Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Aster against Kalshi+0.370%51s7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$870.870% of the position
Funding, last 7 days+0.171%+$17 on $10k
+Price spread, last 4 days (all we have)−0.259%−$26 · spread now +0.370%, 7d avg +0.057%
=Together, before fees−0.088%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.313% dearer against Kalshi than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.057%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXKSHIBPERP | 0.000006078 | 0 | get 0.0000% / 8h | 3h 57m | $193K | $2.3M | 2x |
| Short | Aster 1000SHIBUSDT | 0.000006101 | 0.0100 | get 0.0100% / 8h | 3h 57m | $42K | $322K | 50x |
Kalshi KXKSHIBPERP
Aster 1000SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Kalshi. 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: +0.370% → +0.057%
- $31.29
- Slippage, 4 orders
- −$69.04
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$34.75
- Costs to cover
- 0.870%
- Break-even
- 18.6 days
Slippage from Kalshi: live order book, 1 min ago; Aster: live order book, 60 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 Kalshi live order book, 1 min ago | 6.73 bp | 14.5 bp −$14 | 22.2 bp −$222 | doesn't fit | doesn't fit |
| Sell Aster live order book, 60 min ago | 5.88 bp | 41.8 bp −$42 | 146.6 bp −$1,466 | 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-INTX | −0.0168% | 1h | 0.000006092 | +0.222% | $124K | $1.1M | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | −0.0064% | 1h | 0.000006108 | +0.478% | $1.1M | $945K | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006100 | +0.352% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERPlong | 0.0000% | 8h | 0.000006078 | long leg | $193K | $2.3M | 2x | |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006103 | +0.396% | $576 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −0.633% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000006106 | +0.452% | — | $2.1M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006107 | +0.469% | $161K | $608K | 10x | as long as short |
| Aster 1000SHIBUSDTshort | +0.0100% | 8h | 0.000006101 | +0.370% | $42K | $322K | 50x | |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006107 | +0.469% | $30.3M | $106.5M | 75x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kraken Futures PF_SHIBUSD
dYdX SHIB-USD
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Lighter 1000SHIB
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 | 0.000006102 | +0.387% | $9.7M | $37.7M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006100 | +0.354% | $7.1M | $6.0M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006102 | +0.387% | $30.5M | $17.8M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006104 | +0.420% | $4.8M | $2.8M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006105 | +0.436% | $11.6M | $14.7M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006097 | +0.304% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006106 | +0.452% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006124 | +0.749% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006109 | +0.502% | $488 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006082 | +0.058% | $415K | $551K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006081 | +0.041% | $2.1M | $7.0M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006105 | +0.433% | $54K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0121% | 8h | 0.000006110 | +0.519% | $7K | $13 | 20x | as long as short |
| Hyperliquid kSHIB | +0.0129% | 1h | 0.000006108 | +0.485% | $3.7M | $4.8M | 10x | as long as short |
| Pacifica kSHIB | +0.0188% | 1h | 0.000006105 | +0.436% | $12K | $5K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.291% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006075 | −0.058% | $894K | $902K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006101 | +0.374% | $1 | — | 20x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0405% | 1h | 0.000006110 | +0.518% | $47K | $58K | 25x | 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
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Hyperliquid kSHIB
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Deribit 1000SHIB_USDC-PERPETUAL