Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.013%
Price spread now: Binance against HTX−0.159%53s7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$535as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$5165.161% of the position
Funding, last 7 days−0.193%−$19 on $10k
+Price spread, last 2 days (all we have)+0.240%+$24 · spread now −0.159%, 7d avg −0.083%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.076% cheaper against HTX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.083%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SHOP-USDT | 140.67 | 0.0100 | pay 0.0100% / 8h | 6h 20m | $9K | $354K | 10x |
| Short | Binance SHOPUSDT | 140.45 | 0 | get 0.0000% / 8h | 6h 20m | $380K | $1.1M | 20x |
HTX SHOP-USDT
Binance SHOPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against HTX. 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
- −$21
- Price spread: −0.159% → −0.083%
- −$7.59
- Slippage, 4 orders
- −$494.09
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$544.69
- Costs to cover
- 5.161%
- Break-even
- never at this rate
Slippage from HTX: live order book, 30 min ago; Binance: live order book, 5 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 HTX live order book, 30 min ago | 39.38 bp | 215.6 bp −$216 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 7.83 bp | 28.0 bp −$28 | 125.5 bp −$1,255 | doesn't fit | doesn't fit |
SHOP on 8 exchanges
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 | −0.0456% | 4h | 140.45 | −0.158% | $18K | $226K | 10x | as long as short |
| Binance SHOPUSDTshort | 0.0000% | 8h | 140.45 | −0.159% | $380K | $1.1M | 20x | |
| Bybit SHOPUSDT | 0.0000% | 8h | 140.51 | −0.114% | $851K | $111K | 25x | as long as short |
| OKX SHOP-USDT-SWAP | 0.0000% | 8h | 140.26 | −0.291% | $118K | $357K | 20x | as long as short |
| Gate SHOP_USDT | 0.0000% | 8h | 140.28 | −0.277% | $276K | $70K | 20x | as long as short |
| Bitget SHOPUSDT | 0.0000% | 8h | 140.39 | −0.199% | $341K | $253K | 20x | as long as short |
| HTX SHOP-USDTlong | +0.0100% | 8h | 140.67 | long leg | $9K | $354K | 10x | |
| Extended SHOP-USD | +0.0120% | 1h | 140.39 | −0.196% | $265K | $6K | 10x | as long as short |
edgeX SHOPUSDC
Bybit SHOPUSDT
OKX SHOP-USDT-SWAP
Gate SHOP_USDT
Bitget SHOPUSDT
Extended SHOP-USD