Funding you earn now, next payment 05:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.018%
Price spread now: Binance against Extended+0.562%7-day average +0.287% · you sell dearer than you buy
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$1151.154% of the position
Funding, last 7 days−0.187%−$19 on $10k
+Price spread, last 2 days (all we have)−0.699%−$70 · spread now +0.562%, 7d avg +0.287%
=Together, before fees−0.886%+ Points / potential airdropExtended: Active · farm board−$89 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.275% dearer against Extended than usual: you sell high and buy low (spread +0.562% now, against its 7-day average of +0.287%): +$28 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 7.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended SHOP-USD | 138.72 | 0.0120 | pay 0.0015% / 1h | 30m 07s | $263K | $6K | 10x |
| Short | Binance SHOPUSDT | 139.51 | 0 | get 0.0000% / 8h | 3h 30m | $389K | $873K | 20x |
Extended SHOP-USD
Binance SHOPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.2
- Price spread: +0.562% → +0.287%
- $27.53
- Slippage, 4 orders
- −$100.37
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$113.04
- Costs to cover
- 1.154%
- Break-even
- never at this rate
Slippage from Extended: live order book, 22 min ago; Binance: live order book, 17 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 22 min ago | 36.76 bp | 39.3 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 17 min ago | 1.07 bp | 14.8 bp −$15 | 69.6 bp −$696 | doesn't fit | doesn't fit |
SHOP on 8 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX SHOPUSDC | −0.0388% | 4h | 139.37 | +0.468% | $18K | $225K | 10x | as long as short |
| Binance SHOPUSDTshort | 0.0000% | 8h | 139.51 | +0.562% | $389K | $873K | 20x | |
| Bybit SHOPUSDT | 0.0000% | 8h | 139.65 | +0.667% | $854K | $88K | 25x | as long as short |
| OKX SHOP-USDT-SWAP | 0.0000% | 8h | 139.37 | +0.465% | $125K | $321K | 20x | as long as short |
| Bitget SHOPUSDT | 0.0000% | 8h | 139.47 | +0.537% | $317K | $180K | 20x | as long as short |
| HTX SHOP-USDT | +0.0100% | 8h | 139.41 | +0.494% | $9K | $350K | 10x | as long as short |
| Extended SHOP-USDlong | +0.0120% | 1h | 138.72 | long leg | $263K | $6K | 10x | |
| Gate SHOP_USDT | +0.1263% | 8h | 139.32 | +0.429% | $268K | $60K | 20x | as long as short |
edgeX SHOPUSDC
Bybit SHOPUSDT
OKX SHOP-USDT-SWAP
Bitget SHOPUSDT
HTX SHOP-USDT
Gate SHOP_USDT