Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.017%
Price spread now: Kalshi against Gate−0.033%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$610.606% of the position
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 7 days+0.153%+$15 · spread now −0.033%, 7d avg +0.007%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.040% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SHIB_USDT | 0.000006029 | 0.0100 | pay 0.0100% / 8h | 4h 25m | $7.0M | $5.9M | 75x |
| Short | Kalshi KXKSHIBPERP | 0.000006027 | 0 | get 0.0000% / 8h | 25m 31s | $194K | $2.3M | 2x |
Gate SHIB_USDT
Kalshi KXKSHIBPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi 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
- −$21
- Price spread: −0.033% → +0.007%
- −$4
- Slippage, 4 orders
- −$35.64
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$85.64
- Costs to cover
- 0.606%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Kalshi: 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 | 2.49 bp | 15.4 bp −$15 | 31.6 bp −$316 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 3 min ago | 8.37 bp | 13.4 bp −$13 | 20.1 bp −$201 | 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 | −0.0349% | 1h | 0.000006026 | −0.042% | $1.1M | $931K | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0088% | 1h | 0.000006010 | −0.315% | $126K | $1.1M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006029 | −0.002% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERPshort | 0.0000% | 8h | 0.000006027 | −0.033% | $194K | $2.3M | 2x | |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006025 | −0.066% | $46K | $58K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006026 | −0.043% | $569 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.182% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000006032 | +0.050% | — | $2.1M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006030 | +0.017% | $160K | $607K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006021 | −0.127% | $40K | $321K | 50x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Lighter 1000SHIB
Aster 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kSHIB | +0.0100% | 1h | 0.000006030 | +0.017% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006037 | +0.129% | $29.7M | $104.2M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006033 | +0.066% | $9.5M | $37.0M | 50x | as long as short |
| Gate SHIB_USDTlong | +0.0100% | 8h | 0.000006029 | long leg | $7.0M | $5.9M | 75x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006031 | +0.033% | $30.2M | $17.8M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006032 | +0.050% | $4.8M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006033 | +0.066% | $11.4M | $14.6M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006028 | −0.017% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006028 | −0.017% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006028 | −0.017% | $476 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006027 | −0.033% | $411K | $558K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006030 | +0.017% | $2.1M | $6.9M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006034 | +0.081% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0118% | 8h | 0.000006036 | +0.110% | $7K | $13 | 20x | as long as short |
| Hyperliquid kSHIB | +0.0138% | 1h | 0.000006040 | +0.182% | $3.6M | $4.8M | 10x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0152% | 1h | 0.000006028 | −0.017% | $23K | $7K | 15x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.481% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006032 | +0.050% | $871K | $897K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006032 | +0.049% | $1 | — | 20x | as long as short |
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
MEXC SHIB_USDT
KuCoin SHIBUSDTM
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
Backpack kSHIB_USDC_PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP