SHOP

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BingXNCSKSHOP2USD-USDT	149.22	+0.0050	pay 0.0050% / 8h	3h 03m	$925K	$1.3M	—	Long BingX
SHORT	BybitSHOPUSDT	149.29	0	0.0000% / 8h	3h 03m	$838K	$110K	25x	Short Bybit

Price gap+0.047%

Funding gap−0.0050% /8h

Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.021% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$10−0.0050% /8h now · paid −0.095% over the last 7D

Price−$2spread +0.047% now, avg +0.068% → −0.021% if it goes back

Costs−$3113.112% of $10k · taker + slippage, in and out

Result−$323−3.23%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Price spread

Prices

Fundingper 8h

P&L

PRICE SPREAD · 7D

Now+0.047%

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 10 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size29.0 / 118.8 bp
At $10k entering Bybit costs 118.8 bp, fee and slippage, 4.1× BingX’s.
Note: Margin at max leverage— + $400
BingX —, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$1.50Long BingX: 3 payments, −$1.50; short Bybit: 3 payments, $0.00.
Watch: Gap narrower than usual+0.047% vs +0.068%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$838K vs $925K OI
Bybit sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBingX Yes · Bybit Yes
Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0045%/8h × 21 periods−$9.50

Price spread+0.047% → +0.068% (7d avg)−$2.08

Slippage, 4 orderslive order books−$290.23

Fee BingX bp × 2 orders−$10.00

Fee Bybit bp × 2 orders−$11.00

Net · 7 days · $10k−$322.81

Costs to cover3.112%Break-evennever at this rate

Slippage: BingX: live order book, 4 min ago; Bybit: live order book, 65 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBingX12.4029.0 bp−$2974.6 bp−$746125.8 bp−$12.6K574.0 bp−$287.0K

SELL · SHORTBybit4.38118.8 bp−$119doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

SHOP news

posts that mention SHOP or Shopify, from every exchangeSearch all news →

09-28 16:43	Avantis	Other	2/ Software and cybersecurity $PANW $FTNT $ADBE $ADSK $INTU $DDOG $WDAY $SHOP $PYPL $MELI $PDD $TTWO $DASH Application layer where the spend actually lives, is AI helping or harming these companies? @verantaxyz on X ↗
09-24 14:13	Avantis	Listing	new market SHOP/USD ($SHOP) seen by our collector
09-22 00:45	Kalshi	Other	BREAKING: Shopify partners with Muse to bring agentic checkout with Shop Pay to all Shopify stores @Kalshi on X ↗
09-15 18:05	Orderly	Other	Creating 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 ↗