Funding you earn now, next payment 04:00 UTC+0.0268%/8h= +29.3% APRpaid last 24h +0.029%
Price spread now: KuCoin against Coinbase International−0.128%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$750.754% of the position
Funding, last 7 days+0.146%+$15 on $10k
+Price spread, last 4 days (all we have)+0.238%+$24 · spread now −0.128%, 7d avg −0.002%
=Funding pays, the price is against you. KuCoin is 0.127% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of −0.002%). If the spread goes back, that is −$13 on $10k: about 38 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.146% in total) that is about 6.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.146% in total (about 7.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000SHIB-PERP-INTX | 0.000006235 | −0.0168 | get 0.0021% / 1h | 51m 59s | $109K | $1.3M | 50x |
| Short | KuCoin SHIBUSDTM | 0.000006227 | 0.0100 | get 0.0100% / 8h | 3h 51m | $4.8M | $2.9M | 75x |
Coinbase International 1000SHIB-PERP-INTX
KuCoin SHIBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $56.28
- Price spread: −0.128% → −0.002%
- −$12.68
- Slippage, 4 orders
- −$53.37
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$31.77
- Costs to cover
- 0.754%
- Break-even
- 11.0 days
Slippage from Coinbase International: live order book, 2 min ago; KuCoin: 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, 2 min ago | 9.63 bp | 16.1 bp −$16 | 21.0 bp −$210 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 4.82 bp | 20.9 bp −$21 | 62.1 bp −$621 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTXlong | −0.0168% | 1h | 0.000006235 | long leg | $109K | $1.3M | 50x | |
| Kraken Futures PF_SHIBUSD | −0.0063% | 1h | 0.000006233 | −0.031% | $1.2M | $963K | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006239 | +0.062% | $24K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006230 | −0.082% | $180K | $2.5M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006231 | −0.058% | $588 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −3.128% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006236 | +0.016% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006238 | +0.048% | $164K | $610K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006233 | −0.036% | $43K | $322K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006237 | +0.037% | $31.4M | $110.5M | 75x | as long as short |
Kraken Futures PF_SHIBUSD
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDT
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 | 0.000006237 | +0.032% | $10.0M | $39.7M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006231 | −0.064% | $7.3M | $6.1M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006225 | −0.160% | $31.9M | $18.5M | 300x | as long as short |
| KuCoin SHIBUSDTMshort | +0.0100% | 8h | 0.000006227 | −0.128% | $4.8M | $2.9M | 75x | |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006228 | −0.112% | $11.8M | $15.2M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006233 | −0.032% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006247 | +0.192% | $3K | $25K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006237 | +0.032% | $499 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006242 | +0.112% | $425K | $562K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006230 | −0.080% | $2.2M | $7.0M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006229 | −0.096% | $55K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0122% | 8h | 0.000006245 | +0.157% | $7K | $13 | 20x | as long as short |
| Hyperliquid kSHIB | +0.0183% | 1h | 0.000006242 | +0.112% | $3.7M | $5.0M | 10x | as long as short |
| Pacifica kSHIB | +0.0188% | 1h | 0.000006239 | +0.064% | $12K | $5K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0214% / S −0.2404% | 1h | 0.000006000 | −3.769% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006231 | −0.064% | $915K | $925K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0231% | 1h | 0.000006239 | +0.064% | $48K | $58K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006231 | −0.064% | $1 | — | 20x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0514% | 1h | 0.000006237 | +0.032% | $24K | $7K | 15x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Hyperliquid kSHIB
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP
Backpack kSHIB_USDC_PERP