Funding you earn now, next payment 22:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.023%
Price spread now: Coinbase International against KuCoin−0.099%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$670.666% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 3 days (all we have)+0.038%+$4 · spread now −0.099%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.102% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SHIBUSDTM | 0.000006045 | 0.0100 | pay 0.0100% / 8h | 1h 27m | $4.8M | $2.5M | 75x |
| Short | Coinbase International 1000SHIB-PERP-INTX | 0.000006039 | 0.0008 | get 0.0001% / 1h | 27m 24s | $81K | $780K | 50x |
KuCoin SHIBUSDTM
Coinbase International 1000SHIB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against KuCoin. 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
- −$19.32
- Price spread: −0.099% → +0.002%
- −$10.16
- Slippage, 4 orders
- −$44.57
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$96.04
- Costs to cover
- 0.666%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, just now; Coinbase International: live order book, 56 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 KuCoin live order book, just now | 3.31 bp | 19.5 bp −$20 | 48.2 bp −$482 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 56 min ago | 8.36 bp | 13.4 bp −$13 | 16.9 bp −$169 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006040 | −0.083% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006045 | −0.007% | $73K | $1.9M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006054 | +0.149% | $736 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTXshort | +0.0008% | 1h | 0.000006039 | −0.099% | $81K | $780K | 50x | |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006054 | +0.149% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006043 | −0.033% | $152K | $290K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006044 | −0.021% | $35K | $175K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006044 | −0.017% | $11K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006058 | +0.215% | $29.7M | $93.2M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006058 | +0.215% | $8.8M | $31.7M | 50x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006050 | +0.083% | $6.9M | $5.5M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006044 | −0.017% | $30.7M | $16.0M | 300x | as long as short |
| KuCoin SHIBUSDTMlong | +0.0100% | 8h | 0.000006045 | long leg | $4.8M | $2.5M | 75x | |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006057 | +0.199% | $11.6M | $13.0M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006039 | −0.099% | $25K | $6K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006057 | +0.199% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006070 | +0.414% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006060 | +0.248% | $537 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006043 | −0.033% | $412K | $618K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006041 | −0.066% | $2.1M | $5.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0103% | 8h | 0.000006048 | +0.046% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006057 | +0.202% | $53K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0141% | 1h | 0.000006040 | −0.083% | $248 | $134K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.744% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006051 | +0.099% | $830K | $947K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0246% | 1h | 0.000006058 | +0.215% | $46K | $65K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006047 | +0.032% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0357% | 1h | 0.000006065 | +0.323% | $1.2M | $792K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0818% | 1h | 0.000006058 | +0.215% | $4.4M | $4.0M | 10x | as long as short |
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
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB