Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h +0.020%
Price spread now: MEXC against BingX+0.017%7-day average −0.004% · 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−$25as in the Price arb table
costs, in and out, $10k−$270.270% of the position
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 7 days+0.028%+$3 · spread now +0.017%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.021% dearer against BingX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000SHIB-USDT | 0.000005927 | 0.0080 | pay 0.0080% / 8h | 4h 50m | — | $2.1M | — |
| Short | MEXC SHIB_USDT | 0.000005928 | 0.0100 | get 0.0100% / 8h | 4h 50m | $29.8M | $17.7M | 300x |
BingX 1000SHIB-USDT
MEXC SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.017% → −0.004%
- $2.13
- Slippage, 4 orders
- −$17.03
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$20.7
- Costs to cover
- 0.270%
- Break-even
- 41.5 days
Slippage from BingX: live order book, 13 min ago; MEXC: live order book, 4 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, 13 min ago | 1.68 bp | 7.4 bp −$7 | 9.8 bp −$98 | 48.0 bp −$4,796 | 125.4 bp −$62.7K |
| Sell MEXC live order book, 4 min ago | 0.84 bp | 3.8 bp −$4 | 10.3 bp −$103 | 50.7 bp −$5,072 | 84.8 bp −$42.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SHIBUSD | −0.0355% | 1h | 0.000005927 | −0.005% | $1.1M | $926K | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0088% | 1h | 0.000005929 | +0.034% | $137K | $1.1M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005930 | +0.051% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005935 | +0.130% | $192K | $2.3M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005930 | +0.051% | $45K | $61K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005929 | +0.042% | $560 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.907% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDTlong | +0.0080% | 8h | 0.000005927 | long leg | — | $2.1M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005932 | +0.084% | $159K | $603K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005931 | +0.070% | $40K | $321K | 50x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Lighter 1000SHIB
Aster 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kSHIB | +0.0100% | 1h | 0.000005935 | +0.135% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005931 | +0.073% | $29.1M | $103.3M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005927 | 0.000% | $9.2M | $36.0M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005928 | +0.017% | $6.9M | $5.9M | 75x | as long as short |
| MEXC SHIB_USDTshort | +0.0100% | 8h | 0.000005928 | +0.017% | $29.8M | $17.7M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005929 | +0.034% | $4.8M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005930 | +0.051% | $11.2M | $14.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005939 | +0.202% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005931 | +0.067% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005939 | +0.202% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005930 | +0.051% | $487 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005939 | +0.202% | $405K | $566K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005931 | +0.067% | $2.1M | $6.8M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005927 | −0.005% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0107% | 1h | 0.000005936 | +0.152% | $3.6M | $4.8M | 10x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0110% | 8h | 0.000005937 | +0.173% | $7K | $13 | 20x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −15.640% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005935 | +0.135% | $875K | $884K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005928 | +0.013% | $1 | — | 20x | as long as short |
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate 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
Extended 1000SHIB-USD
Hyperliquid kSHIB
Paradex kSHIB-USD-PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP