Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against MEXC+0.033%50s7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as 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−$400.399% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.033%, 7d avg +0.043%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SHIB_USDT | 0.000005989 | 0.0100 | pay 0.0100% / 8h | 7h 48m | $28.7M | $20.0M | 300x |
| Short | Phemex u1000SHIBUSDT | 0.000005991 | 0.0100 | get 0.0100% / 8h | 7h 48m | $2.1M | $7.7M | 50x |
MEXC SHIB_USDT
Phemex u1000SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.033% → +0.043%
- −$0.96
- Slippage, 4 orders
- −$27.88
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$40.84
- Costs to cover
- 0.399%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Phemex: live order book, 5 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, 5 min ago | 0.84 bp | 4.1 bp −$4 | 8.1 bp −$81 | 45.0 bp −$4,501 | 71.2 bp −$35.6K |
| Sell Phemex live order book, 5 min ago | 3.34 bp | 19.8 bp −$20 | 45.3 bp −$453 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX 1000SHIB-USDT | −0.0090% | 8h | 0.000005991 | +0.033% | — | $2.3M | — | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0024% | 1h | 0.000005980 | −0.150% | $129K | $1.7M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005988 | −0.015% | $144K | $3.2M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005991 | +0.030% | $566 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.852% | $248 | $134K | 5.5x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005991 | +0.033% | $156K | $641K | 10x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0100% | 1h | 0.000005987 | −0.031% | $1.2M | $1.0M | 50x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000005999 | +0.167% | $3.6M | $5.5M | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005994 | +0.088% | $41K | $299K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005988 | −0.017% | $12K | $6K | 10x | as long as short |
BingX 1000SHIB-USDT
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Lighter 1000SHIB
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB
Aster 1000SHIBUSDT
Pacifica kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005996 | +0.117% | $30.5M | $128.4M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005989 | 0.000% | $8.9M | $45.1M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005987 | −0.033% | $7.1M | $6.9M | 75x | as long as short |
| MEXC SHIB_USDTlong | +0.0100% | 8h | 0.000005989 | long leg | $28.7M | $20.0M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005986 | −0.050% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005993 | +0.067% | $11.4M | $17.3M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005990 | +0.017% | $23K | $8K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005993 | +0.067% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005997 | +0.134% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005991 | +0.033% | $506 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005988 | −0.017% | $413K | $591K | 75x | as long as short |
| Phemex u1000SHIBUSDTshort | +0.0100% | 8h | 0.000005991 | +0.033% | $2.1M | $7.7M | 50x | |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000005989 | −0.005% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005987 | −0.033% | $53K | $4K | 25x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000005000 | −16.514% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005985 | −0.067% | $827K | $932K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0251% | 1h | 0.000005994 | +0.083% | $50K | $59K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005989 | −0.003% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.8307% | 1h | 0.000005986 | −0.051% | $23K | $82K | 10x | as long as short |
Binance 1000SHIBUSDT
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
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP
dYdX SHIB-USD