Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: OKX against Kalshi−0.260%52s7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as 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−$440.442% of the position
Funding, last 7 days+0.142%+$14 on $10k
+Price spread, last 3 days (all we have)+0.213%+$21 · spread now −0.260%, 7d avg +0.016%
=Funding pays, the price is against you. OKX is 0.275% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.260% now, against its 7-day average of +0.016%). If the spread goes back, that is −$28 on $10k: about 9.2 days of funding at the current rate (+$3 a day). The two prices were read 52 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 | 0.000006087 | 0 | get 0.0000% / 8h | 3h 22m | $207K | $2.3M | 2x |
| Short | OKX SHIB-USDT-SWAP | 0.000006071 | 0.0100 | get 0.0100% / 8h | 7h 22m | $9.3M | $34.9M | 50x |
Kalshi KXKSHIBPERP
OKX SHIB-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.260% → +0.016%
- −$27.54
- Slippage, 4 orders
- −$24.15
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$50.7
- Costs to cover
- 0.442%
- Break-even
- 23.9 days
Slippage from Kalshi: live order book, 1 min ago; OKX: live order book, 1 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 | 6.41 bp | 11.4 bp −$11 | 18.2 bp −$182 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.82 bp | 8.6 bp −$9 | 24.5 bp −$245 | 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 | 0.000006076 | −0.177% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERPlong | 0.0000% | 8h | 0.000006087 | long leg | $207K | $2.3M | 2x | |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006069 | −0.286% | $738 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −0.769% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0064% | 1h | 0.000006086 | −0.013% | $85K | $879K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0079% | 1h | 0.000006083 | −0.062% | $47K | $65K | 25x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000006066 | −0.342% | — | $2.1M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006084 | −0.046% | $240K | $469K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006073 | −0.229% | $37K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006078 | −0.145% | $12K | $4K | 10x | 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
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 | 0.000006068 | −0.312% | $29.8M | $98.8M | 75x | as long as short |
| OKX SHIB-USDT-SWAPshort | +0.0100% | 8h | 0.000006071 | −0.260% | $9.3M | $34.9M | 50x | |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006067 | −0.325% | $7.0M | $5.6M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006068 | −0.309% | $31.3M | $16.9M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006069 | −0.292% | $4.9M | $2.6M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006068 | −0.309% | $11.4M | $14.0M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006070 | −0.276% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006090 | +0.053% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006082 | −0.079% | $518 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006082 | −0.079% | $417K | $595K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006084 | −0.046% | $2.1M | $6.3M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006070 | −0.278% | $54K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0121% | 8h | 0.000006072 | −0.249% | $7K | $13 | 20x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.426% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006083 | −0.062% | $862K | $942K | 50x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0238% | 1h | 0.000006082 | −0.079% | $23K | $7K | 15x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0258% | 1h | 0.000006081 | −0.093% | $1.2M | $829K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006068 | −0.304% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0703% | 1h | 0.000006080 | −0.112% | $4.4M | $4.0M | 10x | as long as short |
Binance 1000SHIBUSDT
Gate SHIB_USDT
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]
BloFin SHIB-USDT
Backpack kSHIB_USDC_PERP
Kraken Futures PF_SHIBUSD
Reya kSHIBRUSDPERP
Hyperliquid kSHIB