Funding you earn now, next payment 05:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.011%
Price spread now: BingX against Coinbase International+0.034%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$450.454% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.034%, 7d avg +0.008%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.025% dearer against Coinbase International than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.008%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000SHIB-PERP-INTX | 0.000005960 | −0.0128 | get 0.0016% / 1h | 30m 17s | $117K | $1.5M | 50x |
| Short | BingX 1000SHIB-USDT | 0.000005962 | 0.0068 | get 0.0068% / 8h | 2h 30m | — | $2.3M | — |
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Coinbase International. 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
- $41.16
- Price spread: +0.034% → +0.008%
- $2.53
- Slippage, 4 orders
- −$25.4
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1.7
- Costs to cover
- 0.454%
- Break-even
- 7.3 days
Slippage from Coinbase International: live order book, 3 min ago; BingX: live order book, 3 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 Coinbase International live order book, 3 min ago | 7.55 bp | 14.2 bp −$14 | 20.8 bp −$208 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 1.68 bp | 8.8 bp −$9 | 16.9 bp −$169 | 52.8 bp −$5,275 | 108.8 bp −$54.4K |
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 | 0.000005965 | +0.090% | $1.1M | $1.1M | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTXlong | −0.0128% | 1h | 0.000005960 | long leg | $117K | $1.5M | 50x | |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005960 | +0.001% | $23K | $56K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005964 | +0.065% | $109K | $3.2M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005967 | +0.117% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005964 | +0.067% | $563 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.342% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDTshort | +0.0068% | 8h | 0.000005962 | +0.034% | — | $2.3M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005967 | +0.117% | $157K | $633K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005969 | +0.151% | $41K | $336K | 50x | as long as short |
Kraken Futures PF_SHIBUSD
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 | 0.000005962 | +0.034% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005968 | +0.134% | $30.1M | $123.2M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005964 | +0.067% | $9.4M | $41.7M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005960 | 0.000% | $7.0M | $7.3M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005967 | +0.117% | $28.4M | $19.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005965 | +0.084% | $4.6M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005966 | +0.101% | $11.2M | $17.1M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005964 | +0.067% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005967 | +0.117% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005970 | +0.168% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005965 | +0.084% | $501 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005958 | −0.034% | $407K | $591K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005970 | +0.168% | $2.0M | $7.4M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000005965 | +0.088% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005962 | +0.040% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0178% | 1h | 0.000005974 | +0.235% | $3.6M | $5.3M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.107% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005961 | +0.017% | $894K | $915K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005966 | +0.102% | $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]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP