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: Phemex against Binance+0.016%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$540.538% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.016%, 7d avg −0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.024% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance 1000SHIBUSDT | 0.000006039 | 0.0100 | pay 0.0100% / 8h | 41m 50s | $30.5M | $127.5M | 75x |
| Short | Phemex u1000SHIBUSDT | 0.000006040 | 0.0100 | get 0.0100% / 8h | 41m 50s | $2.1M | $7.6M | 50x |
Binance 1000SHIBUSDT
Phemex u1000SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- Price spread: +0.016% → −0.008%
- $2.41
- Slippage, 4 orders
- −$31.77
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$51.35
- Costs to cover
- 0.538%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; Phemex: live order book, 2 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, 1 min ago | 1.65 bp | 10.7 bp −$11 | 17.8 bp −$178 | 60.9 bp −$6,088 | 180.0 bp −$90.0K |
| Sell Phemex live order book, 2 min ago | 4.97 bp | 21.6 bp −$22 | 68.2 bp −$682 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTX | −0.0016% | 1h | 0.000006025 | −0.232% | $117K | $1.6M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006050 | +0.187% | $120K | $3.2M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006046 | +0.110% | $571 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.016% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0070% | 8h | 0.000006038 | −0.017% | — | $2.3M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0081% | 1h | 0.000006048 | +0.149% | $51K | $59K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006039 | 0.000% | $157K | $640K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006039 | +0.001% | $41K | $329K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006054 | +0.248% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDTlong | +0.0100% | 8h | 0.000006039 | long leg | $30.5M | $127.5M | 75x |
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006038 | −0.017% | $9.2M | $43.5M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006036 | −0.050% | $7.1M | $7.3M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006038 | −0.017% | $28.1M | $19.8M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006040 | +0.016% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006039 | 0.000% | $11.4M | $17.1M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006042 | +0.049% | $23K | $8K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006047 | +0.132% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006056 | +0.281% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006040 | +0.016% | $521 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006046 | +0.115% | $412K | $576K | 75x | as long as short |
| Phemex u1000SHIBUSDTshort | +0.0100% | 8h | 0.000006040 | +0.016% | $2.1M | $7.6M | 50x | |
| Paradex kSHIB-USD-PERP | +0.0104% | 8h | 0.000006058 | +0.314% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006036 | −0.052% | $54K | $4K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0199% | 1h | 0.000006037 | −0.038% | $1.2M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | −0.646% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006033 | −0.100% | $868K | $939K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0277% | 1h | 0.000006045 | +0.099% | $3.6M | $5.5M | 10x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006049 | +0.160% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.2197% | 1h | 0.000006039 | −0.004% | $36K | $70K | 10x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Hyperliquid kSHIB
Reya kSHIBRUSDPERP
dYdX SHIB-USD