Funding you earn now, next payment 00:00 UTC+0.0106%/8h= +11.6% APRnext payment +$1.06 per $10,000 · paid last 24h +0.020%
Price spread now: Binance against BingX+0.062%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$360.357% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 7 days−0.049%−$5 · spread now +0.062%, 7d avg +0.031%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.031% dearer against BingX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000SHIB-USDT | 0.000005945 | −0.0006 | get 0.0006% / 8h | 2h 54m | — | $2.1M | — |
| Short | Binance 1000SHIBUSDT | 0.000005949 | 0.0100 | get 0.0100% / 8h | 2h 54m | $29.1M | $87.6M | 75x |
BingX 1000SHIB-USDT
Binance 1000SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- $22.26
- Price spread: +0.062% → +0.031%
- $3.06
- Slippage, 4 orders
- −$15.69
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$10.37
- Costs to cover
- 0.357%
- Break-even
- 10.3 days
Slippage from BingX: live order book, 8 min ago; Binance: live order book, 3 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 BingX live order book, 8 min ago | 2.51 bp | 8.4 bp −$8 | 14.9 bp −$149 | 59.5 bp −$5,951 | 135.6 bp −$67.8K |
| Sell Binance live order book, 3 min ago | 0.84 bp | 6.8 bp −$7 | 15.8 bp −$158 | 60.7 bp −$6,073 | 153.4 bp −$76.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| BingX 1000SHIB-USDTlong | −0.0006% | 8h | 0.000005945 | long leg | — | $2.1M | — | |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005957 | +0.202% | $50K | $1.6M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005962 | +0.281% | $725 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0016% | 1h | 0.000005949 | +0.067% | $89K | $751K | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0056% | 1h | 0.000005963 | +0.302% | $1.1M | $747K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0085% | 1h | 0.000005966 | +0.353% | $42K | $61K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005960 | +0.252% | $151K | $284K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005954 | +0.144% | $36K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005954 | +0.151% | $11K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDTshort | +0.0100% | 8h | 0.000005949 | +0.062% | $29.1M | $87.6M | 75x |
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
Kraken Futures PF_SHIBUSD
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 | 0.000005943 | −0.034% | $7.6M | $27.7M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005943 | −0.034% | $6.7M | $5.4M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005943 | −0.034% | $32.0M | $15.4M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005953 | +0.135% | $5.0M | $2.3M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005946 | +0.017% | $11.7M | $12.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005959 | +0.235% | $25K | $5K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005967 | +0.370% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005965 | +0.336% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005961 | +0.269% | $540 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005956 | +0.185% | $401K | $622K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005952 | +0.118% | $2.1M | $5.3M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0100% | 8h | 0.000005957 | +0.194% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005945 | −0.007% | $53K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0187% | 1h | 0.000005964 | +0.320% | $245 | $67K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −15.896% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005962 | +0.286% | $714K | $1.0M | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005957 | +0.204% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0645% | 1h | 0.000005955 | +0.168% | $4.3M | $3.7M | 10x | as long as short |
| dYdX SHIB-USD | +0.9545% | 1h | 0.000005954 | +0.151% | $23K | $64K | 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
Extended 1000SHIB-USD
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
dYdX SHIB-USD