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: Binance against Kalshi+0.231%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 7 days−0.341%−$34 · spread now +0.231%, 7d avg +0.048%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.183% dearer against Kalshi than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXKSHIBPERP | 0.000005988 | 0 | get 0.0000% / 8h | 1h 32m | $192K | $2.3M | 2x |
| Short | Binance 1000SHIBUSDT | 0.000006002 | 0.0100 | get 0.0100% / 8h | 5h 32m | $29.4M | $102.3M | 75x |
Kalshi KXKSHIBPERP
Binance 1000SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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: +0.231% → +0.048%
- $18.3
- Slippage, 4 orders
- −$25.1
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$5.8
- Costs to cover
- 0.451%
- Break-even
- 8.9 days
Slippage from Kalshi: live order book, 1 min ago; Binance: live order book, 10 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 | 8.17 bp | 13.2 bp −$13 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.83 bp | 9.7 bp −$10 | 19.0 bp −$190 | 57.8 bp −$5,775 | 165.9 bp −$82.9K |
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 | −0.0293% | 1h | 0.000005993 | +0.091% | $1.1M | $898K | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0032% | 1h | 0.000005981 | −0.114% | $135K | $1.1M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005995 | +0.120% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERPlong | 0.0000% | 8h | 0.000005988 | long leg | $192K | $2.3M | 2x | |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005995 | +0.120% | $566 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.872% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000005997 | +0.154% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005999 | +0.187% | $162K | $613K | 10x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000006003 | +0.254% | $3.6M | $4.8M | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005998 | +0.176% | $41K | $317K | 50x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Lighter 1000SHIB
Hyperliquid kSHIB
Aster 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDTshort | +0.0100% | 8h | 0.000006002 | +0.231% | $29.4M | $102.3M | 75x | |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005999 | +0.187% | $9.3M | $36.1M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005993 | +0.087% | $6.9M | $5.8M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005999 | +0.187% | $29.7M | $17.4M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005999 | +0.187% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005997 | +0.154% | $11.2M | $14.3M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005999 | +0.187% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005997 | +0.154% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006006 | +0.304% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005998 | +0.170% | $499 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005990 | +0.037% | $410K | $583K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005994 | +0.104% | $2.1M | $6.7M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005998 | +0.167% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0111% | 8h | 0.000005998 | +0.170% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0135% | 1h | 0.000005999 | +0.187% | $12K | $4K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.497% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005998 | +0.170% | $880K | $895K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0251% | 1h | 0.000005997 | +0.154% | $46K | $61K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005998 | +0.166% | $1 | — | 20x | 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
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP