Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.017%
Price spread now: Gate against Kalshi−0.013%48s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as 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−$560.557% of the position
Funding, last 7 days+0.117%+$12 on $10k
+Price spread, last 4 days (all we have)−0.465%−$47 · spread now −0.013%, 7d avg +0.005%
=The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 48 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 | Kalshi KXKSHIBPERP | 0.000006014 | 0 | get 0.0000% / 8h | 2h 18m | $192K | $2.3M | 2x |
| Short | Gate SHIB_USDT | 0.000006013 | 0.0100 | get 0.0100% / 8h | 6h 18m | $6.9M | $5.7M | 75x |
Kalshi KXKSHIBPERP
Gate SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.013% → +0.005%
- −$1.79
- Slippage, 4 orders
- −$30.73
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$36.53
- Costs to cover
- 0.557%
- Break-even
- 19.2 days
Slippage from Kalshi: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago | 7.97 bp | 15.0 bp −$15 | 20.9 bp −$209 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 0.83 bp | 14.6 bp −$15 | 30.1 bp −$301 | doesn't fit | doesn't fit |
SHIB on 28 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 | 0.000006019 | +0.085% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERPlong | 0.0000% | 8h | 0.000006014 | long leg | $192K | $2.3M | 2x | |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006017 | +0.060% | $732 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.436% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0072% | 1h | 0.000006027 | +0.219% | $136K | $1.1M | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006017 | +0.053% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006020 | +0.103% | $163K | $610K | 10x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000006020 | +0.103% | $3.7M | $4.7M | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006016 | +0.037% | $40K | $246K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006016 | +0.043% | $29.4M | $102.0M | 75x | as long as short |
dYdX SHIB-USD
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
Lighter 1000SHIB
Hyperliquid kSHIB
Aster 1000SHIBUSDT
Binance 1000SHIBUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006019 | +0.086% | $9.3M | $36.2M | 50x | as long as short |
| Gate SHIB_USDTshort | +0.0100% | 8h | 0.000006013 | −0.013% | $6.9M | $5.7M | 75x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006014 | +0.003% | $30.3M | $17.5M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006012 | −0.030% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006018 | +0.070% | $11.3M | $14.2M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006013 | −0.013% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006018 | +0.070% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006021 | +0.120% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006017 | +0.053% | $516 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006011 | −0.047% | $411K | $595K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006011 | −0.047% | $2.1M | $6.6M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006012 | −0.035% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0117% | 8h | 0.000006020 | +0.105% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0183% | 1h | 0.000006023 | +0.153% | $12K | $4K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.229% | $1K | — | 100x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006014 | +0.001% | $1 | — | 20x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0415% | 1h | 0.000006021 | +0.120% | $46K | $64K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0758% | 1h | 0.000006008 | −0.089% | $1.1M | $872K | 50x | as long as short |
OKX SHIB-USDT-SWAP
MEXC 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
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
Reya kSHIBRUSDPERP
Deribit 1000SHIB_USDC-PERPETUAL
Kraken Futures PF_SHIBUSD