Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against OKX−0.133%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$270.272% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 7 days+0.129%+$13 · spread now −0.133%, 7d avg +0.004%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.136% cheaper against OKX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SHIB-USDT-SWAP | 0.000006037 | 0.0100 | pay 0.0100% / 8h | 1h 29m | $8.7M | $31.5M | 50x |
| Short | MEXC SHIB_USDT | 0.000006029 | 0.0100 | get 0.0100% / 8h | 1h 29m | $30.7M | $16.0M | 300x |
OKX SHIB-USDT-SWAP
MEXC SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.133% → +0.004%
- −$13.61
- Slippage, 4 orders
- −$17.16
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$40.76
- Costs to cover
- 0.272%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; MEXC: live order book, 4 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 | 10.4 bp −$10 | 27.6 bp −$276 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.83 bp | 4.0 bp −$4 | 8.8 bp −$88 | 46.8 bp −$4,678 | 69.4 bp −$34.7K |
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 | 0.000006022 | −0.244% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006019 | −0.306% | $73K | $1.9M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006025 | −0.199% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006024 | −0.215% | $733 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0008% | 1h | 0.000006034 | −0.050% | $81K | $779K | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0076% | 8h | 0.000006030 | −0.116% | — | $2.1M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006028 | −0.149% | $152K | $289K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006025 | −0.206% | $35K | $175K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006025 | −0.199% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006035 | −0.033% | $29.6M | $92.8M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDT
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 | 0.000006037 | long leg | $8.7M | $31.5M | 50x | |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006026 | −0.182% | $6.9M | $5.5M | 75x | as long as short |
| MEXC SHIB_USDTshort | +0.0100% | 8h | 0.000006029 | −0.133% | $30.7M | $16.0M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006023 | −0.232% | $4.8M | $2.5M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006034 | −0.050% | $11.6M | $13.0M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006026 | −0.182% | $25K | $6K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006025 | −0.199% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006037 | 0.000% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006026 | −0.182% | $533 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006021 | −0.265% | $411K | $618K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006030 | −0.116% | $2.1M | $5.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0103% | 8h | 0.000006027 | −0.169% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006033 | −0.060% | $53K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0141% | 1h | 0.000006040 | +0.050% | $248 | $134K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.613% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006029 | −0.133% | $818K | $944K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006023 | −0.236% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0359% | 1h | 0.000006030 | −0.112% | $1.1M | $788K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0818% | 1h | 0.000006044 | +0.116% | $4.4M | $4.0M | 10x | as long as short |
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
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB