SHIB

Alert: funding

Alert: spread

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: MEXC against BloFin+0.128%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.240%−$24 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.128%, 7d avg +0.006%

Together, before fees−0.341%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.122% dearer against BloFin than usual: you sell high and buy low (spread +0.128% now, against its 7-day average of +0.006%): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SHIB-USDT	0.000006231	0.0220	pay 0.0220% / 8h	3h 52m	$915K	$925K	50x
Short	MEXC SHIB_USDT	0.000006239	0.0100	get 0.0100% / 8h	3h 52m	$32.0M	$18.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee MEXCbpOrdersPrice spread, now +0.128%Rate

Funding earned: −$25.2
Price spread: +0.128% → +0.006%: $12.24
Slippage, 4 orders: −$13.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$38.13
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from BloFin: live order book, 44 min ago; MEXC: live order book, 1 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, 44 min ago	1.68 bp	9.3 bp −$9	22.2 bp −$222	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.80 bp	2.1 bp −$2	5.7 bp −$57	57.4 bp −$5,742	87.2 bp −$43.6K

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	0.000006228	−0.048%	$102K	$1.3M	50x	as long as short
Kraken Futures PF_SHIBUSD	−0.0063%	1h	0.000006233	+0.036%	$1.2M	$962K	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000006239	+0.126%	$24K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006191	−0.640%	$179K	$2.5M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006231	+0.006%	$588	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	−3.065%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	0.000006240	+0.144%	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006242	+0.177%	$164K	$610K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006237	+0.089%	$43K	$322K	50x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006240	+0.144%	$31.4M	$110.2M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006239	+0.128%	$10.0M	$39.7M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006234	+0.048%	$7.3M	$6.1M	75x	as long as short
MEXC SHIB_USDTshort	+0.0100%	8h	0.000006239	+0.128%	$32.0M	$18.5M	300x
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006236	+0.080%	$4.8M	$2.9M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006236	+0.080%	$11.8M	$15.1M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006234	+0.048%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006243	+0.193%	$3K	$25K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006232	+0.016%	$496	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006228	−0.048%	$424K	$561K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006230	−0.016%	$2.2M	$7.0M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006237	+0.093%	$55K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0122%	8h	0.000006245	+0.221%	$7K	$13	20x	as long as short
Pacifica kSHIB	+0.0188%	1h	0.000006239	+0.128%	$12K	$5K	10x	as long as short
Hyperliquid kSHIB	+0.0209%	1h	0.000006249	+0.289%	$3.7M	$5.0M	10x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0214% / S −0.2404%	1h	0.000006000	−3.707%	$1K	—	100x	as long as short
BloFin SHIB-USDTlong	+0.0220%	8h	0.000006231	long leg	$915K	$925K	50x
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006223	−0.121%	$1	—	20x	as long as short
Backpack kSHIB_USDC_PERP	+0.0450%	1h	0.000006238	+0.112%	$24K	$7K	15x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0552%	1h	0.000006237	+0.096%	$48K	$58K	25x	as long as short