Funding you earn now, next payment 22:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.105%
Price spread now: BloFin against Kraken Futures+0.052%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$590.590% of the position
Funding, last 7 days+0.331%+$33 on $10k
+Price spread, last 3 days (all we have)−0.066%−$7 · spread now +0.052%, 7d avg −0.012%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.064% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SHIBUSD | 0.000005969 | 0.0056 | pay 0.0007% / 1h | 11m 00s | $1.1M | $764K | 50x |
| Short | BloFin SHIB-USDT | 0.000005972 | 0.0220 | get 0.0220% / 8h | 2h 11m | $711K | $964K | 50x |
Kraken Futures PF_SHIBUSD
BloFin SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Kraken Futures. 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
- $34.45
- Price spread: +0.052% → −0.012%
- $6.38
- Slippage, 4 orders
- −$37.05
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$18.22
- Costs to cover
- 0.590%
- Break-even
- 10.7 days
Slippage from Kraken Futures: live order book, 2 min ago; BloFin: live order book, 26 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 Kraken Futures live order book, 2 min ago | 3.35 bp | 19.3 bp −$19 | 35.9 bp −$359 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 26 min ago | 2.53 bp | 14.9 bp −$15 | 25.9 bp −$259 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005968 | −0.007% | $58K | $1.7M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005971 | +0.035% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005974 | +0.090% | $727 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0016% | 1h | 0.000005980 | +0.186% | $89K | $758K | 50x | as long as short |
| Kraken Futures PF_SHIBUSDlong | +0.0056% | 1h | 0.000005969 | long leg | $1.1M | $764K | 50x | |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000005970 | +0.018% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005969 | +0.002% | $152K | $286K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005971 | +0.040% | $35K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005967 | −0.032% | $11K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005972 | +0.048% | $29.0M | $88.6M | 75x | as long as short |
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
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 | 0.000005969 | +0.002% | $7.6M | $28.0M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005967 | −0.032% | $6.8M | $5.4M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005969 | +0.002% | $31.7M | $15.8M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005974 | +0.085% | $4.9M | $2.3M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005970 | +0.018% | $11.6M | $12.4M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005973 | +0.069% | $25K | $5K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005972 | +0.052% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005977 | +0.136% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005968 | −0.015% | $542 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005967 | −0.032% | $403K | $615K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005973 | +0.069% | $2.1M | $5.5M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0100% | 8h | 0.000005969 | +0.008% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005970 | +0.010% | $53K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0187% | 1h | 0.000005964 | −0.082% | $245 | $67K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.233% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTshort | +0.0220% | 8h | 0.000005972 | +0.052% | $711K | $964K | 50x | |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005973 | +0.072% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0678% | 1h | 0.000005983 | +0.236% | $4.3M | $3.7M | 10x | as long as short |
| dYdX SHIB-USD | +0.7488% | 1h | 0.000005966 | −0.051% | $23K | $64K | 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
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
dYdX SHIB-USD