Funding you earn now, next payment 22:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.019%
Price spread now: BingX against Lighter+0.051%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$390.390% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.051%, 7d avg +0.002%
=Together, before fees+0.007%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.048% dearer against Lighter than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.002%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000SHIB | 0.000005933 | 0.0096 | pay 0.0012% / 1h | 32m 11s | $151K | $285K | 10x |
| Short | BingX 1000SHIB-USDT | 0.000005936 | 0.0011 | get 0.0011% / 8h | 2h 32m | — | $2.1M | — |
Lighter 1000SHIB
BingX 1000SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter. 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
- −$17.85
- Price spread: +0.051% → +0.002%
- $4.84
- Slippage, 4 orders
- −$29.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$52.03
- Costs to cover
- 0.390%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 50 min ago; BingX: live order book, 6 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 Lighter live order book, 50 min ago | 2.52 bp | 5.8 bp −$6 | 65.4 bp −$654 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 2.53 bp | 8.4 bp −$8 | 15.9 bp −$159 | 64.7 bp −$6,475 | 127.5 bp −$63.7K |
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 | 0.000005933 | +0.005% | $48K | $1.6M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005932 | −0.017% | $42K | $61K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005932 | −0.012% | $721 | — | 150x | as long as short |
| BingX 1000SHIB-USDTshort | +0.0011% | 8h | 0.000005936 | +0.051% | — | $2.1M | — | |
| Coinbase International 1000SHIB-PERP-INTX | +0.0016% | 1h | 0.000005933 | 0.000% | $89K | $752K | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0056% | 1h | 0.000005931 | −0.031% | $1.1M | $763K | 50x | as long as short |
| Lighter 1000SHIBlong | +0.0096% | 1h | 0.000005933 | long leg | $151K | $285K | 10x | |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005941 | +0.130% | $35K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005938 | +0.084% | $11K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005932 | −0.016% | $28.8M | $88.1M | 75x | as long as short |
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
Kraken Futures PF_SHIBUSD
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 | 0.000005930 | −0.051% | $7.5M | $27.7M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005933 | 0.000% | $6.7M | $5.4M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005930 | −0.051% | $31.7M | $15.6M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005931 | −0.034% | $4.9M | $2.3M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005930 | −0.051% | $11.6M | $12.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005928 | −0.084% | $25K | $5K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005932 | −0.017% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005942 | +0.152% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005930 | −0.051% | $543 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005928 | −0.084% | $399K | $620K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005934 | +0.017% | $2.1M | $5.4M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0100% | 8h | 0.000005939 | +0.100% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005927 | −0.104% | $52K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0187% | 1h | 0.000005964 | +0.523% | $245 | $67K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −15.726% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005928 | −0.084% | $704K | $982K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005932 | −0.021% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0638% | 1h | 0.000005945 | +0.202% | $4.3M | $3.7M | 10x | as long as short |
| dYdX SHIB-USD | +0.9611% | 1h | 0.000005934 | +0.017% | $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]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
dYdX SHIB-USD