.78 per $10,000. 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	59.554	−0.2221	get 0.0278% / 1h	40m 06s	$1.3M	$265K	10x
Short	QFEX SHAZ-USD	59.380	0.0001	get 0.0000% / 1h	40m 06s	$1.2M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 QFEXbpOrdersPrice spread, now −0.292%Rate

Funding earned: $466.75
Price spread: −0.292% → +0.528%: −$81.98
Slippage, 4 orders: −$232.88
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: $123.89
Costs to cover: 2.609%
Break-even: 5.1 days

Slippage from tradeXYZ: live order book, 7 min ago; QFEX: live order book, 1 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, 7 min ago	6.64 bp	48.1 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 1 min ago	64.58 bp	69.6 bp −$70	71.3 bp −$713	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	−0.2221%	1h	59.554	long leg	$1.3M	$265K	10x
edgeX SHAZUSDC	−0.0282%	4h	59.601	+0.079%	$17K	$289K	10x	as long as short
Bybit SHAZUSDT	0.0000%	8h	59.620	+0.111%	$157K	$211K	25x	as long as short
Gate SHAZ_USDT	0.0000%	8h	59.670	+0.195%	$185K	$37K	20x	as long as short
Bitget SHAZUSDT	0.0000%	8h	59.580	+0.044%	$200K	$140K	20x	as long as short
HTX SHAZ-USDT	0.0000%	8h	59.839	+0.479%	$6K	$39K	10x	as long as short
QFEX SHAZ-USDshort	+0.0001%	1h	59.380	−0.292%	$1.2M	$1.4M	10x
OKX SHAZ-USDT-SWAP	+0.0131%	8h	59.640	+0.144%	$447K	$245K	10x	as long as short
Variational Omni SHAZ	+0.0233%	8h	59.590	+0.060%	$20K	$29K	—	as long as short
Binance SHAZUSDT	+0.0278%	8h	59.536	−0.030%	$498K	$1.6M	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	+0.0602%	8h	59.560	+0.010%	$90K	$346K	20x	as long as short