Funding arb · Price arb /

SHIB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Binance−0.099%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 7 days+0.131%+$13 · spread now −0.099%, 7d avg −0.037%

Together, before fees+0.176%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.062% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000SHIBUSDT	0.000006058	0.0100	pay 0.0100% / 8h	42m 28s	$30.5M	$127.4M	75x
Short	MEXC SHIB_USDT	0.000006052	0.0100	get 0.0100% / 8h	42m 28s	$28.1M	$19.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee MEXCbpOrdersPrice spread, now −0.099%Rate

Funding earned: $0
Price spread: −0.099% → −0.037%: −$6.16
Slippage, 4 orders: −$14.72
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$30.88
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; MEXC: live order book, 1 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, 16 min ago	0.83 bp	8.1 bp −$8	15.7 bp −$157	66.2 bp −$6,618	201.0 bp −$100.5K
Sell MEXC live order book, 1 min ago	0.83 bp	4.6 bp −$5	9.8 bp −$98	45.6 bp −$4,563	73.9 bp −$37.0K

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
Coinbase International 1000SHIB-PERP-INTX	−0.0016%	1h	0.000006025	−0.545%	$117K	$1.6M	50x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006026	−0.528%	$116K	$3.2M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006024	−0.553%	$570	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	−0.297%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDT	+0.0070%	8h	0.000006053	−0.082%	—	$2.3M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006059	+0.017%	$158K	$640K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006051	−0.117%	$41K	$329K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006054	−0.066%	$12K	$5K	10x	as long as short
Binance 1000SHIBUSDTlong	+0.0100%	8h	0.000006058	long leg	$30.5M	$127.4M	75x
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006055	−0.049%	$9.2M	$43.7M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SHIB_USDT	+0.0100%	8h	0.000006051	−0.115%	$7.1M	$7.3M	75x	as long as short
MEXC SHIB_USDTshort	+0.0100%	8h	0.000006052	−0.099%	$28.1M	$19.8M	300x
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006044	−0.231%	$4.7M	$3.2M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006051	−0.115%	$11.4M	$17.1M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006049	−0.148%	$23K	$8K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006039	−0.313%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006041	−0.280%	$2K	$27K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006036	−0.363%	$517	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006030	−0.462%	$411K	$576K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006033	−0.413%	$2.1M	$7.6M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0104%	8h	0.000006058	0.000%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006054	−0.068%	$53K	$4K	25x	as long as short
Kraken Futures PF_SHIBUSD	+0.0199%	1h	0.000006034	−0.392%	$1.2M	$1.0M	50x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0212% / S −0.2404%	1h	0.000006000	−0.957%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006033	−0.413%	$868K	$939K	50x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0247%	1h	0.000006038	−0.330%	$50K	$59K	25x	as long as short
Hyperliquid kSHIB	+0.0290%	1h	0.000006054	−0.066%	$3.6M	$5.5M	10x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006049	−0.153%	$1	—	20x	as long as short
dYdX SHIB-USD	+0.1897%	1h	0.000006055	−0.053%	$36K	$70K	10x	as long as short