Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against MEXC+0.033%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Funding, last 7 days+0.240%+$24 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.033%, 7d avg −0.016%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.049% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SHIB_USDT | 0.000005980 | 0.0100 | pay 0.0100% / 8h | 5h 29m | $27.5M | $19.1M | 300x |
| Short | BloFin SHIB-USDT | 0.000005982 | 0.0220 | get 0.0220% / 8h | 5h 29m | $915K | $882K | 50x |
MEXC SHIB_USDT
BloFin SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- $25.2
- Price spread: +0.033% → −0.016%
- $4.94
- Slippage, 4 orders
- −$19.83
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1.69
- Costs to cover
- 0.318%
- Break-even
- 7.5 days
Slippage from MEXC: live order book, 3 min ago; BloFin: live order book, 16 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, 3 min ago | 0.84 bp | 5.6 bp −$6 | 9.2 bp −$92 | 47.2 bp −$4,722 | 79.5 bp −$39.8K |
| Sell BloFin live order book, 16 min ago | 1.67 bp | 8.4 bp −$8 | 16.7 bp −$167 | 83.8 bp −$8,380 | doesn't fit |
SHIB on 29 exchanges
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 | −0.0056% | 1h | 0.000006068 | +1.472% | $131K | $1.7M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005976 | −0.067% | $78K | $3.5M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005972 | −0.140% | $564 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.003% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000005979 | −0.017% | — | $1.7M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0084% | 1h | 0.000005985 | +0.084% | $48K | $50K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005987 | +0.117% | $156K | $616K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005983 | +0.048% | $40K | $271K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005983 | +0.050% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005983 | +0.050% | $31.0M | $128.7M | 75x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005982 | +0.033% | $9.5M | $45.7M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005981 | +0.017% | $7.0M | $6.8M | 75x | as long as short |
| MEXC SHIB_USDTlong | +0.0100% | 8h | 0.000005980 | long leg | $27.5M | $19.1M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005981 | +0.017% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005981 | +0.017% | $11.3M | $17.4M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005984 | +0.067% | $23K | $9K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005984 | +0.067% | $6K | $2K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005994 | +0.234% | $2K | $25K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005984 | +0.067% | $507 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005982 | +0.033% | $410K | $482K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005983 | +0.050% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000005986 | +0.104% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005981 | +0.022% | $53K | $4K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0204% | 1h | 0.000005981 | +0.024% | $1.1M | $1.0M | 50x | as long as short |
| Hyperliquid kSHIB | +0.0207% | 1h | 0.000005991 | +0.184% | $3.6M | $5.2M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000005000 | −16.388% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTshort | +0.0220% | 8h | 0.000005982 | +0.033% | $915K | $882K | 50x | |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005979 | −0.020% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.8252% | 1h | 0.000005982 | +0.026% | $31K | $65K | 10x | as long as short |
OKX SHIB-USDT-SWAP
Gate 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
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
Reya kSHIBRUSDPERP
dYdX SHIB-USD