Settings8H · net · $10k
Funding arb · Price arb /

SHEIN

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Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.1275%/8h= +139.6% APRnext payment +$1.59 per $10,000 · paid last 24h +0.151%
Price spread now: tradeXYZ against HTX−0.421%49s7-day average −0.221% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+1.112%+$111 on $10k
Price spread, last 4 days (all we have)+0.226%+$23 · spread now −0.421%, 7d avg −0.221%
Together, before fees+1.338%+ Points / potential airdroptradeXYZ: Active · farm board+$134 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.199% cheaper against HTX than usual: you would sell low and buy high (spread −0.421% now, against its 7-day average of −0.221%). If the spread goes back, that is −$20 on $10k: about 13 hours of funding at the current rate (+$38 a day). At the pace of the last 7 days (+1.112% in total) that is about 30 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SHEIN-USDT4.87240get 0.0000% / 1h24m 20s$7K$382K20x
ShorttradeXYZ xyz:SHEIN4.85190.1275get 0.0159% / 1h24m 20s$735K$263K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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
$267.78
Price spread: −0.421% → −0.221%
−$19.94
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
$217.84
Costs to cover
0.300%
Break-even
1.3 days
Slippage unknown: HTX: live order book, 22 min ago; tradeXYZ: live order book, 15 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 22 min ago40.55 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell tradeXYZ live order book, 15 min ago12.77 bp67.5 bp −$68doesn't fitdoesn't fitdoesn't fit

SHEIN on 8 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SHEINUSDT0.0000%8h4.8600−0.254%$394K$106K25xas long as short
Gate SHEIN_USDT0.0000%8h4.8510−0.439%$48K$43K50xas long as short
Bitget SHEINUSDT0.0000%8h4.8620−0.213%$248K$276K20xas long as short
HTX SHEIN-USDTlong0.0000%1h4.8724long leg$7K$382K20x
Lighter SHEIN+0.0032%1h4.8568−0.320%$65K$1.0M5xas long as short
Lighter RH SHEIN+0.0032%1h4.8580−0.296%$32K$60K5xas long as short
OKX SHEIN-USDT-SWAP+0.0315%8h4.8610−0.234%$141K$236K10xas long as short
tradeXYZ xyz:SHEINshort+0.1275%1h4.8519−0.421%$735K$263K10x