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Funding arb /

SHIB

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 16:00 UTC+0.0100%/8h
next payment, per $10,000+$1.00paid, last 24h+0.030%paid, last 7 days+0.146%to open and close $10k−$57
Long on KalshiShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXKSHIBPERP0.0000057120get 0.0000% / 8h6h 28m$289K$866K2x
ShortPhemex u1000SHIBUSDT0.0000057210.0100get 0.0100% / 8h2h 28m$2.1M$3.9M50x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$21
Slippage, 4 orders
−$35.12
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$36.12
Break-even
19.0 days
Slippage from Kalshi: live order book, 31 min ago; Phemex: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.161%
Avg gap 7d
+0.089%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kalshi live order book, 31 min ago6.63 bp12.7 bp −$1319.3 bp −$193doesn't fitdoesn't fit
Sell Phemex live order book, 2 min ago1.75 bp17.9 bp −$1869.8 bp −$698doesn't fitdoesn't fit

SHIB on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
dYdX SHIB-USD0.0000%1h$33K$54K10xas long as short
Kalshi KXKSHIBPERPlong0.0000%8h$289K$866K2x
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h$695—150xas long as short
Injective SHIB/USDC PERP+0.0033%1h$224$92K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0048%1h$89K$904K50xas long as short
BingX 1000SHIB-USDT+0.0080%8h—$2.1M—as long as short
Gate SHIB_USDT+0.0081%8h$6.4M$3.6M75xas long as short
Lighter 1000SHIB+0.0096%1h$153K$180K10xas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0100%1h$45K$52K25xas long as short
Hyperliquid kSHIB+0.0100%1h$3.3M$1.5M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster 1000SHIBUSDT+0.0100%8h$43K$154K50xas long as short
Pacifica kSHIB+0.0100%1h$11K$2K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h$27.4M$53.3M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h$7.4M$17.9M50xas long as short
MEXC SHIB_USDT+0.0100%8h$19.6M$7.9M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h$4.5M$1.9M75xas long as short
Bitget SHIBUSDT+0.0100%8h$10.9M$8.5M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h$24K$3K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h$6K$1K20xas long as short
SunX SHIB-USDT+0.0100%8h$2K$15K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h$508$6K10xas long as short
HTX SHIB-USDT+0.0100%8h$389K$712K75xas long as short
Phemex u1000SHIBUSDTshort+0.0100%8h$2.1M$3.9M50x
Paradex kSHIB-USD-PERP+0.0100%8h$7K—20xas long as short
Extended 1000SHIB-USD+0.0104%1h$51K$6K25xas long as short
Kraken Futures PF_SHIBUSD+0.0175%1h$1.1M$590K50xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0214% / S −0.2404%1h$1K—100xas long as short
BloFin SHIB-USDT+0.0220%8h$724K$739K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h$1—20xas long as short