Funding you earn now, next payment 05:00 UTC−0.0159%/8h= −17.4% APRnext payment −$0.20 per $10,000 · paid last 24h −0.024%
Price spread now: Kraken Futures against Lighter+0.118%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$600.601% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.118%, 7d avg −0.003%
=Together, before fees−0.091%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.121% dearer against Lighter than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of −0.003%): +$12 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000SHIB | 0.000006186 | 0.0096 | pay 0.0012% / 1h | 29m 36s | $163K | $622K | 10x |
| Short | Kraken Futures PF_SHIBUSD | 0.000006193 | −0.0063 | pay 0.0008% / 1h | 29m 36s | $1.2M | $1.0M | 50x |
Lighter 1000SHIB
Kraken Futures PF_SHIBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$33.45
- Price spread: +0.118% → −0.003%
- $12.14
- Slippage, 4 orders
- −$50.07
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$81.37
- Costs to cover
- 0.601%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Kraken Futures: 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 Lighter live order book, 6 min ago | 2.41 bp | 11.3 bp −$11 | 60.8 bp −$608 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 4.02 bp | 22.5 bp −$22 | 35.2 bp −$352 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTX | −0.0168% | 1h | 0.000006194 | +0.129% | $121K | $1.4M | 50x | as long as short |
| Kraken Futures PF_SHIBUSDshort | −0.0063% | 1h | 0.000006193 | +0.118% | $1.2M | $1.0M | 50x | |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006181 | −0.085% | $24K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006195 | +0.149% | $171K | $2.9M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006196 | +0.163% | $585 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −2.360% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0070% | 8h | 0.000006174 | −0.194% | — | $2.2M | — | as long as short |
| Lighter 1000SHIBlong | +0.0096% | 1h | 0.000006186 | long leg | $163K | $622K | 10x | |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000006192 | +0.097% | $3.7M | $5.1M | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006182 | −0.064% | $43K | $328K | 50x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Hyperliquid kSHIB
Aster 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006183 | −0.053% | $31.9M | $116.1M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006182 | −0.065% | $10.0M | $41.2M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006179 | −0.113% | $7.4M | $6.7M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006185 | −0.016% | $30.9M | $18.8M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006185 | −0.016% | $4.8M | $3.0M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006187 | +0.016% | $11.9M | $16.1M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006194 | +0.129% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006208 | +0.356% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006196 | +0.162% | $510 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006191 | +0.081% | $427K | $572K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006200 | +0.226% | $2.1M | $7.1M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006174 | −0.194% | $55K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0116% | 8h | 0.000006213 | +0.440% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0188% | 1h | 0.000006185 | −0.016% | $12K | $5K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0214% / S −0.2404% | 1h | 0.000006000 | −3.007% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006203 | +0.275% | $953K | $923K | 50x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0228% | 1h | 0.000006195 | +0.145% | $24K | $7K | 15x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0234% | 1h | 0.000006199 | +0.210% | $51K | $61K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006182 | −0.071% | $1 | — | 20x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Backpack kSHIB_USDC_PERP
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP