SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%

Price spread now: BloFin against Bitget−0.100%65s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.418% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.284%+$28 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now −0.100%, 7d avg −0.014%

Together, before fees+0.370%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.086% cheaper against Bitget than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of −0.014%). If the spread goes back, that is −$9 on $10k: about 2.4 days of funding at the current rate (+$4 a day). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SHIBUSDT	0.000006019	0.0100	pay 0.0100% / 8h	22m 15s	$11.5M	$13.4M	75x
Short	BloFin SHIB-USDT	0.000006013	0.0220	get 0.0220% / 8h	22m 15s	$819K	$939K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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

Position, each leg$Hold fordaysFee BitgetbpFee BloFinbpOrdersPrice spread, now −0.100%Rate

Funding earned: $25.2
Price spread: −0.100% → −0.014%: −$8.6
Slippage, 4 orders: −$17.83
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$25.23
Costs to cover: 0.418%
Break-even: 14.0 days

Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 5 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, 1 min ago	0.83 bp	9.9 bp −$10	16.7 bp −$167	57.6 bp −$5,765	doesn't fit
Sell BloFin live order book, 5 min ago	1.66 bp	12.0 bp −$12	21.2 bp −$212	81.8 bp −$8,178	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
dYdX SHIB-USD	0.0000%	1h	0.000006012	−0.113%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006017	−0.028%	$77K	$1.9M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006019	0.000%	$46K	$65K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006019	+0.003%	$732	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0032%	1h	0.000006002	−0.282%	$76K	$795K	50x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	0.000006017	−0.033%	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006018	−0.017%	$152K	$292K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006014	−0.089%	$35K	$175K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006015	−0.066%	$12K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006019	−0.008%	$29.6M	$95.7M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006017	−0.033%	$8.6M	$32.7M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006014	−0.083%	$6.9M	$5.6M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006017	−0.033%	$31.2M	$16.7M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006018	−0.017%	$4.9M	$2.6M	75x	as long as short
Bitget SHIBUSDTlong	+0.0100%	8h	0.000006019	long leg	$11.5M	$13.4M	75x
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006021	+0.033%	$25K	$6K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006019	0.000%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006030	+0.183%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006018	−0.017%	$541	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006024	+0.083%	$412K	$618K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006021	+0.033%	$2.1M	$6.1M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0101%	8h	0.000006023	+0.064%	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006018	−0.025%	$53K	$4K	25x	as long as short
Injective SHIB/USDC PERP	+0.0161%	1h	0.000006040	+0.349%	$248	$134K	5.5x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−0.316%	$1K	—	100x	as long as short
BloFin SHIB-USDTshort	+0.0220%	8h	0.000006013	−0.100%	$819K	$939K	50x
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006018	−0.008%	$1	—	20x	as long as short
Kraken Futures PF_SHIBUSD	+0.0383%	1h	0.000006017	−0.041%	$1.1M	$812K	50x	as long as short
Hyperliquid kSHIB	+0.0622%	1h	0.000006032	+0.216%	$4.4M	$4.0M	10x	as long as short