Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h +0.006%
Price spread now: KuCoin against BingX−0.099%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$690.690% of the position
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 7 days+0.154%+$15 · spread now −0.099%, 7d avg +0.031%
=Funding pays, the price is against you. KuCoin is 0.130% cheaper against BingX than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.031%). If the spread goes back, that is −$13 on $10k: about 22 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.129% in total) that is about 7.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000SHIB-USDC | 0.000006037 | 0.0080 | pay 0.0080% / 8h | 4h 13m | — | $1.6M | — |
| Short | KuCoin SHIBUSDTM | 0.000006031 | 0.0100 | get 0.0100% / 8h | 4h 13m | $4.7M | $2.7M | 75x |
BingX 1000SHIB-USDC
KuCoin SHIBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $4.2
- Price spread: −0.099% → +0.031%
- −$13.03
- Slippage, 4 orders
- −$46.99
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$77.82
- Costs to cover
- 0.690%
- Break-even
- 136.7 days
Slippage from BingX: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago | 2.49 bp | 16.6 bp −$17 | 41.1 bp −$411 | 226.5 bp −$22.7K | 906.3 bp −$453.2K |
| Sell KuCoin live order book, 4 min ago | 1.66 bp | 17.0 bp −$17 | 52.9 bp −$529 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SHIBUSD | −0.0349% | 1h | 0.000006026 | −0.185% | $1.1M | $937K | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0088% | 1h | 0.000006016 | −0.348% | $125K | $1.1M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006029 | −0.134% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006019 | −0.297% | $190K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006016 | −0.345% | $568 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.050% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDClong | +0.0080% | 8h | 0.000006037 | long leg | — | $1.6M | — | |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0082% | 1h | 0.000006026 | −0.182% | $46K | $58K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006034 | −0.050% | $160K | $608K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006022 | −0.241% | $40K | $321K | 50x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Deribit 1000SHIB_USDC-PERPETUAL
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 | 0.000006034 | −0.050% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006035 | −0.033% | $29.8M | $105.1M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006038 | +0.017% | $9.5M | $37.0M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006033 | −0.066% | $7.0M | $5.9M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006031 | −0.099% | $30.1M | $17.8M | 300x | as long as short |
| KuCoin SHIBUSDTMshort | +0.0100% | 8h | 0.000006031 | −0.099% | $4.7M | $2.7M | 75x | |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006035 | −0.033% | $11.6M | $14.6M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006025 | −0.199% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006025 | −0.199% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006027 | −0.166% | $482 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006017 | −0.331% | $411K | $555K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006026 | −0.182% | $2.1M | $6.9M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006035 | −0.032% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0117% | 8h | 0.000006041 | +0.059% | $7K | $13 | 20x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0121% | 1h | 0.000006026 | −0.182% | $23K | $7K | 15x | as long as short |
| Hyperliquid kSHIB | +0.0126% | 1h | 0.000006038 | +0.017% | $3.6M | $4.8M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.613% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006027 | −0.166% | $887K | $893K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006016 | −0.343% | $1 | — | 20x | as long as short |
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Backpack kSHIB_USDC_PERP
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP