Funding you earn now, next payment 22:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.023%
Price spread now: Coinbase International against Bitget+0.082%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$480.485% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 3 days (all we have)−0.180%−$18 · spread now +0.082%, 7d avg −0.013%
=The price spread pays, funding is against you. Coinbase International is 0.095% dearer against Bitget than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.013%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SHIBUSDT | 0.000006070 | 0.0100 | pay 0.0100% / 8h | 1h 23m | $11.6M | $13.0M | 75x |
| Short | Coinbase International 1000SHIB-PERP-INTX | 0.000006075 | 0.0008 | get 0.0001% / 1h | 23m 16s | $81K | $786K | 50x |
Bitget SHIBUSDT
Coinbase International 1000SHIB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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
- −$19.32
- Price spread: +0.082% → −0.013%
- $9.5
- Slippage, 4 orders
- −$26.49
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$58.31
- Costs to cover
- 0.485%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Coinbase International: live order book, 60 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 Bitget live order book, 5 min ago | 0.83 bp | 10.6 bp −$11 | 21.0 bp −$210 | 87.4 bp −$8,739 | doesn't fit |
| Sell Coinbase International live order book, 60 min ago | 8.36 bp | 13.4 bp −$13 | 16.9 bp −$169 | 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 | 0.000006065 | −0.078% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006067 | −0.046% | $73K | $1.9M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006070 | 0.000% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006069 | −0.018% | $738 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTXshort | +0.0008% | 1h | 0.000006075 | +0.082% | $81K | $786K | 50x | |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006067 | −0.049% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006072 | +0.033% | $153K | $290K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006071 | +0.020% | $35K | $175K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006068 | −0.033% | $11K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006071 | +0.024% | $29.8M | $93.5M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006072 | +0.033% | $8.8M | $32.0M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006068 | −0.033% | $7.0M | $5.6M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006072 | +0.033% | $30.9M | $16.1M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006072 | +0.033% | $4.8M | $2.5M | 75x | as long as short |
| Bitget SHIBUSDTlong | +0.0100% | 8h | 0.000006070 | long leg | $11.6M | $13.0M | 75x | |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006072 | +0.033% | $25K | $6K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006069 | −0.016% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006078 | +0.132% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006071 | +0.016% | $538 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006070 | 0.000% | $414K | $618K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006072 | +0.033% | $2.1M | $5.8M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0103% | 8h | 0.000006069 | −0.022% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006070 | −0.003% | $54K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0141% | 1h | 0.000006040 | −0.494% | $248 | $134K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.153% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006072 | +0.033% | $829K | $951K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006072 | +0.028% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0356% | 1h | 0.000006072 | +0.037% | $1.2M | $796K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0826% | 1h | 0.000006083 | +0.214% | $4.4M | $4.0M | 10x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB