Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Binance against BloFin+0.017%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$390.393% of the position
Funding, last 7 days−0.284%−$28 on $10k
+Price spread, last 3 days (all we have)+0.036%+$4 · spread now +0.017%, 7d avg +0.057%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.040% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.057%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SHIB-USDT | 0.000006010 | 0.0220 | pay 0.0220% / 8h | 6h 49m | $871K | $935K | 50x |
| Short | Binance 1000SHIBUSDT | 0.000006011 | 0.0100 | get 0.0100% / 8h | 6h 49m | $29.4M | $100.9M | 75x |
BloFin SHIB-USDT
Binance 1000SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$25.2
- Price spread: +0.017% → +0.057%
- −$3.99
- Slippage, 4 orders
- −$17.32
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$68.5
- Costs to cover
- 0.393%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 33 min ago; Binance: live order book, 9 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 BloFin live order book, 33 min ago | 1.65 bp | 10.0 bp −$10 | 22.4 bp −$224 | 101.7 bp −$10.2K | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.66 bp | 9.4 bp −$9 | 20.1 bp −$201 | 68.7 bp −$6,869 | 175.3 bp −$87.7K |
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 | 0.000006019 | +0.151% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006027 | +0.290% | $190K | $2.3M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006007 | −0.050% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006007 | −0.055% | $731 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.499% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0072% | 1h | 0.000006013 | +0.050% | $155K | $986K | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000006009 | −0.017% | — | $2.1M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006014 | +0.067% | $237K | $470K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006012 | +0.032% | $37K | $183K | 50x | as long as short |
| Binance 1000SHIBUSDTshort | +0.0100% | 8h | 0.000006011 | +0.017% | $29.4M | $100.9M | 75x |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDT
Lighter 1000SHIB
Aster 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 | 0.000006014 | +0.067% | $9.1M | $35.5M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006009 | −0.017% | $7.0M | $5.6M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006010 | 0.000% | $30.8M | $17.3M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006011 | +0.017% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006005 | −0.083% | $11.3M | $14.3M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006008 | −0.033% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006016 | +0.100% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006008 | −0.033% | $530 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006002 | −0.133% | $412K | $604K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006010 | 0.000% | $2.1M | $6.5M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006006 | −0.070% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0129% | 8h | 0.000006018 | +0.130% | $7K | $13 | 20x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0158% | 1h | 0.000006025 | +0.250% | $23K | $7K | 15x | as long as short |
| Pacifica kSHIB | +0.0183% | 1h | 0.000006020 | +0.166% | $12K | $4K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.166% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTlong | +0.0220% | 8h | 0.000006010 | long leg | $871K | $935K | 50x | |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006007 | −0.045% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0569% | 1h | 0.000006017 | +0.116% | $3.8M | $4.5M | 10x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0759% | 1h | 0.000006003 | −0.116% | $1.1M | $851K | 50x | as long as short |
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
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
Kraken Futures PF_SHIBUSD