Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000004517 | spot | no funding | — | — | $1.4M | 1x | Buy Bybit Spot | |
| SHORT | 0.000004509 | −0.0217 | pay 0.0217% / 8h | 7h 46m | $4.9M | $4.6M | 50x | Short Bybit |
Price gap−0.177%
Funding gap−0.0217% /8h
Both sides work against this pair now: funding costs $7 a day on $10k and the gap is 0.114% under its 7d average. Spot cannot be shorted here, so there is no reverse.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$2−0.0217% /8h now · paid +0.024% over the last 7D
Price−$11spread −0.177% now, avg −0.063% → −0.114% if it goes back
Costs−$580.580% of $10k · taker + slippage, in and out
Result−$67−0.67%no points
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.024% in total, about +0.0012%/8h on average.
Price and funding
1h · historyPrice spread
Prices
Fundingper 8h
PRICE SPREAD · 7D
Now−0.177%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hSHIB on 30 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size21.5 / 8.5 bpAt $10k entering Bybit Spot costs 21.5 bp, fee and slippage, 2.5× Bybit’s.
- Note: Spot in full, margin on the short$10,000 + $200The spot leg is bought with the whole $10k; Bybit runs at up to 50x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Bybit.
- OK: Only the short pays funding— / 8hThe spot leg pays no funding; Bybit settles every 8h.Next 24h at the current rates, on $10k a leg: −$6.52Long Bybit Spot: 0 payments, $0.00; short Bybit: 3 payments, −$6.52.
- Watch: Gap narrower than usual−0.177% vs −0.063%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Spot has no open interest$4.9M OIOnly Bybit reports one; the spot book's depth is in the cost check above.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBybit Spot Yes · Bybit YesStandard verification is mandatory for every product.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0012%/8h × 21 periods+$2.42
Price spread−0.177% → −0.063% (7d avg)−$11.39
Slippage, 4 orderslive order books−$27.01
Fee Bybit Spot bp × 2 orders−$20.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$66.98
Costs to cover0.580%Break-even200.6 days
Slippage: Bybit Spot: live order book, 14 min ago; Bybit: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBybit Spot1.1221.5 bp−$21doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit1.118.5 bp−$917.4 bp−$17464.8 bp−$6,481doesn’t fit
Closing costs about the same again.
SHIB news
posts that mention SHIB, from every exchange| 11-03 07:08 | Binance | Other | Latest Withdrawal Update Withdrawals have now been re-enabled for the following networks and assets: New: ✅ ETH: ENA, USDE, PENDLE, WLD, QNT, SHIB, ZRO, FET, NIL, ONDO, ALT, SKY, LINK, ETHFI, REZ, JASMY, PUNDIX, BTC, BAT, STRK, POL, ANIME, LSK, RE, BREV, RLC, AMP, PLUME, BLUR, WBETH, ZBT, ENSO, AVA, TUSD ✅ SOL: USD1, PUMP, FDUSD, BMT, RENDER, RAY, TRUMP, MET, PENGU, JUP, PYTH, BONK, KMNO, BNSOL, ORCA, WIF, W, HUMA, JTO, IO, 2Z, BOME Already Enabled: ✅ ETH: RLUSD, USD1, TUSD, FDUSD, XUSD We will continue to restore additional assets and networks in phases as security checks are completed. Further updates will be shared through official Binance channels. @binance on X ↗ |
| 10-29 01:05 | MEXC | Listing | SHIB_USDC no longer reported ($SHIB) seen by our collector |
| 10-07 09:58 | dYdX | Listing | SHIB-USD no longer reported ($SHIB) seen by our collector |
| 09-28 17:53 | Phoenix | Listing | Now live on Phoenix: $SHIB - 10x leverage $PEPE - 10x leverage @PhoenixTrade on X ↗ |
| 09-24 15:02 | Phoenix | Listing | new market kSHIB ($SHIB) seen by our collector |

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