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: KuCoin against BloFin−0.291%95s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$710.710% of the position
Funding, last 7 days−0.235%−$23 on $10k
+Price spread, last 4 days (all we have)+0.273%+$27 · spread now −0.291%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.297% cheaper against BloFin than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.005%). Swap the legs. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SHIB-USDT | 0.000006180 | 0.0220 | pay 0.0220% / 8h | 3h 27m | $950K | $921K | 50x |
| Short | KuCoin SHIBUSDTM | 0.000006162 | 0.0100 | get 0.0100% / 8h | 3h 27m | $4.8M | $3.0M | 75x |
BloFin SHIB-USDT
KuCoin SHIBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.291% → +0.005%
- −$29.67
- Slippage, 4 orders
- −$47
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$125.88
- Costs to cover
- 0.710%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; KuCoin: 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, 4 min ago | 0.81 bp | 9.1 bp −$9 | 15.8 bp −$158 | 98.7 bp −$9,874 | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 3.22 bp | 20.8 bp −$21 | 51.6 bp −$516 | 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-INTX | −0.0168% | 1h | 0.000006161 | −0.307% | $121K | $1.4M | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | −0.0064% | 1h | 0.000006162 | −0.288% | $1.2M | $1.0M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006169 | −0.181% | $24K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006179 | −0.023% | $170K | $2.9M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006168 | −0.194% | $51K | $61K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006168 | −0.197% | $582 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −2.265% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000006163 | −0.275% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006170 | −0.162% | $162K | $622K | 10x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000006176 | −0.065% | $3.7M | $5.2M | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kraken Futures PF_SHIBUSD
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
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 | 0.000006168 | −0.189% | $43K | $328K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006169 | −0.179% | $31.8M | $116.3M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006163 | −0.275% | $10.0M | $41.2M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006161 | −0.307% | $7.3M | $6.8M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006166 | −0.227% | $30.7M | $18.9M | 300x | as long as short |
| KuCoin SHIBUSDTMshort | +0.0100% | 8h | 0.000006162 | −0.291% | $4.8M | $3.0M | 75x | |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006168 | −0.194% | $11.9M | $16.1M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006170 | −0.162% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006175 | −0.081% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006168 | −0.194% | $507 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006171 | −0.146% | $426K | $572K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006161 | −0.307% | $2.1M | $7.1M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006171 | −0.147% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006161 | −0.304% | $55K | $4K | 25x | as long as short |
| Pacifica kSHIB | +0.0188% | 1h | 0.000006168 | −0.194% | $12K | $5K | 10x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0192% | 1h | 0.000006165 | −0.243% | $24K | $7K | 15x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −2.913% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTlong | +0.0220% | 8h | 0.000006180 | long leg | $950K | $921K | 50x | |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006168 | −0.188% | $1 | — | 20x | as long as short |
Aster 1000SHIBUSDT
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Pacifica kSHIB
Backpack kSHIB_USDC_PERP
GMX SHIB/USD [ETH-USDC]
Reya kSHIBRUSDPERP