Funding arb · Price arb /

SHIB

all SHIB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC−0.012%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 7 days−0.020%−$2 · spread now −0.012%, 7d avg +0.037%

Together, before fees−0.065%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.049% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SHIB_USDT	0.000005964	0.0100	pay 0.0100% / 8h	7h 59m	$28.6M	$20.3M	300x
Short	Binance 1000SHIBUSDT	0.000005963	0.0100	get 0.0100% / 8h	7h 59m	$30.3M	$128.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee BinancebpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → +0.037%: −$4.94
Slippage, 4 orders: −$18.36
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.3
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Binance: live order book, 13 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 MEXC live order book, 4 min ago	0.84 bp	5.5 bp −$6	9.4 bp −$94	51.6 bp −$5,156	73.4 bp −$36.7K
Sell Binance live order book, 13 min ago	0.84 bp	9.5 bp −$10	15.9 bp −$159	58.0 bp −$5,800	160.9 bp −$80.4K

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	−0.0016%	1h	0.000005944	−0.335%	$128K	$1.6M	50x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000005962	−0.027%	$126K	$3.2M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000005960	−0.072%	$563	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+1.274%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDC	+0.0070%	8h	0.000005963	−0.017%	—	$1.7M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000005968	+0.067%	$155K	$644K	10x	as long as short
Hyperliquid kSHIB	+0.0100%	1h	0.000005970	+0.101%	$3.6M	$5.5M	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000005967	+0.054%	$41K	$301K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000005963	−0.017%	$12K	$6K	10x	as long as short
Binance 1000SHIBUSDTshort	+0.0100%	8h	0.000005963	−0.012%	$30.3M	$128.7M	75x

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000005960	−0.067%	$8.7M	$44.5M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000005960	−0.067%	$7.0M	$7.4M	75x	as long as short
MEXC SHIB_USDTlong	+0.0100%	8h	0.000005964	long leg	$28.6M	$20.3M	300x
KuCoin SHIBUSDTM	+0.0100%	8h	0.000005964	0.000%	$4.7M	$3.2M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000005963	−0.017%	$11.3M	$17.3M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000005966	+0.034%	$23K	$8K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000005964	0.000%	$6K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000005970	+0.101%	$2K	$27K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000005963	−0.017%	$508	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000005968	+0.067%	$408K	$592K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000005970	+0.101%	$2.1M	$7.7M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0102%	8h	0.000005967	+0.049%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000005959	−0.078%	$53K	$4K	25x	as long as short
Kraken Futures PF_SHIBUSD	+0.0201%	1h	0.000005962	−0.036%	$1.2M	$1.0M	50x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0212% / S −0.2404%	1h	0.000005000	−16.164%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000005956	−0.134%	$830K	$929K	50x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0253%	1h	0.000005966	+0.034%	$50K	$59K	25x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000005955	−0.148%	$1	—	20x	as long as short
dYdX SHIB-USD	+0.6003%	1h	0.000005960	−0.067%	$35K	$70K	10x	as long as short