Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.020%
Price spread now: BingX against OKX−0.147%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$350.355% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 7 days+0.141%+$14 · spread now −0.147%, 7d avg +0.008%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.155% cheaper against OKX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SHIB-USDT-SWAP | 0.000006120 | 0.0100 | pay 0.0100% / 8h | 54m 19s | $8.8M | $32.6M | 50x |
| Short | BingX 1000SHIB-USDT | 0.000006111 | 0.0080 | get 0.0080% / 8h | 54m 19s | — | $2.1M | — |
OKX SHIB-USDT-SWAP
BingX 1000SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$4.2
- Price spread: −0.147% → +0.008%
- −$15.54
- Slippage, 4 orders
- −$15.45
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$55.19
- Costs to cover
- 0.355%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; BingX: 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 | 0.82 bp | 7.1 bp −$7 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 1.64 bp | 8.6 bp −$9 | 14.6 bp −$146 | 53.3 bp −$5,328 | 130.9 bp −$65.5K |
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 | 0.000006111 | −0.145% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006106 | −0.234% | $73K | $1.9M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006115 | −0.083% | $744 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0032% | 1h | 0.000006108 | −0.196% | $81K | $791K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0077% | 1h | 0.000006110 | −0.163% | $47K | $65K | 25x | as long as short |
| BingX 1000SHIB-USDTshort | +0.0080% | 8h | 0.000006111 | −0.147% | — | $2.1M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006113 | −0.114% | $154K | $290K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006111 | −0.140% | $36K | $175K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006112 | −0.131% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006114 | −0.097% | $30.1M | $94.3M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAPlong | +0.0100% | 8h | 0.000006120 | long leg | $8.8M | $32.6M | 50x | |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006112 | −0.131% | $7.0M | $5.5M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006111 | −0.147% | $30.7M | $16.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006111 | −0.147% | $5.0M | $2.5M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006112 | −0.131% | $11.6M | $13.2M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006118 | −0.033% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006121 | +0.016% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006109 | −0.180% | $543 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006109 | −0.180% | $417K | $613K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006110 | −0.163% | $2.1M | $5.9M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006109 | −0.173% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006112 | −0.129% | $54K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0161% | 1h | 0.000006040 | −1.307% | $248 | $134K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.961% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006110 | −0.163% | $819K | $955K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006113 | −0.107% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0377% | 1h | 0.000006111 | −0.141% | $1.2M | $802K | 50x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0413% | 1h | 0.000006114 | −0.098% | $25K | $6K | 15x | as long as short |
| Hyperliquid kSHIB | +0.0745% | 1h | 0.000006122 | +0.033% | $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
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Backpack kSHIB_USDC_PERP
Hyperliquid kSHIB