Funding you earn now, next payment 23:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.003%
Price spread now: BingX against Coinbase International+0.462%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs+$1as in the Price arb table
costs, in and out, $10k−$430.432% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 3 days (all we have)−0.298%−$30 · spread now +0.462%, 7d avg +0.016%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.446% dearer against Coinbase International than usual: you sell high and buy low: +$45 more if the spread goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000SHIB-PERP-INTX | 0.000006062 | 0.0032 | pay 0.0004% / 1h | 56m 59s | $80K | $787K | 50x |
| Short | BingX 1000SHIB-USDT | 0.000006090 | 0.0080 | get 0.0080% / 8h | 56m 59s | — | $2.1M | — |
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Coinbase International. 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
- $10.08
- Price spread: +0.462% → +0.016%
- $44.58
- Slippage, 4 orders
- −$23.2
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $11.46
- Costs to cover
- 0.432%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 21 min ago; BingX: 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 Coinbase International live order book, 21 min ago | 6.59 bp | 13.2 bp −$13 | 19.6 bp −$196 | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 1.64 bp | 8.6 bp −$9 | 14.6 bp −$146 | 53.3 bp −$5,328 | 130.9 bp −$65.5K |
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 | 0.000006092 | +0.495% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006095 | +0.539% | $73K | $1.9M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006091 | +0.478% | $741 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTXlong | +0.0032% | 1h | 0.000006062 | long leg | $80K | $787K | 50x | |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0078% | 1h | 0.000006096 | +0.561% | $47K | $65K | 25x | as long as short |
| BingX 1000SHIB-USDTshort | +0.0080% | 8h | 0.000006090 | +0.462% | — | $2.1M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006094 | +0.528% | $154K | $290K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006092 | +0.491% | $35K | $175K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006093 | +0.511% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006091 | +0.476% | $30.0M | $94.2M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Deribit 1000SHIB_USDC-PERPETUAL
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 | 0.000006090 | +0.462% | $8.8M | $32.3M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006088 | +0.429% | $7.0M | $5.5M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006092 | +0.495% | $30.7M | $16.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006089 | +0.445% | $4.9M | $2.5M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006093 | +0.511% | $11.7M | $13.2M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006097 | +0.577% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006105 | +0.709% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006095 | +0.544% | $543 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006090 | +0.462% | $415K | $613K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006090 | +0.462% | $2.1M | $5.8M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006093 | +0.516% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006092 | +0.496% | $54K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0161% | 1h | 0.000006040 | −0.363% | $248 | $134K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.023% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006097 | +0.577% | $823K | $953K | 50x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0312% | 1h | 0.000006095 | +0.544% | $25K | $6K | 15x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006093 | +0.505% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0378% | 1h | 0.000006097 | +0.585% | $1.2M | $804K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0681% | 1h | 0.000006103 | +0.676% | $4.4M | $4.0M | 10x | as long as short |
OKX SHIB-USDT-SWAP
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
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Backpack kSHIB_USDC_PERP
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB