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 OKX−0.050%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 7 days−0.045%−$4 on $10k
+Price spread, last 7 days+0.034%+$3 · spread now −0.050%, 7d avg +0.040%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.090% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SHIB-USDT-SWAP | 0.000006097 | 0.0100 | pay 0.0100% / 8h | 7h 39m | $9.3M | $34.3M | 50x |
| Short | Binance 1000SHIBUSDT | 0.000006094 | 0.0100 | get 0.0100% / 8h | 7h 39m | $29.7M | $97.6M | 75x |
OKX SHIB-USDT-SWAP
Binance 1000SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against OKX. 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: −0.050% → +0.040%
- −$8.99
- Slippage, 4 orders
- −$14.29
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$43.29
- Costs to cover
- 0.343%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Binance: live order book, 3 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 OKX live order book, 4 min ago | 0.83 bp | 9.3 bp −$9 | 21.6 bp −$216 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.82 bp | 8.7 bp −$9 | 16.9 bp −$169 | 71.2 bp −$7,119 | 182.2 bp −$91.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006090 | −0.115% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006074 | −0.376% | $103K | $2.0M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006093 | −0.067% | $741 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −0.935% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0064% | 1h | 0.000006093 | −0.066% | $77K | $810K | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006091 | −0.098% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006100 | +0.049% | $219K | $437K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006096 | −0.011% | $37K | $180K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006096 | −0.016% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDTshort | +0.0100% | 8h | 0.000006094 | −0.050% | $29.7M | $97.6M | 75x |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAPlong | +0.0100% | 8h | 0.000006097 | long leg | $9.3M | $34.3M | 50x | |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006092 | −0.082% | $7.0M | $5.5M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006099 | +0.033% | $31.6M | $16.8M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006098 | +0.016% | $4.9M | $2.6M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006090 | −0.115% | $11.6M | $13.6M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006091 | −0.098% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006103 | +0.098% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006087 | −0.164% | $561 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006093 | −0.066% | $416K | $594K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006090 | −0.115% | $2.2M | $6.3M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006092 | −0.082% | $54K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0110% | 8h | 0.000006097 | 0.000% | $7K | — | 20x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0187% | 1h | 0.000006092 | −0.082% | $25K | $6K | 15x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.591% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006057 | −0.656% | $811K | $941K | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0258% | 1h | 0.000006091 | −0.104% | $1.2M | $820K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006093 | −0.073% | $1 | — | 20x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0407% | 1h | 0.000006093 | −0.066% | $47K | $65K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0658% | 1h | 0.000006104 | +0.115% | $4.4M | $4.0M | 10x | as long as short |
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
Backpack kSHIB_USDC_PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Kraken Futures PF_SHIBUSD
Reya kSHIBRUSDPERP
Deribit 1000SHIB_USDC-PERPETUAL
Hyperliquid kSHIB