Funding you earn now, next payment 04:00 UTC−0.0104%/8h= −11.4% APRnext payment −$1.04 per $10,000 · paid last 24h −0.029%
Price spread now: Kalshi against Paradex−0.129%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.129% cheaper against Paradex than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex kSHIB-USD-PERP | 0.000006036 | 0.0104 | pay 0.0104% / 8h | 7h 53m | $7K | — | 20x |
| Short | Kalshi KXKSHIBPERP | 0.000006028 | 0 | get 0.0000% / 8h | 3h 53m | $94K | $2.0M | 2x |
Paradex kSHIB-USD-PERP
Kalshi KXKSHIBPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Paradex. 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
- −$21.79
- Price spread: −0.129% → 0.000%
- −$12.87
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$48.67
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Kalshi: live order book, 5 min ago. Net counts fees only.
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 Paradex no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 5 min ago | 9.11 bp | 14.8 bp −$15 | 21.2 bp −$212 | doesn't fit | doesn't fit |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.000006035 | −0.009% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERPshort | 0.0000% | 8h | 0.000006028 | −0.129% | $94K | $2.0M | 2x | |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006036 | +0.007% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006032 | −0.059% | $733 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.073% | $248 | $134K | 5.5x | as long as short |
| Gate SHIB_USDT | +0.0043% | 8h | 0.000006029 | −0.109% | $6.9M | $5.4M | 75x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0064% | 1h | 0.000006040 | +0.073% | $76K | $801K | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006031 | −0.076% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006036 | +0.007% | $182K | $352K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006032 | −0.052% | $35K | $178K | 50x | as long as short |
dYdX SHIB-USD
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Gate SHIB_USDT
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kSHIB | +0.0100% | 1h | 0.000006036 | +0.007% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006037 | +0.024% | $29.5M | $96.9M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006037 | +0.024% | $8.7M | $33.1M | 50x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006034 | −0.026% | $31.2M | $16.6M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006033 | −0.043% | $4.9M | $2.6M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006033 | −0.043% | $11.5M | $13.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006034 | −0.026% | $25K | $6K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006034 | −0.026% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006041 | +0.090% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006034 | −0.026% | $548 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006030 | −0.092% | $412K | $614K | 75x | as long as short |
| Paradex kSHIB-USD-PERPlong | +0.0104% | 8h | 0.000006036 | long leg | $7K | — | 20x | |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006030 | −0.089% | $54K | $4K | 25x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.589% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006027 | −0.142% | $797K | $939K | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0260% | 1h | 0.000006032 | −0.053% | $1.1M | $820K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006031 | −0.082% | $1 | — | 20x | as long as short |
| Phemex u1000SHIBUSDT | +0.0392% | 8h | 0.000006030 | −0.092% | $2.1M | $6.1M | 50x | as long as short |
| Hyperliquid kSHIB | +0.0647% | 1h | 0.000006045 | +0.156% | $4.4M | $4.0M | 10x | as long as short |
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Extended 1000SHIB-USD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Kraken Futures PF_SHIBUSD
Reya kSHIBRUSDPERP
Phemex u1000SHIBUSDT
Hyperliquid kSHIB