Funding you earn now, next payment 08:00 UTC+0.0220%/8h= +24.1% APRnext payment +$2.20 per $10,000 · paid last 24h +0.066%
Price spread now: BloFin against Kalshi+0.013%61s7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as 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−$500.498% of the position
Funding, last 7 days+0.381%+$38 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.013%, 7d avg +0.012%
=The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 61 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 | 0.000005969 | 0 | get 0.0000% / 8h | 4h 19m | $118K | $3.2M | 2x |
| Short | BloFin SHIB-USDT | 0.000005970 | 0.0220 | get 0.0220% / 8h | 19m 51s | $867K | $931K | 50x |
Kalshi KXKSHIBPERP
BloFin SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $46.2
- Price spread: +0.013% → +0.012%
- $0.18
- Slippage, 4 orders
- −$27.77
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$3.39
- Costs to cover
- 0.498%
- Break-even
- 7.5 days
Slippage from Kalshi: live order book, 4 min ago; BloFin: live order book, 62 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, 4 min ago | 5.92 bp | 15.6 bp −$16 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 62 min ago | 1.66 bp | 13.9 bp −$14 | 22.0 bp −$220 | 83.5 bp −$8,346 | 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 | −0.0016% | 1h | 0.000006005 | +0.600% | $117K | $1.6M | 50x | as long as short |
| Kalshi KXKSHIBPERPlong | 0.0000% | 8h | 0.000005969 | long leg | $118K | $3.2M | 2x | |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005976 | +0.121% | $564 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.186% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000005983 | +0.231% | — | $1.7M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0085% | 1h | 0.000005976 | +0.114% | $50K | $59K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005981 | +0.198% | $156K | $643K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005983 | +0.233% | $41K | $305K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005965 | −0.070% | $12K | $6K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005986 | +0.284% | $30.4M | $127.9M | 75x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
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 | 0.000005980 | +0.181% | $8.9M | $43.8M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005976 | +0.114% | $7.0M | $7.3M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005978 | +0.147% | $28.7M | $20.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005978 | +0.147% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005982 | +0.214% | $11.3M | $17.2M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005980 | +0.181% | $23K | $8K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005975 | +0.097% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005988 | +0.315% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005975 | +0.097% | $506 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005971 | +0.030% | $407K | $576K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005984 | +0.248% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0103% | 8h | 0.000005969 | +0.004% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005977 | +0.129% | $53K | $4K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0201% | 1h | 0.000005977 | +0.124% | $1.2M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000005000 | −16.237% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTshort | +0.0220% | 8h | 0.000005970 | +0.013% | $867K | $931K | 50x | |
| Hyperliquid kSHIB | +0.0253% | 1h | 0.000005988 | +0.315% | $3.6M | $5.5M | 10x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005968 | −0.028% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.4335% | 1h | 0.000005965 | −0.072% | $35K | $70K | 10x | 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
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
Hyperliquid kSHIB
Reya kSHIBRUSDPERP
dYdX SHIB-USD