Funding you earn now, next payment 08:00 UTC+0.0140%/8h= +15.3% APRnext payment +$1.40 per $10,000 · paid last 24h +0.042%
Price spread now: BloFin against BingX+0.115%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$510.509% of the position
Funding, last 7 days+0.364%+$36 on $10k
+Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.115%, 7d avg +0.003%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.112% dearer against BingX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000SHIB-USDC | 0.000006089 | 0.0080 | pay 0.0080% / 8h | 7h 12m | — | $1.6M | — |
| Short | BloFin SHIB-USDT | 0.000006096 | 0.0220 | get 0.0220% / 8h | 7h 12m | $869K | $940K | 50x |
BingX 1000SHIB-USDC
BloFin SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $29.4
- Price spread: +0.115% → +0.003%
- $11.21
- Slippage, 4 orders
- −$28.91
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$10.29
- Costs to cover
- 0.509%
- Break-even
- 9.5 days
Slippage from BingX: live order book, 4 min ago; BloFin: live order book, 9 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, 4 min ago | 2.46 bp | 15.0 bp −$15 | 38.5 bp −$385 | 264.7 bp −$26.5K | 949.3 bp −$474.6K |
| Sell BloFin live order book, 9 min ago | 1.65 bp | 11.6 bp −$12 | 17.6 bp −$176 | 78.7 bp −$7,866 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006104 | +0.247% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006103 | +0.222% | $208K | $2.3M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006099 | +0.164% | $47K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006097 | +0.128% | $741 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −0.805% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0064% | 1h | 0.000006108 | +0.312% | $85K | $859K | 50x | as long as short |
| BingX 1000SHIB-USDClong | +0.0080% | 8h | 0.000006089 | long leg | — | $1.6M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006098 | +0.148% | $240K | $469K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006101 | +0.201% | $37K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006109 | +0.328% | $12K | $4K | 10x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006092 | +0.054% | $30.0M | $99.0M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006094 | +0.082% | $9.2M | $35.2M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006091 | +0.033% | $7.1M | $5.7M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006097 | +0.131% | $31.5M | $16.9M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006096 | +0.115% | $4.9M | $2.6M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006094 | +0.082% | $11.4M | $13.9M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006099 | +0.164% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006109 | +0.328% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006095 | +0.099% | $528 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006091 | +0.033% | $419K | $599K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006090 | +0.016% | $2.2M | $6.3M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006092 | +0.043% | $54K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0125% | 8h | 0.000006109 | +0.333% | $7K | $13 | 20x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.462% | $1K | — | 100x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0219% | 1h | 0.000006094 | +0.082% | $23K | $7K | 15x | as long as short |
| BloFin SHIB-USDTshort | +0.0220% | 8h | 0.000006096 | +0.115% | $869K | $940K | 50x | |
| Kraken Futures PF_SHIBUSD | +0.0258% | 1h | 0.000006093 | +0.060% | $1.2M | $827K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006100 | +0.174% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0728% | 1h | 0.000006100 | +0.181% | $4.4M | $4.0M | 10x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
GMX SHIB/USD [ETH-USDC]
Backpack kSHIB_USDC_PERP
Kraken Futures PF_SHIBUSD
Reya kSHIBRUSDPERP
Hyperliquid kSHIB