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

SHEIN

RWAall SHEIN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0309%/8h= −33.8% APRnext payment $3.09 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against OKX−0.185%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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.185% cheaper against OKX than usual: you would sell low and buy high (−$19 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SHEIN-USDT-SWAP4.86100.0309pay 0.0309% / 8h5h 26m$141K$236K10x
ShortGate SHEIN_USDT4.85200get 0.0000% / 8h5h 26m$48K$43K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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
−$64.84
Price spread: −0.185% → 0.000%
−$18.51
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$108.35
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: OKX: live order book, 17 min ago; Gate: no order-book sample. 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 OKX live order book, 17 min ago6.16 bp54.9 bp −$55doesn't fitdoesn't fitdoesn't fit
Sell Gate no order-book sample
Gate: 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%8h4.8600−0.021%$394K$106K25xas long as short
Gate SHEIN_USDTshort0.0000%8h4.8520−0.185%$48K$43K50x
Bitget SHEINUSDT0.0000%8h4.8620+0.021%$248K$276K20xas long as short
HTX SHEIN-USDT0.0000%1h4.8659+0.101%$7K$382K20xas long as short
Lighter SHEIN+0.0032%1h4.8560−0.103%$65K$1.0M5xas long as short
Lighter RH SHEIN+0.0032%1h4.8580−0.062%$32K$60K5xas long as short
OKX SHEIN-USDT-SWAPlong+0.0309%8h4.8610long leg$141K$236K10x
tradeXYZ xyz:SHEIN+0.1279%1h4.8519−0.187%$735K$263K10xas long as short