Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.007%
Price spread now: BingX against Gate−0.050%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$490.486% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 7 days+0.053%+$5 · spread now −0.050%, 7d avg +0.024%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.074% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SHIB_USDT | 0.000006015 | 0.0100 | pay 0.0100% / 8h | 4h 22m | $7.0M | $5.9M | 75x |
| Short | BingX 1000SHIB-USDT | 0.000006012 | 0.0080 | get 0.0080% / 8h | 4h 22m | — | $2.1M | — |
Gate SHIB_USDT
BingX 1000SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- −$4.2
- Price spread: −0.050% → +0.024%
- −$7.43
- Slippage, 4 orders
- −$23.64
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$60.27
- Costs to cover
- 0.486%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; BingX: live order book, 10 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 Gate live order book, 1 min ago | 2.50 bp | 14.1 bp −$14 | 32.7 bp −$327 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 1.66 bp | 8.7 bp −$9 | 17.1 bp −$171 | 56.5 bp −$5,653 | 121.0 bp −$60.5K |
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 | −0.0350% | 1h | 0.000006012 | −0.052% | $1.1M | $932K | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0088% | 1h | 0.000006010 | −0.083% | $126K | $1.1M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006010 | −0.085% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006014 | −0.010% | $194K | $2.3M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006016 | +0.017% | $46K | $58K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006012 | −0.043% | $568 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.416% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDTshort | +0.0080% | 8h | 0.000006012 | −0.050% | — | $2.1M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006017 | +0.033% | $160K | $608K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006009 | −0.095% | $40K | $321K | 50x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
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 | 0.000006014 | −0.017% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006017 | +0.041% | $29.6M | $104.3M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006016 | +0.017% | $9.4M | $36.9M | 50x | as long as short |
| Gate SHIB_USDTlong | +0.0100% | 8h | 0.000006015 | long leg | $7.0M | $5.9M | 75x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006012 | −0.050% | $30.1M | $17.8M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006012 | −0.050% | $4.8M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006016 | +0.017% | $11.4M | $14.6M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006016 | +0.017% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006025 | +0.166% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006015 | 0.000% | $479 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006019 | +0.067% | $411K | $557K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006020 | +0.083% | $2.1M | $6.9M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006016 | +0.016% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0118% | 8h | 0.000006017 | +0.029% | $7K | $13 | 20x | as long as short |
| Hyperliquid kSHIB | +0.0129% | 1h | 0.000006017 | +0.033% | $3.6M | $4.8M | 10x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0130% | 1h | 0.000006015 | 0.000% | $23K | $7K | 15x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.249% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006016 | +0.017% | $870K | $893K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006013 | −0.034% | $1 | — | 20x | as long as short |
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Hyperliquid kSHIB
Backpack kSHIB_USDC_PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP