Funding you earn now, next payment 12:00 UTC+0.0109%/8h= +11.9% APRpaid last 24h −0.011%
Price spread now: Kraken Futures against OKX+0.107%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$550.550% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.107%, 7d avg +0.007%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.100% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.099%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SHIB-USDT-SWAP | 0.000005955 | 0.0100 | pay 0.0100% / 8h | 4h 09m | $8.6M | $48.5M | 50x |
| Short | Kraken Futures PF_SHIBUSD | 0.000005961 | 0.0209 | get 0.0026% / 1h | 9m 15s | $1.2M | $1.0M | 50x |
OKX SHIB-USDT-SWAP
Kraken Futures PF_SHIBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $22.91
- Price spread: +0.107% → +0.007%
- $10.05
- Slippage, 4 orders
- −$34.97
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$22.01
- Costs to cover
- 0.550%
- Break-even
- 13.7 days
Slippage from OKX: live order book, 3 min ago; Kraken Futures: live order book, 2 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, 3 min ago | 0.84 bp | 8.7 bp −$9 | 17.1 bp −$171 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 2.52 bp | 16.9 bp −$17 | 22.1 bp −$221 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005962 | +0.124% | $145K | $4.0M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005960 | +0.076% | $563 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0016% | 1h | 0.000005955 | 0.000% | $143K | $1.8M | 50x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.427% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0064% | 8h | 0.000005956 | +0.017% | — | $2.2M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0086% | 1h | 0.000005961 | +0.101% | $51K | $50K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005963 | +0.134% | $171K | $625K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005960 | +0.090% | $42K | $285K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005964 | +0.151% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005962 | +0.115% | $31.0M | $132.5M | 75x | as long as short |
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
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-SWAPlong | +0.0100% | 8h | 0.000005955 | long leg | $8.6M | $48.5M | 50x | |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005955 | 0.000% | $7.0M | $6.9M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005957 | +0.034% | $27.1M | $19.3M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005958 | +0.050% | $4.8M | $3.3M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005958 | +0.050% | $11.5M | $18.1M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005960 | +0.084% | $6K | $2K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005972 | +0.285% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005954 | −0.017% | $513 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005961 | +0.101% | $405K | $489K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005960 | +0.084% | $2.1M | $7.9M | 50x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000005965 | +0.168% | $3.6M | $5.2M | 10x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000005966 | +0.177% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005955 | +0.007% | $53K | $396 | 25x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0132% | 1h | 0.000005961 | +0.101% | $23K | $8K | 15x | as long as short |
| Kraken Futures PF_SHIBUSDshort | +0.0209% | 1h | 0.000005961 | +0.107% | $1.2M | $1.0M | 50x | |
| GMX SHIB/USD [ETH-USDC] | L +0.0211% / S −0.2404% | 1h | 0.000005000 | −16.037% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005956 | +0.017% | $829K | $891K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005956 | +0.019% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.6758% | 1h | 0.000005961 | +0.107% | $31K | $52K | 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
Hyperliquid kSHIB
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Backpack kSHIB_USDC_PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
dYdX SHIB-USD