Funding you earn now, next payment 02:00 UTC+0.0252%/8h= +27.6% APRpaid last 24h +0.062%
Price spread now: BloFin against Coinbase International+0.100%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$570.567% of the position
Funding, last 7 days+0.380%+$38 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.100%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BloFin is 0.098% dearer against Coinbase International than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000SHIB-PERP-INTX | 0.000005981 | −0.0032 | get 0.0004% / 1h | 38m 20s | $135K | $1.1M | 50x |
| Short | BloFin SHIB-USDT | 0.000005987 | 0.0220 | get 0.0220% / 8h | 5h 38m | $876K | $894K | 50x |
Coinbase International 1000SHIB-PERP-INTX
BloFin SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $52.92
- Price spread: +0.100% → +0.002%
- $9.84
- Slippage, 4 orders
- −$34.73
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $6.04
- Costs to cover
- 0.567%
- Break-even
- 6.2 days
Slippage from Coinbase International: live order book, 5 min ago; BloFin: live order book, 4 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, 5 min ago | 11.66 bp | 18.2 bp −$18 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.83 bp | 8.7 bp −$9 | 17.2 bp −$172 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SHIBUSD | −0.0294% | 1h | 0.000005974 | −0.118% | $1.1M | $896K | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTXlong | −0.0032% | 1h | 0.000005981 | long leg | $135K | $1.1M | 50x | |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005984 | +0.050% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005988 | +0.117% | $192K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005972 | −0.144% | $564 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.986% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000005975 | −0.100% | — | $2.1M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0085% | 1h | 0.000005979 | −0.033% | $46K | $61K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005990 | +0.150% | $161K | $613K | 10x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000005984 | +0.050% | $3.6M | $4.8M | 10x | as long as short |
Kraken Futures PF_SHIBUSD
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
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 | 0.000005988 | +0.117% | $41K | $317K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005980 | −0.016% | $29.3M | $102.1M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005974 | −0.117% | $9.2M | $36.0M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005976 | −0.084% | $6.9M | $5.8M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005979 | −0.033% | $29.6M | $17.3M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005986 | +0.084% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005973 | −0.134% | $11.2M | $14.3M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005980 | −0.017% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005977 | −0.067% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005997 | +0.268% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005978 | −0.050% | $506 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005983 | +0.033% | $409K | $583K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005972 | −0.150% | $2.1M | $6.7M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005971 | −0.161% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0110% | 8h | 0.000005989 | +0.132% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0135% | 1h | 0.000005991 | +0.167% | $12K | $4K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.402% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTshort | +0.0220% | 8h | 0.000005987 | +0.100% | $876K | $894K | 50x | |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005973 | −0.130% | $1 | — | 20x | as long as short |
Aster 1000SHIBUSDT
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
Reya kSHIBRUSDPERP