Funding you earn now, next payment 06:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.037%
Price spread now: BloFin against Lighter−0.050%60s7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.391% of the position
Funding, last 7 days+0.376%+$38 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.050%, 7d avg −0.026%
=Together, before fees+0.435%+ Points / potential airdropLighter: Season 3 · farm board+$44 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.023% cheaper against Lighter than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.026%). If the spread goes back, that is −$2 on $10k: about 15 hours of funding at the current rate (+$4 a day). The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000SHIB | 0.000006008 | 0.0096 | pay 0.0012% / 1h | 16m 00s | $157K | $636K | 10x |
| Short | BloFin SHIB-USDT | 0.000006005 | 0.0220 | get 0.0220% / 8h | 2h 16m | $896K | $925K | 50x |
Lighter 1000SHIB
BloFin SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $26.04
- Price spread: −0.050% → −0.026%
- −$2.34
- Slippage, 4 orders
- −$27.08
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$15.39
- Costs to cover
- 0.391%
- Break-even
- 11.1 days
Slippage from Lighter: live order book, 15 min ago; BloFin: live order book, 11 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, 15 min ago | 3.35 bp | 8.2 bp −$8 | 65.7 bp −$657 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 11 min ago | 0.84 bp | 10.3 bp −$10 | 20.6 bp −$206 | 69.2 bp −$6,919 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SHIBUSD | −0.0593% | 1h | 0.000006005 | −0.045% | $1.1M | $1.0M | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0128% | 1h | 0.000005947 | −1.015% | $116K | $1.6M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006004 | −0.067% | $23K | $56K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006006 | −0.038% | $109K | $3.2M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006007 | −0.023% | $567 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.533% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0063% | 8h | 0.000006006 | −0.033% | — | $2.3M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0083% | 1h | 0.000006006 | −0.033% | $47K | $65K | 25x | as long as short |
| Lighter 1000SHIBlong | +0.0096% | 1h | 0.000006008 | long leg | $157K | $636K | 10x | |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006009 | +0.010% | $41K | $336K | 50x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Aster 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kSHIB | +0.0100% | 1h | 0.000006004 | −0.067% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006010 | +0.033% | $30.3M | $124.3M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006000 | −0.133% | $9.2M | $42.6M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006004 | −0.067% | $7.0M | $7.3M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006006 | −0.033% | $28.3M | $19.3M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006006 | −0.033% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006006 | −0.033% | $11.3M | $17.1M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006007 | −0.017% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006006 | −0.033% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006017 | +0.150% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006005 | −0.050% | $514 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006011 | +0.050% | $410K | $572K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006000 | −0.133% | $2.1M | $7.5M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006008 | +0.007% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006002 | −0.097% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0184% | 1h | 0.000006012 | +0.067% | $3.6M | $5.3M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.133% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTshort | +0.0220% | 8h | 0.000006005 | −0.050% | $896K | $925K | 50x | |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006007 | −0.016% | $1 | — | 20x | as long as short |
Pacifica kSHIB
Binance 1000SHIBUSDT
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
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
Reya kSHIBRUSDPERP