Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%
Price spread now: Bitget against Gate−0.083%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$530.528% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 7 days+0.093%+$9 · spread now −0.083%, 7d avg +0.027%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.110% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SHIB_USDT | 0.000006026 | 0.0100 | pay 0.0100% / 8h | 6h 10m | $7.0M | $5.7M | 75x |
| Short | Bitget SHIBUSDT | 0.000006021 | 0.0100 | get 0.0100% / 8h | 6h 10m | $11.3M | $14.2M | 75x |
Gate SHIB_USDT
Bitget SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $0
- Price spread: −0.083% → +0.027%
- −$11.01
- Slippage, 4 orders
- −$25.85
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$63.86
- Costs to cover
- 0.528%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago | 1.66 bp | 13.5 bp −$13 | 23.0 bp −$230 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.83 bp | 11.0 bp −$11 | 21.5 bp −$215 | 63.0 bp −$6,303 | doesn't fit |
SHIB on 28 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 | 0.000006020 | −0.101% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006032 | +0.100% | $193K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006026 | +0.003% | $733 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.232% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0072% | 1h | 0.000006021 | −0.083% | $135K | $1.1M | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006019 | −0.116% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006021 | −0.083% | $163K | $610K | 10x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000006035 | +0.149% | $3.7M | $4.7M | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006030 | +0.071% | $93K | $246K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006022 | −0.074% | $29.5M | $102.3M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
Lighter 1000SHIB
Hyperliquid kSHIB
Aster 1000SHIBUSDT
Binance 1000SHIBUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006020 | −0.100% | $9.3M | $36.2M | 50x | as long as short |
| Gate SHIB_USDTlong | +0.0100% | 8h | 0.000006026 | long leg | $7.0M | $5.7M | 75x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006019 | −0.116% | $30.4M | $17.6M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006021 | −0.083% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDTshort | +0.0100% | 8h | 0.000006021 | −0.083% | $11.3M | $14.2M | 75x | |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006035 | +0.149% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006035 | +0.149% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006046 | +0.332% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006035 | +0.149% | $510 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006030 | +0.066% | $413K | $595K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006040 | +0.232% | $2.1M | $6.7M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006018 | −0.129% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0115% | 8h | 0.000006026 | −0.002% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0183% | 1h | 0.000006023 | −0.050% | $12K | $4K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.431% | $1K | — | 100x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0247% | 1h | 0.000006035 | +0.149% | $46K | $64K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006026 | +0.008% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0755% | 1h | 0.000006030 | +0.062% | $1.1M | $876K | 50x | as long as short |
OKX SHIB-USDT-SWAP
MEXC SHIB_USDT
KuCoin SHIBUSDTM
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]
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD