Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Bitget against Kalshi+0.038%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$440.441% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 3 days (all we have)−0.101%−$10 · spread now +0.038%, 7d avg +0.036%
=The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXKSHIBPERP | 0.000006109 | 0 | get 0.0000% / 8h | 4h 45m | $73K | $1.9M | 2x |
| Short | Bitget SHIBUSDT | 0.000006111 | 0.0100 | get 0.0100% / 8h | 45m 29s | $11.7M | $13.3M | 75x |
Kalshi KXKSHIBPERP
Bitget SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $21
- Price spread: +0.038% → +0.036%
- $0.2
- Slippage, 4 orders
- −$22.11
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$22.91
- Costs to cover
- 0.441%
- Break-even
- 14.6 days
Slippage from Kalshi: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago | 5.59 bp | 13.1 bp −$13 | 22.1 bp −$221 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 1.64 bp | 10.1 bp −$10 | 16.9 bp −$169 | 48.9 bp −$4,894 | 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 | 0.000006112 | +0.057% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERPlong | 0.0000% | 8h | 0.000006109 | long leg | $73K | $1.9M | 2x | |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006117 | +0.134% | $744 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0032% | 1h | 0.000006113 | +0.070% | $81K | $791K | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006108 | −0.011% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006118 | +0.152% | $154K | $290K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006112 | +0.056% | $36K | $175K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006118 | +0.152% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006111 | +0.039% | $30.1M | $94.8M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006110 | +0.021% | $8.8M | $32.6M | 50x | as long as short |
dYdX SHIB-USD
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006110 | +0.021% | $7.0M | $5.6M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006110 | +0.021% | $30.7M | $16.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006113 | +0.070% | $5.0M | $2.5M | 75x | as long as short |
| Bitget SHIBUSDTshort | +0.0100% | 8h | 0.000006111 | +0.038% | $11.7M | $13.3M | 75x | |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006120 | +0.185% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006121 | +0.201% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006115 | +0.103% | $536 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006113 | +0.070% | $417K | $614K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006119 | +0.169% | $2.1M | $5.9M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006116 | +0.126% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006109 | +0.004% | $54K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0161% | 1h | 0.000006040 | −1.125% | $248 | $134K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.779% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006086 | −0.372% | $815K | $951K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006109 | +0.012% | $1 | — | 20x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0330% | 1h | 0.000006119 | +0.169% | $25K | $6K | 15x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0377% | 1h | 0.000006117 | +0.140% | $1.2M | $804K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0404% | 1h | 0.000006121 | +0.201% | $47K | $65K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0710% | 1h | 0.000006120 | +0.185% | $4.4M | $4.0M | 10x | as long as short |
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Backpack kSHIB_USDC_PERP
Kraken Futures PF_SHIBUSD
Deribit 1000SHIB_USDC-PERPETUAL
Hyperliquid kSHIB