Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Kalshi−0.087%49s7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as 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−$670.666% of the position
Funding, last 7 days+0.147%+$15 on $10k
+Price spread, last 7 days+0.022%+$2 · spread now −0.087%, 7d avg +0.010%
=Funding pays, the price is against you. KuCoin is 0.097% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of +0.010%). If the spread goes back, that is −$10 on $10k: about 3.2 days of funding at the current rate (+$3 a day). The two prices were read 49 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 | 0.000006008 | 0 | get 0.0000% / 8h | 4h 52m | $105K | $3.2M | 2x |
| Short | KuCoin SHIBUSDTM | 0.000006003 | 0.0100 | get 0.0100% / 8h | 52m 22s | $4.6M | $3.2M | 75x |
Kalshi KXKSHIBPERP
KuCoin SHIBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.087% → +0.010%
- −$9.68
- Slippage, 4 orders
- −$44.65
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$55.32
- Costs to cover
- 0.666%
- Break-even
- 25.4 days
Slippage from Kalshi: live order book, 1 min ago; KuCoin: live order book, 5 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 | 19.4 bp −$194 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 1.66 bp | 19.1 bp −$19 | 52.4 bp −$524 | 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 | −0.0016% | 1h | 0.000005997 | −0.186% | $116K | $1.6M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005999 | −0.153% | $23K | $57K | 10x | as long as short |
| Kalshi KXKSHIBPERPlong | 0.0000% | 8h | 0.000006008 | long leg | $105K | $3.2M | 2x | |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006002 | −0.110% | $566 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.529% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000006003 | −0.087% | — | $1.6M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0083% | 1h | 0.000006005 | −0.053% | $47K | $55K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006006 | −0.037% | $156K | $640K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006001 | −0.122% | $41K | $331K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006000 | −0.136% | $12K | $5K | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006005 | −0.058% | $30.1M | $126.7M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006001 | −0.120% | $9.1M | $43.1M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005999 | −0.153% | $7.0M | $7.2M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006001 | −0.120% | $27.9M | $19.7M | 300x | as long as short |
| KuCoin SHIBUSDTMshort | +0.0100% | 8h | 0.000006003 | −0.087% | $4.6M | $3.2M | 75x | |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006002 | −0.103% | $11.3M | $17.0M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006001 | −0.120% | $23K | $8K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006006 | −0.037% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006017 | +0.146% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006005 | −0.053% | $501 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006004 | −0.070% | $409K | $575K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006004 | −0.070% | $2.1M | $7.6M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006001 | −0.117% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0104% | 8h | 0.000005997 | −0.180% | $7K | $13 | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0200% | 1h | 0.000006002 | −0.099% | $1.1M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | −0.136% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005993 | −0.253% | $860K | $933K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0259% | 1h | 0.000006011 | +0.047% | $3.6M | $5.4M | 10x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006000 | −0.132% | $1 | — | 20x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
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
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Hyperliquid kSHIB
Reya kSHIBRUSDPERP