Settings8H · net · $10k
Funding arb · Price arb /

SHIB

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Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against SoDEX−0.033%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.033% cheaper against SoDEX than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX 1000SHIB-USD0.0000059950.0100pay 0.0013% / 1h22m 06s$512$5K10x
ShortKuCoin SHIBUSDTM0.0000059930.0100get 0.0100% / 8h7h 22m$4.6M$3.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against SoDEX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.033% → 0.000%
−$3.34
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$23.34
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; KuCoin: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell KuCoin live order book, 6 min ago2.53 bp20.3 bp −$2064.4 bp −$644doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International 1000SHIB-PERP-INTX−0.0024%1h0.000005985−0.167%$130K$1.7M50xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005982−0.212%$155K$3.3M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000005993−0.027%$566150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.751%$248$134K5.5xas long as short
BingX 1000SHIB-USDC+0.0070%8h0.000005997+0.033%$1.6Mas long as short
Gate SHIB_USDT+0.0080%8h0.000005994−0.017%$7.1M$7.0M75xas long as short
Lighter 1000SHIB+0.0096%1h0.000005998+0.050%$156K$643K10xas long as short
Kraken Futures PF_SHIBUSD+0.0099%1h0.000005994−0.022%$1.2M$1.0M50xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005991−0.059%$41K$298K50xas long as short
Pacifica kSHIB+0.0100%1h0.000005993−0.033%$12K$6K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000SHIBUSDT+0.0100%8h0.000005998+0.050%$30.6M$128.3M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000005998+0.050%$8.9M$45.2M50xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005996+0.017%$28.3M$20.2M300xas long as short
KuCoin SHIBUSDTMshort+0.0100%8h0.000005993−0.033%$4.6M$3.2M75x
Bitget SHIBUSDT+0.0100%8h0.000005997+0.033%$11.4M$17.3M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006000+0.083%$23K$9K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.0000059950.000%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006003+0.133%$2K$26K20xas long as short
SoDEX 1000SHIB-USDlong+0.0100%1h0.000005995long leg$512$5K10x
HTX SHIB-USDT+0.0100%8h0.000005992−0.050%$413K$569K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006000+0.083%$2.1M$7.7M50xas long as short
Paradex kSHIB-USD-PERP+0.0101%8h0.000005996+0.023%$7K$1320xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000005991−0.063%$53K$4K25xas long as short
Hyperliquid kSHIB+0.0112%1h0.000006005+0.167%$3.6M$5.5M10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000005000−16.597%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000005974−0.350%$853K$930K50xas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0250%1h0.000005998+0.050%$53K$55K25xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005991−0.069%$120xas long as short
dYdX SHIB-USD+0.9418%1h0.000005989−0.101%$31K$87K10xas long as short