Funding you earn now, next payment 04:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.065%
Price spread now: Coinbase International against BloFin−0.145%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$480.482% of the position
Funding, last 7 days−0.380%−$38 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.145%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Coinbase International is 0.151% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SHIB-USDT | 0.000006203 | 0.0220 | pay 0.0220% / 8h | 3h 31m | $953K | $923K | 50x |
| Short | Coinbase International 1000SHIB-PERP-INTX | 0.000006194 | −0.0168 | pay 0.0021% / 1h | 31m 07s | $121K | $1.4M | 50x |
BloFin SHIB-USDT
Coinbase International 1000SHIB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$81.48
- Price spread: −0.145% → +0.006%
- −$15.12
- Slippage, 4 orders
- −$26.2
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$144.8
- Costs to cover
- 0.482%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 min ago; Coinbase International: live order book, 2 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, 1 min ago | 0.81 bp | 9.1 bp −$9 | 15.8 bp −$158 | 98.7 bp −$9,874 | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 7.23 bp | 12.2 bp −$12 | 17.0 bp −$170 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTXshort | −0.0168% | 1h | 0.000006194 | −0.145% | $121K | $1.4M | 50x | |
| Kraken Futures PF_SHIBUSD | −0.0063% | 1h | 0.000006205 | +0.031% | $1.2M | $1.0M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006193 | −0.161% | $24K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006206 | +0.044% | $171K | $2.9M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006208 | +0.076% | $586 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −2.628% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0070% | 8h | 0.000006202 | −0.016% | — | $2.2M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0072% | 1h | 0.000006213 | +0.161% | $48K | $58K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006210 | +0.113% | $163K | $622K | 10x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000006210 | +0.113% | $3.7M | $5.1M | 10x | as long as short |
Kraken Futures PF_SHIBUSD
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Hyperliquid kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006204 | +0.021% | $43K | $328K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006208 | +0.089% | $32.0M | $115.9M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006203 | 0.000% | $10.1M | $41.3M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006202 | −0.016% | $7.4M | $6.7M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006203 | 0.000% | $31.0M | $18.8M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006204 | +0.016% | $4.8M | $3.0M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006206 | +0.048% | $12.0M | $16.0M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006213 | +0.161% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006220 | +0.274% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006209 | +0.097% | $508 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006210 | +0.113% | $428K | $572K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006201 | −0.032% | $2.1M | $7.1M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006206 | +0.043% | $55K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0116% | 8h | 0.000006213 | +0.165% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0188% | 1h | 0.000006197 | −0.097% | $12K | $5K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0214% / S −0.2404% | 1h | 0.000006000 | −3.273% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTlong | +0.0220% | 8h | 0.000006203 | long leg | $953K | $923K | 50x | |
| Backpack kSHIB_USDC_PERP | +0.0246% | 1h | 0.000006206 | +0.048% | $24K | $7K | 15x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006207 | +0.071% | $1 | — | 20x | as long as short |
Aster 1000SHIBUSDT
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
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
Backpack kSHIB_USDC_PERP
Reya kSHIBRUSDPERP