Funding you earn now, next payment 10:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.009%
Price spread now: KuCoin against Kraken Futures−0.108%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$820.822% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.108%, 7d avg −0.006%
=Funding pays, the price is against you. KuCoin is 0.103% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of −0.006%). If the spread goes back, that is −$10 on $10k: about 5.4 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SHIBUSD | 0.000006072 | 0.0036 | pay 0.0005% / 1h | 3m 46s | $1.2M | $1.0M | 50x |
| Short | KuCoin SHIBUSDTM | 0.000006065 | 0.0100 | get 0.0100% / 8h | 6h 03m | $4.8M | $3.2M | 75x |
Kraken Futures PF_SHIBUSD
KuCoin SHIBUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Kraken Futures. 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
- $13.42
- Price spread: −0.108% → −0.006%
- −$10.28
- Slippage, 4 orders
- −$60.19
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$79.05
- Costs to cover
- 0.822%
- Break-even
- 48.2 days
Slippage from Kraken Futures: live order book, 3 min ago; KuCoin: live order book, 2 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 Kraken Futures live order book, 3 min ago | 4.11 bp | 20.3 bp −$20 | 29.9 bp −$299 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 2.47 bp | 15.0 bp −$15 | 61.4 bp −$614 | doesn't fit | doesn't fit |
SHIB on 29 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTX | −0.0080% | 1h | 0.000006068 | −0.059% | $131K | $1.7M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006072 | +0.009% | $80K | $3.5M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006072 | +0.007% | $45K | $50K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006070 | −0.024% | $573 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −0.520% | $248 | $134K | 5.5x | as long as short |
| Kraken Futures PF_SHIBUSDlong | +0.0036% | 1h | 0.000006072 | long leg | $1.2M | $1.0M | 50x | |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000006068 | −0.059% | — | $1.7M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006076 | +0.073% | $157K | $625K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006067 | −0.084% | $40K | $275K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006078 | +0.106% | $12K | $5K | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIBShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006068 | −0.058% | $31.4M | $128.5M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006067 | −0.075% | $9.7M | $46.4M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006066 | −0.092% | $7.1M | $6.9M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006064 | −0.125% | $28.1M | $20.3M | 300x | as long as short |
| KuCoin SHIBUSDTMshort | +0.0100% | 8h | 0.000006065 | −0.108% | $4.8M | $3.2M | 75x | |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006066 | −0.092% | $11.4M | $17.6M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006073 | +0.023% | $7K | $2K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006082 | +0.172% | $2K | $25K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006073 | +0.023% | $527 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006071 | −0.010% | $417K | $479K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006072 | +0.007% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006078 | +0.100% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006065 | −0.107% | $54K | $4K | 25x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0108% | 1h | 0.000006074 | +0.040% | $23K | $9K | 15x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | −1.179% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006072 | +0.007% | $930K | $914K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006068 | −0.054% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0411% | 1h | 0.000006075 | +0.056% | $3.7M | $5.2M | 10x | as long as short |
| dYdX SHIB-USD | +0.7067% | 1h | 0.000006078 | +0.099% | $32K | $70K | 10x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Backpack kSHIB_USDC_PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
dYdX SHIB-USD