Funding you earn now, next payment 23:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.006%
Price spread now: BingX against SoDEX−0.099%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.099% cheaper against SoDEX than usual: you would sell low and buy high (−$10 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 | SoDEX 1000SHIB-USD | 0.000006039 | 0.0100 | pay 0.0013% / 1h | 31m 56s | $537 | $5K | 10x |
| Short | BingX 1000SHIB-USDC | 0.000006033 | 0.0080 | get 0.0080% / 8h | 1h 31m | — | $1.6M | — |
SoDEX 1000SHIB-USD
BingX 1000SHIB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against SoDEX. 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: −0.099% → 0.000%
- −$9.94
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$32.14
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; BingX: live order book, 15 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 15 min ago | 3.31 bp | 12.2 bp −$12 | 39.0 bp −$390 | 238.7 bp −$23.9K | 938.8 bp −$469.4K |
SoDEX: 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 | 0.000006040 | +0.020% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006040 | +0.020% | $84K | $1.9M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006037 | −0.033% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006040 | +0.017% | $734 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0008% | 1h | 0.000006057 | +0.298% | $81K | $782K | 50x | as long as short |
| BingX 1000SHIB-USDCshort | +0.0080% | 8h | 0.000006033 | −0.099% | — | $1.6M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006040 | +0.017% | $152K | $289K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006042 | +0.043% | $35K | $175K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006043 | +0.066% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006040 | +0.017% | $29.6M | $92.4M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
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-SWAP | +0.0100% | 8h | 0.000006038 | −0.017% | $8.8M | $31.4M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006034 | −0.083% | $6.9M | $5.5M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006040 | +0.017% | $30.7M | $15.9M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006038 | −0.017% | $4.9M | $2.5M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006037 | −0.033% | $11.5M | $12.8M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006040 | +0.017% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006049 | +0.166% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USDlong | +0.0100% | 1h | 0.000006039 | long leg | $537 | $5K | 10x | |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006038 | −0.017% | $412K | $618K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006042 | +0.050% | $2.1M | $5.6M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0103% | 8h | 0.000006047 | +0.137% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006034 | −0.087% | $54K | $4K | 25x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0119% | 1h | 0.000006039 | 0.000% | $25K | $6K | 15x | as long as short |
| Injective SHIB/USDC PERP | +0.0141% | 1h | 0.000005975 | −1.060% | $245 | $99K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.646% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006044 | +0.083% | $818K | $946K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006036 | −0.043% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0358% | 1h | 0.000006042 | +0.055% | $1.1M | $787K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0820% | 1h | 0.000006050 | +0.182% | $4.4M | $4.0M | 10x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Backpack kSHIB_USDC_PERP
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB