Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h +0.007%
Price spread now: BingX against Gate0.000%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$630.628% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 7 days+0.026%+$3 · spread now 0.000%, 7d avg −0.013%
=The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SHIB_USDT | 0.000006104 | 0.0100 | pay 0.0100% / 8h | 3h 13m | $7.3M | $6.9M | 75x |
| Short | BingX 1000SHIB-USDC | 0.000006104 | 0.0070 | get 0.0070% / 8h | 3h 13m | — | $1.6M | — |
Gate SHIB_USDT
BingX 1000SHIB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- −$6.3
- Price spread: 0.000% → −0.013%
- $1.29
- Slippage, 4 orders
- −$37.78
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$67.79
- Costs to cover
- 0.628%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; BingX: 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 Gate live order book, 5 min ago | 2.45 bp | 17.0 bp −$17 | 34.9 bp −$349 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 2.45 bp | 15.2 bp −$15 | 41.5 bp −$415 | 199.6 bp −$20.0K | 967.9 bp −$484.0K |
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-INTX | −0.0168% | 1h | 0.000006131 | +0.442% | $123K | $1.5M | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | −0.0064% | 1h | 0.000006110 | +0.106% | $1.2M | $1.0M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006109 | +0.080% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006123 | +0.305% | $191K | $2.9M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006114 | +0.164% | $51K | $61K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006115 | +0.183% | $577 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −1.048% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDCshort | +0.0070% | 8h | 0.000006104 | 0.000% | — | $1.6M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006109 | +0.082% | $161K | $627K | 10x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000006115 | +0.180% | $3.6M | $5.2M | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kraken Futures PF_SHIBUSD
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
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 | 0.000006116 | +0.196% | $42K | $331K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006110 | +0.105% | $31.2M | $117.9M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006104 | 0.000% | $9.8M | $41.2M | 50x | as long as short |
| Gate SHIB_USDTlong | +0.0100% | 8h | 0.000006104 | long leg | $7.3M | $6.9M | 75x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006108 | +0.066% | $30.0M | $18.9M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006112 | +0.131% | $4.7M | $3.0M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006107 | +0.049% | $11.7M | $16.3M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006108 | +0.066% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006114 | +0.164% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006123 | +0.311% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006114 | +0.164% | $508 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006115 | +0.180% | $419K | $579K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006110 | +0.098% | $2.1M | $7.2M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000006115 | +0.183% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006108 | +0.066% | $54K | $4K | 25x | as long as short |
| Pacifica kSHIB | +0.0188% | 1h | 0.000006115 | +0.180% | $12K | $5K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.704% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006114 | +0.164% | $947K | $915K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006115 | +0.172% | $1 | — | 20x | as long as short |
Aster 1000SHIBUSDT
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
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
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP