Funding you earn now, next payment 01:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.019%
Price spread now: Lighter against BingX+0.147%7-day average — · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$380.380% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter is 0.147% dearer against BingX than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000SHIB-USDT | 0.000006112 | 0.0080 | pay 0.0080% / 8h | 7h 15m | — | $2.1M | — |
| Short | Lighter 1000SHIB | 0.000006121 | 0.0096 | get 0.0012% / 1h | 15m 27s | $241K | $469K | 10x |
BingX 1000SHIB-USDT
Lighter 1000SHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $3.36
- Price spread: +0.147% → 0.000%
- $14.73
- Slippage, 4 orders
- −$28.03
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$19.94
- Costs to cover
- 0.380%
- Break-even
- 48.5 days
Slippage from BingX: live order book, 2 min ago; Lighter: live order book, 40 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, 2 min ago | 1.64 bp | 9.0 bp −$9 | 15.6 bp −$156 | 53.4 bp −$5,339 | 128.8 bp −$64.4K |
| Sell Lighter live order book, 40 min ago | 1.66 bp | 14.9 bp −$15 | 68.7 bp −$687 | 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 | 0.000006109 | −0.050% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006099 | −0.221% | $208K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006100 | −0.198% | $742 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −1.178% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0064% | 1h | 0.000006095 | −0.278% | $85K | $882K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0078% | 1h | 0.000006104 | −0.131% | $47K | $65K | 25x | as long as short |
| BingX 1000SHIB-USDTlong | +0.0080% | 8h | 0.000006112 | long leg | — | $2.1M | — | |
| Lighter 1000SHIBshort | +0.0096% | 1h | 0.000006121 | +0.147% | $241K | $469K | 10x | |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006110 | −0.033% | $37K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006115 | +0.049% | $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
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 | 0.000006114 | +0.033% | $30.0M | $98.9M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006112 | 0.000% | $9.3M | $35.2M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006112 | 0.000% | $7.1M | $5.6M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006110 | −0.033% | $31.6M | $16.9M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006115 | +0.049% | $4.9M | $2.6M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006110 | −0.033% | $11.5M | $14.0M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006102 | −0.164% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006112 | 0.000% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006106 | −0.098% | $527 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006098 | −0.229% | $418K | $595K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006102 | −0.164% | $2.2M | $6.3M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006111 | −0.017% | $54K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0124% | 8h | 0.000006117 | +0.081% | $7K | $13 | 20x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0209% | 1h | 0.000006104 | −0.131% | $23K | $7K | 15x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.832% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006094 | −0.295% | $872K | $941K | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0257% | 1h | 0.000006105 | −0.107% | $1.2M | $826K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006111 | −0.019% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0728% | 1h | 0.000006121 | +0.147% | $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
Backpack kSHIB_USDC_PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Kraken Futures PF_SHIBUSD
Reya kSHIBRUSDPERP
Hyperliquid kSHIB