Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%
Price spread now: Lighter against Kalshi+0.105%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$490.488% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 3 days (all we have)−0.166%−$17 · spread now +0.105%, 7d avg +0.037%
=Together, before fees−0.168%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.068% dearer against Kalshi than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXKSHIBPERP | 0.000006011 | 0 | get 0.0000% / 8h | 3h 47m | $94K | $2.0M | 2x |
| Short | Lighter 1000SHIB | 0.000006017 | 0.0096 | get 0.0012% / 1h | 47m 16s | $188K | $391K | 10x |
Kalshi KXKSHIBPERP
Lighter 1000SHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $20.16
- Price spread: +0.105% → +0.037%
- $6.75
- Slippage, 4 orders
- −$38.79
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$21.88
- Costs to cover
- 0.488%
- Break-even
- 14.6 days
Slippage from Kalshi: live order book, 1 min ago; Lighter: live order book, 8 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, 1 min ago | 9.39 bp | 14.5 bp −$14 | 19.6 bp −$196 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 1.66 bp | 14.9 bp −$15 | 68.7 bp −$687 | doesn't fit | 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 | 0.000006008 | −0.044% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERPlong | 0.0000% | 8h | 0.000006011 | long leg | $94K | $2.0M | 2x | |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006009 | −0.028% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006011 | +0.012% | $731 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.487% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0064% | 1h | 0.000006016 | +0.088% | $76K | $766K | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006010 | −0.012% | — | $1.6M | — | as long as short |
| Lighter 1000SHIBshort | +0.0096% | 1h | 0.000006017 | +0.105% | $188K | $391K | 10x | |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006007 | −0.066% | $35K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006011 | +0.005% | $12K | $4K | 10x | as long as short |
dYdX SHIB-USD
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
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 | 0.000006015 | +0.072% | $29.3M | $97.2M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006016 | +0.088% | $8.6M | $33.0M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006009 | −0.028% | $6.9M | $5.5M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006010 | −0.012% | $31.1M | $16.7M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006010 | −0.012% | $4.9M | $2.6M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006013 | +0.038% | $11.5M | $13.6M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006012 | +0.022% | $25K | $6K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006016 | +0.088% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006025 | +0.238% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006011 | +0.005% | $552 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006010 | −0.012% | $411K | $594K | 75x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0104% | 8h | 0.000006010 | −0.006% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006008 | −0.049% | $54K | $4K | 25x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.178% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006010 | −0.012% | $804K | $938K | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0261% | 1h | 0.000006011 | +0.008% | $1.1M | $814K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006010 | −0.019% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0587% | 1h | 0.000006019 | +0.138% | $4.4M | $4.0M | 10x | as long as short |
| Phemex u1000SHIBUSDT | +0.0818% | 8h | 0.000006014 | +0.055% | $2.1M | $6.2M | 50x | as long as short |
Binance 1000SHIBUSDT
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
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Kraken Futures PF_SHIBUSD
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
Phemex u1000SHIBUSDT