Funding you earn now, next payment 01:00 UTC−0.0161%/8h= −17.6% APRpaid last 24h +0.047%
Price spread now: MEXC against Kraken Futures+0.034%51s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as 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−$420.415% of the position
Funding, last 7 days+0.095%+$10 on $10k
+Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.034%, 7d avg −0.010%
=The price spread pays, funding is against you. MEXC is 0.043% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.010%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 7 days funding on this pair paid +0.095%, so the current rate has only just turned against you. The two prices were read 51 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 | Kraken Futures PF_SHIBUSD | 0.000006008 | 0.0261 | pay 0.0033% / 1h | 47m 25s | $1.1M | $813K | 50x |
| Short | MEXC SHIB_USDT | 0.000006010 | 0.0100 | get 0.0100% / 8h | 7h 47m | $31.1M | $16.7M | 300x |
Kraken Futures PF_SHIBUSD
MEXC SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$33.85
- Price spread: +0.034% → −0.010%
- $4.31
- Slippage, 4 orders
- −$31.55
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$71.08
- Costs to cover
- 0.415%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; MEXC: 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 Kraken Futures live order book, 1 min ago | 3.33 bp | 16.0 bp −$16 | 34.3 bp −$343 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.83 bp | 4.4 bp −$4 | 9.2 bp −$92 | 54.8 bp −$5,483 | 84.1 bp −$42.1K |
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 | +0.001% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006017 | +0.155% | $94K | $2.0M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006010 | +0.034% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006011 | +0.057% | $731 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.533% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0064% | 1h | 0.000006016 | +0.133% | $76K | $767K | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006010 | +0.034% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006014 | +0.100% | $186K | $389K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006006 | −0.036% | $35K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006011 | +0.050% | $12K | $4K | 10x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
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 | 0.000006015 | +0.115% | $29.3M | $97.2M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006012 | +0.067% | $8.6M | $33.0M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006007 | −0.016% | $6.9M | $5.5M | 75x | as long as short |
| MEXC SHIB_USDTshort | +0.0100% | 8h | 0.000006010 | +0.034% | $31.1M | $16.7M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006010 | +0.034% | $4.9M | $2.6M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006010 | +0.034% | $11.5M | $13.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006012 | +0.067% | $25K | $6K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006011 | +0.050% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006018 | +0.167% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006008 | 0.000% | $553 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006010 | +0.034% | $411K | $594K | 75x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0104% | 8h | 0.000006010 | +0.039% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006009 | +0.021% | $54K | $4K | 25x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.133% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006022 | +0.233% | $798K | $940K | 50x | as long as short |
| Kraken Futures PF_SHIBUSDlong | +0.0261% | 1h | 0.000006008 | long leg | $1.1M | $813K | 50x | |
| Phemex u1000SHIBUSDT | +0.0298% | 8h | 0.000006010 | +0.034% | $2.1M | $6.2M | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006010 | +0.027% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0587% | 1h | 0.000006019 | +0.183% | $4.4M | $4.0M | 10x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate 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
Phemex u1000SHIBUSDT
Reya kSHIBRUSDPERP
Hyperliquid kSHIB