Funding you earn now, next payment 12:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.037%
Price spread now: Lighter against BloFin−0.101%60s7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as 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−$370.369% of the position
Funding, last 7 days−0.367%−$37 on $10k
+Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.101%, 7d avg +0.032%
=Together, before fees−0.272%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Lighter is 0.133% cheaper against BloFin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.032%). Swap the legs. The two prices were read 60 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 | 0.000005954 | 0.0220 | pay 0.0220% / 8h | 4h 52m | $911K | $876K | 50x |
| Short | Lighter 1000SHIB | 0.000005948 | 0.0096 | get 0.0012% / 1h | 52m 06s | $168K | $616K | 10x |
BloFin SHIB-USDT
Lighter 1000SHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$26.04
- Price spread: −0.101% → +0.032%
- −$13.31
- Slippage, 4 orders
- −$24.93
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$76.28
- Costs to cover
- 0.369%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 53 min ago; Lighter: live order book, 46 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, 53 min ago | 1.67 bp | 12.7 bp −$13 | 22.7 bp −$227 | 91.4 bp −$9,144 | doesn't fit |
| Sell Lighter live order book, 46 min ago | 0.83 bp | 8.7 bp −$9 | 62.2 bp −$622 | doesn't fit | doesn't fit |
SHIB on 29 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005950 | −0.069% | $36K | $3.6M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005945 | −0.151% | $561 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0016% | 1h | 0.000005954 | 0.000% | $146K | $1.7M | 50x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.444% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000005946 | −0.134% | — | $1.7M | — | as long as short |
| Lighter 1000SHIBshort | +0.0096% | 1h | 0.000005948 | −0.101% | $168K | $616K | 10x | |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005945 | −0.147% | $43K | $284K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005951 | −0.050% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005949 | −0.088% | $30.8M | $129.2M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005947 | −0.118% | $9.4M | $45.5M | 50x | as long as short |
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAPShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005945 | −0.151% | $7.0M | $6.8M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005945 | −0.151% | $27.1M | $19.0M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005944 | −0.168% | $4.7M | $3.3M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005946 | −0.134% | $11.4M | $17.7M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005946 | −0.134% | $6K | $2K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005956 | +0.034% | $2K | $25K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005948 | −0.101% | $505 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005952 | −0.034% | $408K | $488K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005946 | −0.134% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0103% | 8h | 0.000005950 | −0.066% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005945 | −0.144% | $53K | $4K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0210% | 1h | 0.000005949 | −0.081% | $1.2M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0211% / S −0.2404% | 1h | 0.000005000 | −16.023% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTlong | +0.0220% | 8h | 0.000005954 | long leg | $911K | $876K | 50x | |
| Backpack kSHIB_USDC_PERP | +0.0229% | 1h | 0.000005949 | −0.084% | $23K | $9K | 15x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0255% | 1h | 0.000005948 | −0.101% | $51K | $50K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0266% | 1h | 0.000005953 | −0.017% | $3.6M | $5.2M | 10x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005946 | −0.136% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +1.1196% | 1h | 0.000005949 | −0.080% | $31K | $52K | 10x | as long as short |
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
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
Backpack kSHIB_USDC_PERP
Deribit 1000SHIB_USDC-PERPETUAL
Hyperliquid kSHIB
Reya kSHIBRUSDPERP
dYdX SHIB-USD