Funding you earn now, next payment 07:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.048%
Price spread now: Deribit against BloFin−0.083%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.275%−$27 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 −$7 a day on $10k at the current rate, and Deribit is 0.083% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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 | BloFin SHIB-USDT | 0.000006002 | 0.0220 | pay 0.0220% / 8h | 1h 28m | $870K | $930K | 50x |
| Short | Deribit 1000SHIB_USDC-PERPETUAL | 0.000005997 | 0 | get 0.0000% / 1h | 28m 15s | $47K | $65K | 25x |
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BloFin. 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
- −$46.2
- Price spread: −0.083% → 0.000%
- −$8.33
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$73.53
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 59 min ago; Deribit: no order-book sample. Net counts fees only.
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 BloFin live order book, 59 min ago | 0.84 bp | 9.4 bp −$9 | 15.8 bp −$158 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0375% | 1h | 0.000005996 | −0.106% | $1.1M | $1.1M | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0088% | 1h | 0.000006016 | +0.233% | $117K | $1.6M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005992 | −0.168% | $23K | $56K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005996 | −0.107% | $105K | $3.3M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUALshort | 0.0000% | 1h | 0.000005997 | −0.083% | $47K | $65K | 25x | |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005994 | −0.128% | $566 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.633% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000005996 | −0.100% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006000 | −0.033% | $156K | $641K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005998 | −0.072% | $41K | $336K | 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
BingX 1000SHIB-USDC
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 | 0.000005998 | −0.067% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005998 | −0.064% | $30.0M | $128.1M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005997 | −0.083% | $9.1M | $43.3M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005991 | −0.183% | $7.0M | $7.4M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005997 | −0.083% | $27.9M | $19.6M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005996 | −0.100% | $4.6M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005997 | −0.083% | $11.3M | $17.4M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005997 | −0.083% | $23K | $8K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005998 | −0.067% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006007 | +0.083% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005996 | −0.100% | $502 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006001 | −0.017% | $408K | $577K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006000 | −0.033% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0103% | 8h | 0.000005997 | −0.088% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005994 | −0.140% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0117% | 1h | 0.000006002 | 0.000% | $3.6M | $5.4M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000005000 | −16.694% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTlong | +0.0220% | 8h | 0.000006002 | long leg | $870K | $930K | 50x | |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005996 | −0.107% | $1 | — | 20x | as long as short |
Pacifica kSHIB
Binance 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
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
Reya kSHIBRUSDPERP