Funding you earn now, next payment 09:00 UTC+0.0223%/8h= +24.4% APRpaid last 24h +0.067%
Price spread now: Reya against Binance+0.085%85s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Reya is 0.085% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 85 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 | Binance 1000SHIBUSDT | 0.000006028 | 0.0100 | pay 0.0100% / 8h | 7h 13m | $30.6M | $128.7M | 75x |
| Short | Reya kSHIBRUSDPERP | 0.000006033 | 0.0323 | get 0.0040% / 1h | 13m 58s | $1 | — | 20x |
Binance 1000SHIBUSDT
Reya kSHIBRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $46.75
- Price spread: +0.085% → 0.000%
- $8.49
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $39.24
- Costs to cover
- 0.160%
- Break-even
- 1.1 days
Slippage unknown: Binance: live order book, 14 min ago; Reya: no order-book sample. Net counts fees only.
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, 14 min ago | 0.84 bp | 9.3 bp −$9 | 16.6 bp −$166 | 71.5 bp −$7,149 | 199.5 bp −$99.7K |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0024% | 1h | 0.000006039 | +0.183% | $131K | $1.7M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006049 | +0.347% | $157K | $3.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006036 | +0.135% | $570 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.199% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0036% | 8h | 0.000006036 | +0.133% | — | $2.2M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0081% | 1h | 0.000006043 | +0.249% | $54K | $55K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006041 | +0.216% | $155K | $646K | 10x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0099% | 1h | 0.000006037 | +0.147% | $1.2M | $1.0M | 50x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006042 | +0.233% | $41K | $299K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006044 | +0.266% | $12K | $6K | 10x | as long as short |
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
Kraken Futures PF_SHIBUSD
Aster 1000SHIBUSDT
Pacifica kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDTlong | +0.0100% | 8h | 0.000006028 | long leg | $30.6M | $128.7M | 75x | |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006026 | −0.033% | $9.7M | $46.3M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006033 | +0.083% | $7.1M | $7.1M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006030 | +0.033% | $28.4M | $20.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006033 | +0.083% | $4.6M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006026 | −0.033% | $11.4M | $17.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006038 | +0.166% | $23K | $9K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006042 | +0.232% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006053 | +0.415% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006039 | +0.183% | $515 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006039 | +0.183% | $416K | $567K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006038 | +0.166% | $2.1M | $7.8M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000006047 | +0.317% | $7K | $13 | 20x | as long as short |
| Hyperliquid kSHIB | +0.0104% | 1h | 0.000006044 | +0.266% | $3.7M | $5.5M | 10x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006026 | −0.035% | $53K | $4K | 25x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | −0.464% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006033 | +0.083% | $840K | $932K | 50x | as long as short |
| Reya kSHIBRUSDPERPshort | +0.0323% | 1h | 0.000006033 | +0.085% | $1 | — | 20x | |
| dYdX SHIB-USD | +0.8043% | 1h | 0.000006044 | +0.266% | $32K | $87K | 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
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Hyperliquid kSHIB
Extended 1000SHIB-USD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
dYdX SHIB-USD