Funding you earn now, next payment 21:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.021%
Price spread now: Lighter against Coinbase International+0.084%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$470.471% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 3 days (all we have)+0.052%+$5 · spread now +0.084%, 7d avg +0.010%
=Together, before fees+0.051%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.074% dearer against Coinbase International than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000SHIB-PERP-INTX | 0.000005933 | 0.0016 | pay 0.0002% / 1h | 30m 00s | $89K | $752K | 50x |
| Short | Lighter 1000SHIB | 0.000005938 | 0.0096 | get 0.0012% / 1h | 30m 00s | $151K | $285K | 10x |
Coinbase International 1000SHIB-PERP-INTX
Lighter 1000SHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $16.8
- Price spread: +0.084% → +0.010%
- $7.43
- Slippage, 4 orders
- −$37.08
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$22.85
- Costs to cover
- 0.471%
- Break-even
- 16.5 days
Slippage from Coinbase International: live order book, 58 min ago; Lighter: live order book, 53 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, 58 min ago | 6.69 bp | 13.3 bp −$13 | 20.9 bp −$209 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 53 min ago | 2.52 bp | 14.6 bp −$15 | 79.0 bp −$790 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005944 | +0.182% | $48K | $1.6M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005939 | +0.101% | $42K | $61K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005939 | +0.101% | $722 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTXlong | +0.0016% | 1h | 0.000005933 | long leg | $89K | $752K | 50x | |
| BingX 1000SHIB-USDT | +0.0017% | 8h | 0.000005936 | +0.051% | — | $2.1M | — | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0056% | 1h | 0.000005938 | +0.079% | $1.1M | $763K | 50x | as long as short |
| Lighter 1000SHIBshort | +0.0096% | 1h | 0.000005938 | +0.084% | $151K | $285K | 10x | |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005939 | +0.101% | $35K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005946 | +0.219% | $11K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005941 | +0.136% | $28.9M | $88.2M | 75x | as long as short |
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
BingX 1000SHIB-USDT
Kraken Futures PF_SHIBUSD
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 | 0.000005935 | +0.034% | $7.5M | $27.8M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005937 | +0.067% | $6.7M | $5.4M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005936 | +0.051% | $31.7M | $15.6M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005936 | +0.051% | $4.9M | $2.3M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005939 | +0.101% | $11.6M | $12.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005937 | +0.067% | $25K | $5K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005939 | +0.101% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005949 | +0.270% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005936 | +0.051% | $547 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005938 | +0.084% | $400K | $620K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005941 | +0.135% | $2.1M | $5.4M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0100% | 8h | 0.000005948 | +0.257% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005934 | +0.013% | $53K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0187% | 1h | 0.000005964 | +0.523% | $245 | $67K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −15.726% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005934 | +0.017% | $706K | $983K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005940 | +0.122% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0646% | 1h | 0.000005947 | +0.236% | $4.3M | $3.7M | 10x | as long as short |
| dYdX SHIB-USD | +0.9436% | 1h | 0.000005946 | +0.215% | $23K | $64K | 10x | as long as short |
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
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
dYdX SHIB-USD