SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h +0.006%

Price spread now: OKX against BingX−0.049%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$470.465% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 7 days+0.091%+$9 · spread now −0.049%, 7d avg +0.030%

Together, before fees+0.232%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.079% cheaper against BingX than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.030%). 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 (+0.141% in total) that is about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000SHIB-USDC	0.000006114	0.0080	pay 0.0080% / 8h	54m 01s	—	$1.6M	—
Short	OKX SHIB-USDT-SWAP	0.000006111	0.0100	get 0.0100% / 8h	54m 01s	$8.8M	$32.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee OKXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $4.2
Price spread: −0.049% → +0.030%: −$7.87
Slippage, 4 orders: −$26.53
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$50.2
Costs to cover: 0.465%
Break-even: 90.7 days

Slippage from BingX: live order book, 3 min ago; OKX: live order book, 5 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, 3 min ago	3.29 bp	15.0 bp −$15	44.5 bp −$445	252.5 bp −$25.2K	977.8 bp −$488.9K
Sell OKX live order book, 5 min ago	0.82 bp	11.5 bp −$12	24.5 bp −$245	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	0.000006111	−0.047%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006114	+0.003%	$73K	$1.9M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006115	+0.015%	$744	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0032%	1h	0.000006113	−0.016%	$81K	$792K	50x	as long as short
BingX 1000SHIB-USDClong	+0.0080%	8h	0.000006114	long leg	—	$1.6M	—
Lighter 1000SHIB	+0.0096%	1h	0.000006117	+0.049%	$154K	$290K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006112	−0.032%	$36K	$175K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006112	−0.033%	$12K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006112	−0.029%	$30.1M	$94.3M	75x	as long as short
OKX SHIB-USDT-SWAPshort	+0.0100%	8h	0.000006111	−0.049%	$8.8M	$32.5M	50x

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SHIB_USDT	+0.0100%	8h	0.000006113	−0.016%	$7.0M	$5.5M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006118	+0.065%	$30.7M	$16.2M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006113	−0.016%	$5.0M	$2.5M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006117	+0.049%	$11.7M	$13.2M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006118	+0.065%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006129	+0.245%	$2K	$23K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006117	+0.049%	$546	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006116	+0.033%	$417K	$613K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006110	−0.065%	$2.1M	$5.9M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0102%	8h	0.000006109	−0.075%	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006117	+0.055%	$54K	$4K	25x	as long as short
Injective SHIB/USDC PERP	+0.0161%	1h	0.000006040	−1.210%	$248	$134K	5.5x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−1.865%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006110	−0.065%	$819K	$955K	50x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0241%	1h	0.000006119	+0.082%	$47K	$65K	25x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006113	−0.009%	$1	—	20x	as long as short
Kraken Futures PF_SHIBUSD	+0.0377%	1h	0.000006120	+0.096%	$1.2M	$801K	50x	as long as short
Backpack kSHIB_USDC_PERP	+0.0441%	1h	0.000006120	+0.098%	$25K	$6K	15x	as long as short
Hyperliquid kSHIB	+0.0758%	1h	0.000006126	+0.196%	$4.4M	$4.0M	10x	as long as short