Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Binance+0.091%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$410.408% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.091%, 7d avg −0.035%
=Together, before fees−0.193%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.125% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance 1000SHIBUSDT | 0.000006139 | 0.0100 | pay 0.0100% / 8h | 3h 19m | $31.4M | $117.4M | 75x |
| Short | Lighter 1000SHIB | 0.000006145 | 0.0096 | get 0.0012% / 1h | 19m 55s | $162K | $624K | 10x |
Binance 1000SHIBUSDT
Lighter 1000SHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- −$0.84
- Price spread: +0.091% → −0.035%
- $12.53
- Slippage, 4 orders
- −$30.8
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$29.11
- Costs to cover
- 0.408%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; Lighter: live order book, 16 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 Binance live order book, 8 min ago | 0.81 bp | 9.4 bp −$9 | 17.7 bp −$177 | 68.0 bp −$6,800 | 190.1 bp −$95.1K |
| Sell Lighter live order book, 16 min ago | 2.41 bp | 12.7 bp −$13 | 60.4 bp −$604 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTX | −0.0168% | 1h | 0.000006128 | −0.186% | $126K | $1.5M | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | −0.0064% | 1h | 0.000006149 | +0.151% | $1.2M | $1.0M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006137 | −0.041% | $24K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006139 | −0.012% | $191K | $2.9M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006146 | +0.114% | $580 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −1.620% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000006134 | −0.088% | — | $1.6M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0075% | 1h | 0.000006151 | +0.188% | $51K | $61K | 25x | as long as short |
| Lighter 1000SHIBshort | +0.0096% | 1h | 0.000006145 | +0.091% | $162K | $624K | 10x | |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000006149 | +0.156% | $3.7M | $5.2M | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kraken Futures PF_SHIBUSD
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Deribit 1000SHIB_USDC-PERPETUAL
Hyperliquid kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006139 | −0.011% | $43K | $331K | 50x | as long as short |
| Binance 1000SHIBUSDTlong | +0.0100% | 8h | 0.000006139 | long leg | $31.4M | $117.4M | 75x | |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006132 | −0.121% | $9.9M | $41.3M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006137 | −0.040% | $7.3M | $6.9M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006138 | −0.023% | $30.2M | $18.9M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006137 | −0.040% | $4.8M | $3.0M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006141 | +0.026% | $11.8M | $16.2M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006144 | +0.074% | $24K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006150 | +0.172% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006157 | +0.286% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006149 | +0.156% | $501 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006148 | +0.140% | $422K | $578K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006150 | +0.172% | $2.1M | $7.2M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000006147 | +0.131% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006136 | −0.059% | $54K | $4K | 25x | as long as short |
| Pacifica kSHIB | +0.0188% | 1h | 0.000006136 | −0.056% | $12K | $5K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −2.271% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006127 | −0.202% | $945K | $916K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006142 | +0.034% | $1 | — | 20x | as long as short |
Aster 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC 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
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP