TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

SHOP

RWAAll SHOP markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
AvantisSHOP/USD
157.62L +0.0054S 0pay 0.0007% / 1h58m 29s$1.8M—25xLong Avantis
SHORT
BybitSHOPUSDT
158.3600.0000% / 8h3h 58m$384K$262K25xShort Bybit
Price gap+0.470%
Funding gap−0.0054% /8h

The gap pays +$36 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 22 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$11−0.0054% /8h now · paid −0.113% over the last 7D
Price+$36spread +0.470% now, avg +0.112% → +0.358% if it goes back
Costsno datano order book for Avantis
Result, before costs+$24+0.24%+ Points / potential airdropAvantis: Season 3 · farm boardcosts unknown: no order book for Avantis · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.470%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SHOP on 12 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Note: Order book unknown—
    No order-book sample for Avantis: its slippage is not counted.
  • Note: Margin at max leverage$400 + $400
    Avantis 25x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$1.61Long Avantis: 24 payments, −$1.61; short Bybit: 3 payments, $0.00.
  • OK: Entry gap works for you+0.470% vs +0.112%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$384K vs $1.8M OI
    Bybit sets your exit cost. Check its book before closing.
  • OK: Points on a legAvantis Season 3
    Volume here counts toward the points program.
  • Watch: KYCAvantis No · Bybit Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0054%/8h × 21 periods−$11.28
Price spread+0.470% → +0.112% (7d avg)+$35.76
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$9.00
Fee Bybit bp × 2 orders−$11.00
Net, fees only · 7 days · $10k+$4.48
Costs to cover0.200%Break-evenfrom the start
Slippage: Avantis: no order-book sample; Bybit: live order book, 20 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGAvantis—————
SELL · SHORTBybit13.59114.8 bp−$1151013.6 bp−$10.1Kdoesn’t fitdoesn’t fit

Closing costs about the same again.
Avantis: no data.

Alert

SHOP news

posts that mention SHOP or Shopify, from every exchangeSearch all news →
10-11 12:00KuCoinOtherSolana’s stablecoin supply is holding above $15 billion, and holder addresses just hit a record 14.02 million, up more than 4 million since the start of 2026. Payments are driving the next leg. Samsung Wallet plans USDC transfers for its ~82 million US Galaxy devices by late October, and Open USD launched natively on Solana with Visa, Mastercard, Stripe, and Shopify among its founding partners. Can Solana turn that scale into everyday payments? Find out on the KuCoin Blog 👇 @kucoincom on X ↗
10-02 17:56Variational OmniListingnew market SHOP ($SHOP) seen by our collector
09-28 16:43AvantisOther2/ Software and cybersecurity $PANW $FTNT $ADBE $ADSK $INTU $DDOG $WDAY $SHOP $PYPL $MELI $PDD $TTWO $DASH Application layer where the spend actually lives, is AI helping or harming these companies? @verantaxyz on X ↗
09-24 14:13AvantisListingnew market SHOP/USD ($SHOP) seen by our collector
09-22 00:45KalshiOtherBREAKING: Shopify partners with Muse to bring agentic checkout with Shop Pay to all Shopify stores @Kalshi on X ↗
09-15 18:05OrderlyOtherCreating a Perp DEX from scratch used to cost $500,000+ and take hundreds of hours. Build a matching engine. Bootstrap liquidity. Onboard market makers. Get your own smart contracts audited. Then relist every market by hand. Then hope anyone shows up. Now... $10. One time. 30 minutes to live. Orderly One is Shopify for Perp DEXs, you bring the brand, we bring the orderbook, the liquidity, and the markets. The time to build is now👇🏼 @OrderlyNetwork on X ↗