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: MEXC against Kalshi−0.110%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$360.355% of the position
Funding, last 7 days+0.142%+$14 on $10k
+Price spread, last 7 days+0.039%+$4 · spread now −0.110%, 7d avg +0.013%
=Funding pays, the price is against you. MEXC is 0.123% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.110% now, against its 7-day average of +0.013%). If the spread goes back, that is −$12 on $10k: about 4.1 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXKSHIBPERP | 0.000006005 | 0 | get 0.0000% / 8h | 19m 34s | $192K | $2.3M | 2x |
| Short | MEXC SHIB_USDT | 0.000005998 | 0.0100 | get 0.0100% / 8h | 4h 19m | $30.0M | $17.8M | 300x |
Kalshi KXKSHIBPERP
MEXC SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.110% → +0.013%
- −$12.29
- Slippage, 4 orders
- −$25.54
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$26.83
- Costs to cover
- 0.355%
- Break-even
- 15.9 days
Slippage from Kalshi: live order book, 4 min ago; MEXC: live order book, 4 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 | 8.56 bp | 14.1 bp −$14 | 19.9 bp −$199 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.83 bp | 2.6 bp −$3 | 7.9 bp −$79 | 54.2 bp −$5,422 | 88.4 bp −$44.2K |
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 | −0.0351% | 1h | 0.000006001 | −0.056% | $1.1M | $932K | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0088% | 1h | 0.000006010 | +0.090% | $126K | $1.1M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006003 | −0.030% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERPlong | 0.0000% | 8h | 0.000006005 | long leg | $192K | $2.3M | 2x | |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006002 | −0.037% | $566 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.590% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006002 | −0.043% | — | $1.6M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0083% | 1h | 0.000006006 | +0.023% | $46K | $58K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006007 | +0.040% | $160K | $608K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006000 | −0.074% | $40K | $321K | 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
Deribit 1000SHIB_USDC-PERPETUAL
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 | 0.000006005 | +0.007% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006006 | +0.023% | $29.6M | $104.7M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006001 | −0.060% | $9.4M | $36.9M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005997 | −0.127% | $7.0M | $5.9M | 75x | as long as short |
| MEXC SHIB_USDTshort | +0.0100% | 8h | 0.000005998 | −0.110% | $30.0M | $17.8M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006002 | −0.043% | $4.8M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006001 | −0.060% | $11.5M | $14.7M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006007 | +0.040% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006016 | +0.190% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006006 | +0.023% | $473 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006003 | −0.027% | $410K | $556K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006006 | +0.023% | $2.1M | $6.9M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005999 | −0.091% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0118% | 8h | 0.000006001 | −0.059% | $7K | $13 | 20x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0126% | 1h | 0.000006007 | +0.040% | $23K | $7K | 15x | as long as short |
| Hyperliquid kSHIB | +0.0130% | 1h | 0.000006007 | +0.040% | $3.6M | $4.8M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.077% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006004 | −0.010% | $869K | $891K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005999 | −0.090% | $1 | — | 20x | as long as short |
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate 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
Backpack kSHIB_USDC_PERP
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP