Funding you earn now, next payment 04:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.80 per $10,000 · paid last 24h +0.024%
Price spread now: BingX against Kalshi+0.158%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$550.554% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 4 days (all we have)−0.618%−$62 · spread now +0.158%, 7d avg +0.019%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.139% dearer against Kalshi than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXKSHIBPERP | 0.000005931 | 0 | get 0.0000% / 8h | 2h 39m | $187K | $2.3M | 2x |
| Short | BingX 1000SHIB-USDC | 0.000005940 | 0.0080 | get 0.0080% / 8h | 6h 39m | — | $1.6M | — |
Kalshi KXKSHIBPERP
BingX 1000SHIB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kalshi. 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
- $16.8
- Price spread: +0.158% → +0.019%
- $13.91
- Slippage, 4 orders
- −$35.44
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$24.73
- Costs to cover
- 0.554%
- Break-even
- 17.3 days
Slippage from Kalshi: live order book, 4 min ago; BingX: live order book, 7 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 Kalshi live order book, 4 min ago | 7.54 bp | 14.7 bp −$15 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 3.33 bp | 15.0 bp −$15 | 39.7 bp −$397 | 171.0 bp −$17.1K | 891.9 bp −$445.9K |
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 | 0.000005949 | +0.311% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERPlong | 0.0000% | 8h | 0.000005931 | long leg | $187K | $2.3M | 2x | |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005926 | −0.074% | $720 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.845% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0072% | 1h | 0.000005938 | +0.125% | $154K | $974K | 50x | as long as short |
| BingX 1000SHIB-USDCshort | +0.0080% | 8h | 0.000005940 | +0.158% | — | $1.6M | — | |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0087% | 1h | 0.000005937 | +0.108% | $45K | $65K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005950 | +0.327% | $161K | $609K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005938 | +0.126% | $39K | $183K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005945 | +0.249% | $29.1M | $101.6M | 75x | as long as short |
dYdX SHIB-USD
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Aster 1000SHIBUSDT
Binance 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005959 | +0.479% | $9.0M | $35.4M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005942 | +0.192% | $6.9M | $5.7M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005950 | +0.327% | $30.6M | $17.4M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005945 | +0.243% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005955 | +0.411% | $11.2M | $14.3M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005939 | +0.142% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005936 | +0.091% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005948 | +0.293% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005939 | +0.142% | $523 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005940 | +0.158% | $407K | $606K | 75x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005942 | +0.198% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0124% | 8h | 0.000005947 | +0.285% | $7K | $13 | 20x | as long as short |
| Phemex u1000SHIBUSDT | +0.0129% | 8h | 0.000005950 | +0.327% | $2.1M | $6.6M | 50x | as long as short |
| Pacifica kSHIB | +0.0183% | 1h | 0.000005948 | +0.293% | $12K | $4K | 10x | as long as short |
| Hyperliquid kSHIB | +0.0187% | 1h | 0.000005960 | +0.496% | $3.7M | $4.7M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −15.691% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006010 | +1.339% | $871K | $935K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005956 | +0.426% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0767% | 1h | 0.000005942 | +0.191% | $1.1M | $851K | 50x | as long as short |
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
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Phemex u1000SHIBUSDT
Pacifica kSHIB
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD