Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.30 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against BingX−0.027%7-day average +0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$470.469% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 7 days+0.040%+$4 · spread now −0.027%, 7d avg +0.070%
=Funding pays, the price is against you. Binance is 0.097% cheaper against BingX than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.070%). If the spread goes back, that is −$10 on $10k: about 11 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000SHIB-USDC | 0.000005961 | 0.0070 | pay 0.0070% / 8h | 2h 33m | — | $1.6M | — |
| Short | Binance 1000SHIBUSDT | 0.000005959 | 0.0100 | get 0.0100% / 8h | 2h 33m | $30.0M | $123.1M | 75x |
BingX 1000SHIB-USDC
Binance 1000SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- $6.3
- Price spread: −0.027% → +0.070%
- −$9.69
- Slippage, 4 orders
- −$26.92
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$50.31
- Costs to cover
- 0.469%
- Break-even
- 62.9 days
Slippage from BingX: live order book, 8 min ago; Binance: live order book, 9 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 BingX live order book, 8 min ago | 2.51 bp | 10.4 bp −$10 | 31.3 bp −$313 | 229.0 bp −$22.9K | 988.2 bp −$494.1K |
| Sell Binance live order book, 9 min ago | 0.84 bp | 7.7 bp −$8 | 16.1 bp −$161 | 56.7 bp −$5,672 | 152.3 bp −$76.1K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SHIBUSD | −0.0597% | 1h | 0.000005970 | +0.158% | $1.1M | $1.1M | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0128% | 1h | 0.000005960 | −0.017% | $117K | $1.5M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005979 | +0.303% | $23K | $56K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005980 | +0.322% | $110K | $3.2M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005969 | +0.134% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005970 | +0.148% | $564 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.325% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDClong | +0.0070% | 8h | 0.000005961 | long leg | — | $1.6M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005971 | +0.168% | $157K | $632K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005965 | +0.059% | $41K | $336K | 50x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
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 | 0.000005980 | +0.319% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDTshort | +0.0100% | 8h | 0.000005959 | −0.027% | $30.0M | $123.1M | 75x | |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005959 | −0.034% | $9.4M | $41.6M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005964 | +0.050% | $7.0M | $7.3M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005969 | +0.134% | $28.4M | $19.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005969 | +0.134% | $4.7M | $3.1M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005959 | −0.034% | $11.2M | $17.1M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005963 | +0.034% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005970 | +0.151% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005982 | +0.352% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005972 | +0.185% | $498 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005971 | +0.168% | $408K | $590K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005970 | +0.151% | $2.0M | $7.4M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000005980 | +0.327% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005957 | −0.064% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0165% | 1h | 0.000005973 | +0.201% | $3.6M | $5.3M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.121% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006000 | +0.654% | $903K | $920K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005971 | +0.161% | $1 | — | 20x | as long as short |
Pacifica kSHIB
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
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP