Funding you earn now, next payment 06:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.035%
Price spread now: Bybit against Extended+1.070%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$2362.360% of the position
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 4 days (all we have)−0.882%−$88 · spread now +1.070%, 7d avg +0.085%
=Together, before fees−1.086%+ Points / potential airdropExtended: Active · farm board−$109 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.986% dearer against Extended than usual: you sell high and buy low (spread +1.070% now, against its 7-day average of +0.085%): +$99 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 27 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 | 54m 29s | $263K | $6K | 10x |
| Short | Bybit SHOPUSDT | 140.21 | 0 | get 0.0000% / 8h | 2h 54m | $855K | $92K | 25x |
Extended SHOP-USD
Bybit SHOPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +1.070% → +0.085%
- $98.58
- Slippage, 4 orders
- −$220
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$162.62
- Costs to cover
- 2.360%
- Break-even
- never at this rate
Slippage from Extended: live order book, 58 min ago; Bybit: live order book, 56 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, 58 min ago | 36.76 bp | 39.3 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 56 min ago | 6.07 bp | 106.1 bp −$106 | doesn't fit | 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 | −0.0124% | 4h | 139.92 | +0.861% | $18K | $224K | 10x | as long as short |
| Binance SHOPUSDT | 0.0000% | 8h | 140.14 | +1.020% | $390K | $886K | 20x | as long as short |
| Bybit SHOPUSDTshort | 0.0000% | 8h | 140.21 | +1.070% | $855K | $92K | 25x | |
| OKX SHOP-USDT-SWAP | 0.0000% | 8h | 140.18 | +1.049% | $125K | $324K | 20x | as long as short |
| Bitget SHOPUSDT | 0.0000% | 8h | 140.04 | +0.948% | $318K | $180K | 20x | as long as short |
| HTX SHOP-USDT | +0.0100% | 8h | 140.06 | +0.962% | $9K | $350K | 10x | as long as short |
| Extended SHOP-USDlong | +0.0120% | 1h | 138.72 | long leg | $263K | $6K | 10x | |
| Gate SHOP_USDT | +0.0875% | 8h | 139.97 | +0.897% | $270K | $62K | 20x | as long as short |
edgeX SHOPUSDC
Binance SHOPUSDT
OKX SHOP-USDT-SWAP
Bitget SHOPUSDT
HTX SHOP-USDT
Gate SHOP_USDT