Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.049%
Price spread now: Gate against BloFin−0.016%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days−0.264%−$26 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.016%, 7d avg −0.016%
=The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SHIB-USDT | 0.000006108 | 0.0220 | pay 0.0220% / 8h | 1h 43m | $708K | $957K | 50x |
| Short | Gate SHIB_USDT | 0.000006107 | 0.0100 | get 0.0100% / 8h | 1h 43m | $7.0M | $5.5M | 75x |
BloFin SHIB-USDT
Gate SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.016% → −0.016%
- −$0.04
- Slippage, 4 orders
- −$29.2
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$81.44
- Costs to cover
- 0.562%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 54 min ago; Gate: 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 BloFin live order book, 54 min ago | 2.53 bp | 11.6 bp −$12 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 2.48 bp | 13.1 bp −$13 | 29.4 bp −$294 | 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 | +0.055% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006112 | +0.069% | $91K | $1.9M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006101 | −0.115% | $47K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006103 | −0.080% | $742 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0008% | 1h | 0.000006113 | +0.082% | $85K | $808K | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006101 | −0.115% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006105 | −0.049% | $154K | $288K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006116 | +0.132% | $36K | $173K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006115 | +0.115% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006107 | −0.010% | $29.8M | $90.8M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
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 | 0.000006114 | +0.098% | $8.9M | $31.1M | 50x | as long as short |
| Gate SHIB_USDTshort | +0.0100% | 8h | 0.000006107 | −0.016% | $7.0M | $5.5M | 75x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006110 | +0.033% | $32.1M | $15.6M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006110 | +0.033% | $4.9M | $2.4M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006100 | −0.131% | $11.7M | $12.7M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006098 | −0.164% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006113 | +0.082% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006103 | −0.082% | $542 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006103 | −0.082% | $416K | $633K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006105 | −0.049% | $2.1M | $5.6M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006100 | −0.127% | $54K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0104% | 8h | 0.000006117 | +0.154% | $7K | — | 20x | as long as short |
| Injective SHIB/USDC PERP | +0.0141% | 1h | 0.000005975 | −2.177% | $245 | $99K | 5.5x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0198% | 1h | 0.000006122 | +0.229% | $25K | $5K | 15x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.768% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTlong | +0.0220% | 8h | 0.000006108 | long leg | $708K | $957K | 50x | |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006109 | +0.021% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0355% | 1h | 0.000006105 | −0.045% | $1.2M | $780K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0931% | 1h | 0.000006119 | +0.180% | $4.4M | $3.9M | 10x | as long as short |
OKX SHIB-USDT-SWAP
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
Injective SHIB/USDC PERP
Backpack kSHIB_USDC_PERP
GMX SHIB/USD [ETH-USDC]
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB