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: KuCoin against BingX−0.050%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$700.703% of the position
Funding, last 7 days+0.142%+$14 on $10k
+Price spread, last 7 days+0.104%+$10 · spread now −0.050%, 7d avg +0.031%
=Funding pays, the price is against you. KuCoin is 0.081% cheaper against BingX than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.031%). If the spread goes back, that is −$8 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.142% in total) that is about 4.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000SHIB-USDC | 0.000006048 | 0.0080 | pay 0.0080% / 8h | 7h 57m | — | $1.6M | — |
| Short | KuCoin SHIBUSDTM | 0.000006045 | 0.0100 | get 0.0100% / 8h | 7h 57m | $4.9M | $2.6M | 75x |
BingX 1000SHIB-USDC
KuCoin SHIBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.050% → +0.031%
- −$8.08
- Slippage, 4 orders
- −$48.31
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$74.19
- Costs to cover
- 0.703%
- Break-even
- 130.6 days
Slippage from BingX: live order book, 9 min ago; KuCoin: live order book, 10 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, 9 min ago | 2.50 bp | 15.8 bp −$16 | 43.6 bp −$436 | 235.1 bp −$23.5K | 944.1 bp −$472.0K |
| Sell KuCoin live order book, 10 min ago | 2.50 bp | 20.4 bp −$20 | 53.8 bp −$538 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006040 | −0.132% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006044 | −0.074% | $88K | $2.0M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006044 | −0.066% | $735 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −0.132% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0064% | 1h | 0.000006040 | −0.132% | $76K | $801K | 50x | as long as short |
| BingX 1000SHIB-USDClong | +0.0080% | 8h | 0.000006048 | long leg | — | $1.6M | — | |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0081% | 1h | 0.000006045 | −0.050% | $46K | $65K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006048 | 0.000% | $181K | $325K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006042 | −0.106% | $35K | $177K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006046 | −0.033% | $12K | $4K | 10x | 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
Pacifica kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006047 | −0.011% | $29.6M | $96.7M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006050 | +0.033% | $8.7M | $33.1M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006045 | −0.050% | $6.9M | $5.4M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006044 | −0.066% | $31.3M | $16.6M | 300x | as long as short |
| KuCoin SHIBUSDTMshort | +0.0100% | 8h | 0.000006045 | −0.050% | $4.9M | $2.6M | 75x | |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006046 | −0.033% | $11.5M | $13.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006043 | −0.083% | $25K | $6K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006045 | −0.050% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006053 | +0.083% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006045 | −0.050% | $546 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006039 | −0.149% | $413K | $614K | 75x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0103% | 8h | 0.000006048 | +0.004% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006046 | −0.027% | $54K | $4K | 25x | as long as short |
| Phemex u1000SHIBUSDT | +0.0205% | 8h | 0.000006040 | −0.132% | $2.1M | $6.1M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.794% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006038 | −0.165% | $799K | $943K | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0260% | 1h | 0.000006047 | −0.021% | $1.1M | $824K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006040 | −0.130% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0625% | 1h | 0.000006056 | +0.132% | $4.4M | $4.0M | 10x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
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
Phemex u1000SHIBUSDT
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Kraken Futures PF_SHIBUSD
Reya kSHIBRUSDPERP
Hyperliquid kSHIB