Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h +0.006%
Price spread now: Bitget against BingX+0.151%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$470.468% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 7 days−0.131%−$13 · spread now +0.151%, 7d avg +0.041%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.110% dearer against BingX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000SHIB-USDC | 0.000005979 | 0.0080 | pay 0.0080% / 8h | 6h 32m | — | $1.6M | — |
| Short | Bitget SHIBUSDT | 0.000005988 | 0.0100 | get 0.0100% / 8h | 6h 32m | $11.2M | $14.2M | 75x |
BingX 1000SHIB-USDC
Bitget SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $4.2
- Price spread: +0.151% → +0.041%
- $10.98
- Slippage, 4 orders
- −$24.84
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$31.66
- Costs to cover
- 0.468%
- Break-even
- 59.8 days
Slippage from BingX: live order book, 5 min ago; Bitget: 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 BingX live order book, 5 min ago | 2.52 bp | 14.2 bp −$14 | 39.6 bp −$396 | 262.2 bp −$26.2K | 955.3 bp −$477.6K |
| Sell Bitget live order book, 1 min ago | 1.68 bp | 10.3 bp −$10 | 16.2 bp −$162 | 61.4 bp −$6,140 | doesn't fit |
SHIB on 28 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 | 0.000005989 | +0.168% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005972 | −0.114% | $190K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005969 | −0.169% | $726 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.020% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0072% | 1h | 0.000005971 | −0.134% | $144K | $1.0M | 50x | as long as short |
| BingX 1000SHIB-USDClong | +0.0080% | 8h | 0.000005979 | long leg | — | $1.6M | — | |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0085% | 1h | 0.000005970 | −0.151% | $46K | $65K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005991 | +0.201% | $162K | $609K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005971 | −0.137% | $39K | $183K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005992 | +0.217% | $29.3M | $101.7M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Aster 1000SHIBUSDT
Binance 1000SHIBUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005990 | +0.184% | $9.0M | $35.5M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005975 | −0.067% | $6.9M | $5.7M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005989 | +0.167% | $30.7M | $17.5M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005978 | −0.017% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDTshort | +0.0100% | 8h | 0.000005988 | +0.151% | $11.2M | $14.2M | 75x | |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005968 | −0.184% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005970 | −0.151% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005979 | 0.000% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005970 | −0.151% | $517 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005970 | −0.151% | $409K | $592K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005970 | −0.151% | $2.1M | $6.6M | 50x | as long as short |
| Hyperliquid kSHIB | +0.0104% | 1h | 0.000005987 | +0.134% | $3.7M | $4.7M | 10x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005975 | −0.064% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0122% | 8h | 0.000005987 | +0.132% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0183% | 1h | 0.000005988 | +0.151% | $12K | $4K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.374% | $1K | — | 100x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005968 | −0.191% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0764% | 1h | 0.000005964 | −0.255% | $1.1M | $860K | 50x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Hyperliquid kSHIB
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD