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

SHEIN

RWAall SHEIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.1243%/8h= +136.1% APRnext payment +$1.55 per $10,000 · paid last 24h +0.142%
Price spread now: tradeXYZ against Lighter RH−0.124%7-day average · 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+1.035%+$103 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm boardneeds both histories
Funding pays, the price is against you. tradeXYZ is 0.124% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 8 hours of funding at the current rate (+$37 a day). At the pace of the last 7 days (+1.035% in total) that is about 20 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH SHEIN4.85790.0032pay 0.0004% / 1h24m 15s$32K$60K5x
ShorttradeXYZ xyz:SHEIN4.85190.1275get 0.0159% / 1h24m 15s$735K$263K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ against Lighter RH. 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
$261.06
Price spread: −0.124% → 0.000%
−$12.35
Slippage, 4 orders
no order book: not counted
Fee Lighter RH: 0 bp × 2 orders
$0
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
$230.71
Costs to cover
0.180%
Break-even
0.8 days
Slippage unknown: Lighter RH: no order-book sample; 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 Lighter RH no order-book sample
Sell tradeXYZ live order book, 15 min ago12.77 bp67.5 bp −$68doesn't fitdoesn't fitdoesn't fit
Lighter RH: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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+0.043%$394K$106K25xas long as short
Gate SHEIN_USDT0.0000%8h4.8510−0.142%$48K$43K50xas long as short
Bitget SHEINUSDT0.0000%8h4.8610+0.064%$248K$276K20xas long as short
HTX SHEIN-USDT0.0000%1h4.8769+0.391%$7K$382K20xas long as short
Lighter SHEIN+0.0032%1h4.8569−0.021%$65K$1.0M5xas long as short
Lighter RH SHEINlong+0.0032%1h4.8579long leg$32K$60K5x
OKX SHEIN-USDT-SWAP+0.0315%8h4.8610+0.064%$141K$236K10xas long as short
tradeXYZ xyz:SHEINshort+0.1275%1h4.8519−0.124%$735K$263K10x