Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Binance−0.059%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$360.359% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.059%, 7d avg −0.039%
=Together, before fees−0.050%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance 1000SHIBUSDT | 0.000006113 | 0.0100 | pay 0.0100% / 8h | 53m 42s | $30.1M | $94.3M | 75x |
| Short | Lighter 1000SHIB | 0.000006109 | 0.0096 | get 0.0012% / 1h | 53m 42s | $154K | $290K | 10x |
Binance 1000SHIBUSDT
Lighter 1000SHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- −$0.84
- Price spread: −0.059% → −0.039%
- −$1.95
- Slippage, 4 orders
- −$25.86
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$38.65
- Costs to cover
- 0.359%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Lighter: live order book, 7 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 Binance live order book, 4 min ago | 0.82 bp | 6.5 bp −$6 | 14.4 bp −$144 | 67.8 bp −$6,775 | 194.6 bp −$97.3K |
| Sell Lighter live order book, 7 min ago | 1.65 bp | 12.8 bp −$13 | 62.0 bp −$620 | doesn't fit | doesn't fit |
SHIB on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006110 | −0.042% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006114 | +0.027% | $73K | $1.9M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006115 | +0.038% | $744 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0032% | 1h | 0.000006113 | +0.007% | $81K | $792K | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000006112 | −0.009% | — | $2.1M | — | as long as short |
| Lighter 1000SHIBshort | +0.0096% | 1h | 0.000006109 | −0.059% | $154K | $290K | 10x | |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006110 | −0.034% | $36K | $175K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006111 | −0.026% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDTlong | +0.0100% | 8h | 0.000006113 | long leg | $30.1M | $94.3M | 75x | |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006113 | +0.007% | $8.8M | $32.5M | 50x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDT
Aster 1000SHIBUSDT
Pacifica kSHIB
OKX SHIB-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006109 | −0.059% | $7.0M | $5.6M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006110 | −0.042% | $30.7M | $16.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006108 | −0.075% | $5.0M | $2.5M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006110 | −0.042% | $11.6M | $13.2M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006118 | +0.089% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006129 | +0.269% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006117 | +0.072% | $546 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006116 | +0.056% | $417K | $613K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006110 | −0.042% | $2.1M | $5.9M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0103% | 8h | 0.000006110 | −0.046% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006110 | −0.037% | $54K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0161% | 1h | 0.000006040 | −1.187% | $248 | $134K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.842% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006110 | −0.042% | $819K | $955K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0241% | 1h | 0.000006119 | +0.105% | $47K | $65K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006113 | +0.014% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0377% | 1h | 0.000006120 | +0.119% | $1.2M | $801K | 50x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0441% | 1h | 0.000006120 | +0.121% | $25K | $6K | 15x | as long as short |
| Hyperliquid kSHIB | +0.0747% | 1h | 0.000006119 | +0.105% | $4.4M | $4.0M | 10x | as long as short |
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Backpack kSHIB_USDC_PERP
Hyperliquid kSHIB