Funding you earn now, next payment 20:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.020%
Price spread now: MEXC against Coinbase International0.000%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$370.369% of the position
Funding, last 7 days+0.142%+$14 on $10k
+Price spread, last 3 days (all we have)+0.201%+$20 · spread now 0.000%, 7d avg +0.001%
=The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000SHIB-PERP-INTX | 0.000006000 | 0.0048 | pay 0.0006% / 1h | 32m 09s | $93K | $830K | 50x |
| Short | MEXC SHIB_USDT | 0.000006000 | 0.0100 | get 0.0100% / 8h | 3h 32m | $32.9M | $15.3M | 300x |
Coinbase International 1000SHIB-PERP-INTX
MEXC SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $10.92
- Price spread: 0.000% → +0.001%
- −$0.11
- Slippage, 4 orders
- −$26.87
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$26.05
- Costs to cover
- 0.369%
- Break-even
- 23.7 days
Slippage from Coinbase International: live order book, 16 min ago; MEXC: live order book, 2 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, 16 min ago | 8.42 bp | 13.4 bp −$13 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 3.34 bp | 3.6 bp −$4 | 7.8 bp −$78 | 49.3 bp −$4,928 | 79.1 bp −$39.5K |
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 | −0.0366% | 1h | 0.000006009 | +0.145% | $1.1M | $728K | 50x | as long as short |
| BingX 1000SHIB-USDT | −0.0037% | 8h | 0.000006000 | 0.000% | — | $2.1M | — | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006008 | +0.140% | $63K | $1.6M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006004 | +0.063% | $730 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000005767 | −3.883% | $236 | $36K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTXlong | +0.0048% | 1h | 0.000006000 | long leg | $93K | $830K | 50x | |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0083% | 1h | 0.000006009 | +0.150% | $42K | $64K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006008 | +0.133% | $153K | $289K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006003 | +0.055% | $35K | $162K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006010 | +0.167% | $12K | $4K | 10x | as long as short |
Kraken Futures PF_SHIBUSD
BingX 1000SHIB-USDT
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006002 | +0.030% | $29.4M | $86.2M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005996 | −0.067% | $7.7M | $27.7M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005998 | −0.033% | $6.8M | $5.5M | 75x | as long as short |
| MEXC SHIB_USDTshort | +0.0100% | 8h | 0.000006000 | 0.000% | $32.9M | $15.3M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006007 | +0.117% | $5.0M | $2.5M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006003 | +0.050% | $11.6M | $12.1M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005999 | −0.017% | $27K | $4K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006007 | +0.117% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006010 | +0.167% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006008 | +0.133% | $547 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006006 | +0.100% | $405K | $636K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006008 | +0.133% | $2.1M | $5.2M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0100% | 8h | 0.000006007 | +0.117% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006004 | +0.070% | $53K | $4K | 25x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | 0.000% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006006 | +0.100% | $727K | $1.1M | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005997 | −0.045% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0587% | 1h | 0.000006009 | +0.150% | $4.3M | $3.7M | 10x | as long as short |
| dYdX SHIB-USD | +0.5288% | 1h | 0.000006010 | +0.167% | $23K | $66K | 10x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate 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
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
dYdX SHIB-USD