data as of
Settings8H · net · $10k
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Funding arb /

SHIB

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 14:00 UTC−0.0008%/8h
paid, last 24h−0.017%paid, last 7 days+0.003%to open and close $10k−$50
Long on Coinbase InternationalShort on Kalshi
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International 1000SHIB-PERP-INTX0.0000057690.0008pay 0.0001% / 1h25m 13s$89K$896K50x
ShortKalshi KXKSHIBPERP0.0000057700get 0.0000% / 8h5h 25m$294K$923K2x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$1.68
Slippage, 4 orders
−$30.01
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$51.69
Break-even
never at this rate
Slippage from Coinbase International: live order book, 10 min ago; Kalshi: live order book, 29 min ago.

Price risk

price view
Price gap now
+0.017%
Avg gap 7d
−0.051%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 10 min ago6.96 bp12.0 bp −$1217.0 bp −$170doesn't fitdoesn't fit
Sell Kalshi live order book, 29 min ago5.62 bp13.3 bp −$1322.9 bp −$229doesn't fitdoesn't fit

SHIB on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kalshi KXKSHIBPERPshort0.0000%8h$294K$923K2x
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h$701—150xas long as short
Coinbase International 1000SHIB-PERP-INTXlong+0.0008%1h$89K$896K50x
Injective SHIB/USDC PERP+0.0033%1h$224$74K5.5xas long as short
Gate SHIB_USDT+0.0076%8h$6.5M$3.8M75xas long as short
BingX 1000SHIB-USDC+0.0080%8h—$1.6M—as long as short
Lighter 1000SHIB+0.0096%1h$154K$186K10xas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0097%1h$46K$52K25xas long as short
Aster 1000SHIBUSDT+0.0100%8h$45K$162K50xas long as short
Pacifica kSHIB+0.0100%1h$11K$2K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance 1000SHIBUSDT+0.0100%8h$27.9M$55.6M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h$7.5M$18.7M50xas long as short
MEXC SHIB_USDT+0.0100%8h$20.0M$8.3M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h$4.6M$1.9M75xas long as short
Bitget SHIBUSDT+0.0100%8h$10.9M$8.7M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h$24K$3K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h$6K$1K20xas long as short
SunX SHIB-USDT+0.0100%8h$2K$16K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h$505$6K10xas long as short
HTX SHIB-USDT+0.0100%8h$393K$725K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h$2.1M$4.1M50xas long as short
Paradex kSHIB-USD-PERP+0.0100%8h$7K—20xas long as short
Extended 1000SHIB-USD+0.0104%1h$51K$6K25xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0214% / S −0.2404%1h$1K—100xas long as short
BloFin SHIB-USDT+0.0220%8h$714K$794K50xas long as short
Hyperliquid kSHIB+0.0296%1h$3.4M$1.7M10xas long as short
Reya kSHIBRUSDPERP+0.0323%1h$1—20xas long as short
Kraken Futures PF_SHIBUSD+0.0340%1h$1.1M$587K50xas long as short
dYdX SHIB-USD+0.5431%1h$34K$54K10xas long as short