Funding you earn now, next payment 00:00 UTC−0.0020%/8hnext payment −$0.20 per $10,000 · paid last 24h −0.006%
Price spread now: BingX against Bitget−0.034%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$500.499% of the position
Funding, last 7 days−0.096%−$10 on $10k
+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 0.034% cheaper against Bitget than usual: you would sell low and buy high (−$3 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 | Bitget SHIBUSDT | 0.000005918 | 0.0100 | pay 0.0100% / 8h | 4h 06m | $11.4M | $12.1M | 75x |
| Short | BingX 1000SHIB-USDC | 0.000005916 | 0.0080 | get 0.0080% / 8h | 4h 06m | — | $1.6M | — |
Bitget SHIBUSDT
BingX 1000SHIB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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: −0.034% → 0.000%
- −$3.38
- Slippage, 4 orders
- −$27.9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$57.48
- Costs to cover
- 0.499%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; BingX: live order book, 18 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 Bitget live order book, 2 min ago | 2.53 bp | 12.3 bp −$12 | 20.6 bp −$206 | 64.8 bp −$6,482 | doesn't fit |
| Sell BingX live order book, 18 min ago | 1.69 bp | 13.0 bp −$13 | 43.1 bp −$431 | 306.8 bp −$30.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005922 | +0.063% | $86K | $1.5M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005919 | +0.010% | $720 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000005767 | −2.552% | $236 | $36K | 5.5x | as long as short |
| BingX 1000SHIB-USDCshort | +0.0080% | 8h | 0.000005916 | −0.034% | — | $1.6M | — | |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0088% | 1h | 0.000005920 | +0.034% | $42K | $64K | 25x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0088% | 1h | 0.000005887 | −0.524% | $92K | $843K | 50x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005916 | −0.034% | $151K | $289K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005919 | +0.025% | $35K | $160K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005918 | 0.000% | $11K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005918 | 0.000% | $29.0M | $85.0M | 75x | as long as short |
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Deribit 1000SHIB_USDC-PERPETUAL
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 | 0.000005912 | −0.101% | $7.7M | $27.0M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005913 | −0.084% | $6.7M | $5.4M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005913 | −0.084% | $32.8M | $14.9M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005916 | −0.034% | $4.8M | $2.4M | 75x | as long as short |
| Bitget SHIBUSDTlong | +0.0100% | 8h | 0.000005918 | long leg | $11.4M | $12.1M | 75x | |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005921 | +0.051% | $27K | $4K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005920 | +0.034% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005924 | +0.101% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005920 | +0.034% | $557 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005919 | +0.017% | $399K | $636K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005919 | +0.017% | $2.1M | $5.1M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0100% | 8h | 0.000005916 | −0.040% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005914 | −0.071% | $52K | $4K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0144% | 1h | 0.000005919 | +0.021% | $1.1M | $719K | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −15.512% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005916 | −0.034% | $724K | $1.1M | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005913 | −0.082% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0563% | 1h | 0.000005928 | +0.169% | $4.3M | $3.7M | 10x | as long as short |
| dYdX SHIB-USD | +0.6036% | 1h | 0.000005917 | −0.024% | $23K | $66K | 10x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
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
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
dYdX SHIB-USD