Funding you earn now, next payment 09:00 UTC+0.0002%/8h= +0.3% APRpaid last 24h +0.020%
Price spread now: MEXC against Kraken Futures−0.198%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$580.581% of the position
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 4 days (all we have)+0.276%+$28 · spread now −0.198%, 7d avg −0.004%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.194% cheaper against Kraken Futures than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SHIBUSD | 0.000006114 | 0.0098 | pay 0.0012% / 1h | 59m 42s | $1.2M | $1.0M | 50x |
| Short | MEXC SHIB_USDT | 0.000006102 | 0.0100 | get 0.0100% / 8h | 6h 59m | $28.0M | $19.8M | 300x |
Kraken Futures PF_SHIBUSD
MEXC SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $0.52
- Price spread: −0.198% → −0.004%
- −$19.43
- Slippage, 4 orders
- −$48.1
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$77.01
- Costs to cover
- 0.581%
- Break-even
- 1045.1 days
Slippage from Kraken Futures: 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 Kraken Futures live order book, 4 min ago | 5.72 bp | 22.9 bp −$23 | 70.5 bp −$705 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.82 bp | 4.0 bp −$4 | 9.5 bp −$95 | 55.6 bp −$5,556 | 84.7 bp −$42.3K |
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 | −0.0024% | 1h | 0.000006109 | −0.084% | $132K | $1.7M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006115 | +0.008% | $108K | $3.5M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006113 | −0.017% | $577 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −1.212% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0051% | 8h | 0.000006105 | −0.149% | — | $2.2M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0077% | 1h | 0.000006118 | +0.063% | $49K | $50K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006108 | −0.100% | $157K | $623K | 10x | as long as short |
| Kraken Futures PF_SHIBUSDlong | +0.0098% | 1h | 0.000006114 | long leg | $1.2M | $1.0M | 50x | |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006108 | −0.098% | $42K | $295K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006106 | −0.133% | $12K | $6K | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
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 | 0.000006106 | −0.134% | $31.4M | $129.8M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006103 | −0.182% | $9.8M | $47.0M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006108 | −0.100% | $7.2M | $7.2M | 75x | as long as short |
| MEXC SHIB_USDTshort | +0.0100% | 8h | 0.000006102 | −0.198% | $28.0M | $19.8M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006103 | −0.182% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006107 | −0.117% | $11.5M | $17.7M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006114 | −0.002% | $24K | $9K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006118 | +0.063% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006123 | +0.145% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006116 | +0.031% | $519 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006110 | −0.068% | $419K | $517K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006118 | +0.063% | $2.1M | $7.8M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000006107 | −0.109% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006110 | −0.071% | $54K | $4K | 25x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | −1.867% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006115 | +0.014% | $917K | $944K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0319% | 1h | 0.000006116 | +0.031% | $3.7M | $5.5M | 10x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006114 | +0.004% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.6810% | 1h | 0.000006113 | −0.022% | $32K | $75K | 10x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate 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
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Hyperliquid kSHIB
Reya kSHIBRUSDPERP
dYdX SHIB-USD