Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.049%
Price spread now: BloFin against Gate−0.049%78s7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$510.515% of the position
Funding, last 7 days+0.264%+$26 on $10k
+Price spread, last 3 days (all we have)+0.078%+$8 · spread now −0.049%, 7d avg +0.016%
=Funding pays, the price is against you. BloFin is 0.066% cheaper against Gate than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.016%). If the spread goes back, that is −$7 on $10k: about 44 hours of funding at the current rate (+$4 a day). The two prices were read 78 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 | Gate SHIB_USDT | 0.000006073 | 0.0100 | pay 0.0100% / 8h | 7h 27m | $7.0M | $5.6M | 75x |
| Short | BloFin SHIB-USDT | 0.000006070 | 0.0220 | get 0.0220% / 8h | 7h 27m | $807K | $939K | 50x |
Gate SHIB_USDT
BloFin SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: −0.049% → +0.016%
- −$6.56
- Slippage, 4 orders
- −$24.47
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$32.83
- Costs to cover
- 0.515%
- Break-even
- 16.1 days
Slippage from Gate: live order book, just now; BloFin: live order book, 59 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, just now | 1.65 bp | 15.9 bp −$16 | 29.1 bp −$291 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 59 min ago | 1.66 bp | 12.0 bp −$12 | 21.2 bp −$212 | 81.8 bp −$8,178 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006072 | −0.016% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006073 | −0.005% | $208K | $2.3M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006073 | 0.000% | $47K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006069 | −0.061% | $738 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −0.543% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0064% | 1h | 0.000006064 | −0.148% | $78K | $870K | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000006074 | +0.016% | — | $2.1M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006077 | +0.066% | $240K | $469K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006073 | +0.003% | $37K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006077 | +0.066% | $12K | $4K | 10x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDT
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 | 0.000006079 | +0.099% | $29.8M | $98.4M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006079 | +0.099% | $9.3M | $34.7M | 50x | as long as short |
| Gate SHIB_USDTlong | +0.0100% | 8h | 0.000006073 | long leg | $7.0M | $5.6M | 75x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006076 | +0.049% | $31.4M | $16.8M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006077 | +0.066% | $4.9M | $2.6M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006078 | +0.082% | $11.5M | $13.8M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006073 | 0.000% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006079 | +0.099% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006075 | +0.033% | $521 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006072 | −0.016% | $416K | $597K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006072 | −0.016% | $2.1M | $6.3M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006075 | +0.032% | $54K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0120% | 8h | 0.000006080 | +0.118% | $7K | $13 | 20x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.202% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTshort | +0.0220% | 8h | 0.000006070 | −0.049% | $807K | $939K | 50x | |
| Backpack kSHIB_USDC_PERP | +0.0229% | 1h | 0.000006073 | 0.000% | $23K | $7K | 15x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0258% | 1h | 0.000006076 | +0.048% | $1.2M | $830K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006073 | −0.007% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0697% | 1h | 0.000006087 | +0.231% | $4.4M | $4.0M | 10x | as long as short |
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
GMX SHIB/USD [ETH-USDC]
Backpack kSHIB_USDC_PERP
Kraken Futures PF_SHIBUSD
Reya kSHIBRUSDPERP
Hyperliquid kSHIB