Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: OKX against Lighter−0.017%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$430.427% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.017%, 7d avg −0.023%
=Together, before fees+0.093%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000SHIB | 0.000006019 | 0.0096 | pay 0.0012% / 1h | 1m 48s | $158K | $629K | 10x |
| Short | OKX SHIB-USDT-SWAP | 0.000006018 | 0.0100 | get 0.0100% / 8h | 3h 01m | $9.6M | $41.2M | 50x |
Lighter 1000SHIB
OKX SHIB-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0.84
- Price spread: −0.017% → −0.023%
- $0.61
- Slippage, 4 orders
- −$32.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$41.23
- Costs to cover
- 0.427%
- Break-even
- 350.6 days
Slippage from Lighter: live order book, 34 min ago; OKX: live order book, 2 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, 34 min ago | 2.41 bp | 11.3 bp −$11 | 60.8 bp −$608 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.83 bp | 9.2 bp −$9 | 23.5 bp −$235 | 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 | 0.000006051 | +0.532% | $118K | $1.6M | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | −0.0065% | 1h | 0.000006016 | −0.042% | $1.1M | $1.0M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006021 | +0.030% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006034 | +0.251% | $134K | $3.1M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006024 | +0.083% | $47K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006025 | +0.095% | $569 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.349% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0070% | 8h | 0.000006018 | −0.017% | — | $2.3M | — | as long as short |
| Lighter 1000SHIBlong | +0.0096% | 1h | 0.000006019 | long leg | $158K | $629K | 10x | |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000006028 | +0.150% | $3.6M | $5.3M | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kraken Futures PF_SHIBUSD
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Hyperliquid kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006020 | +0.022% | $42K | $336K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006021 | +0.041% | $30.4M | $120.9M | 75x | as long as short |
| OKX SHIB-USDT-SWAPshort | +0.0100% | 8h | 0.000006018 | −0.017% | $9.6M | $41.2M | 50x | |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006019 | 0.000% | $7.1M | $7.0M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006015 | −0.066% | $28.8M | $19.1M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006015 | −0.066% | $4.7M | $3.1M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006018 | −0.017% | $11.3M | $16.8M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006017 | −0.033% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006024 | +0.083% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006033 | +0.233% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006023 | +0.066% | $500 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006029 | +0.166% | $410K | $590K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006021 | +0.033% | $2.1M | $7.2M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000006023 | +0.067% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006018 | −0.022% | $53K | $4K | 25x | as long as short |
| Pacifica kSHIB | +0.0188% | 1h | 0.000006019 | 0.000% | $12K | $5K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.316% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006032 | +0.216% | $927K | $913K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006032 | +0.208% | $1 | — | 20x | as long as short |
Aster 1000SHIBUSDT
Binance 1000SHIBUSDT
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
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP