Funding you earn now, next payment 05:00 UTC+0.0163%/8h= +17.9% APRpaid last 24h +0.025%
Price spread now: SunX against Kraken Futures+0.169%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and SunX is 0.169% dearer against Kraken Futures than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SHIBUSD | 0.000006209 | −0.0063 | get 0.0008% / 1h | 43m 07s | $1.2M | $978K | 50x |
| Short | SunX SHIB-USDT | 0.000006220 | 0.0100 | get 0.0100% / 8h | 3h 43m | $3K | $25K | 20x |
Kraken Futures PF_SHIBUSD
SunX SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $34.25
- Price spread: +0.169% → 0.000%
- $16.94
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- $33.19
- Costs to cover
- 0.180%
- Break-even
- 0.2 days
Slippage unknown: Kraken Futures: live order book, just now; SunX: no order-book sample. Net counts fees only.
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, just now | 4.83 bp | 13.0 bp −$13 | 23.3 bp −$233 | doesn't fit | doesn't fit |
| Sell SunX no order-book sample | — | — | — | — | — |
SunX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTX | −0.0168% | 1h | 0.000006217 | +0.121% | $123K | $1.3M | 50x | as long as short |
| Kraken Futures PF_SHIBUSDlong | −0.0063% | 1h | 0.000006209 | long leg | $1.2M | $978K | 50x | |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006206 | −0.058% | $24K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006218 | +0.134% | $273K | $2.7M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006202 | −0.114% | $585 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −2.729% | $248 | $134K | 5.5x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0072% | 1h | 0.000006213 | +0.057% | $48K | $58K | 25x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000006210 | +0.008% | — | $2.2M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006217 | +0.121% | $164K | $621K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006205 | −0.065% | $42K | $325K | 50x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Deribit 1000SHIB_USDC-PERPETUAL
BingX 1000SHIB-USDT
Lighter 1000SHIB
Aster 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006217 | +0.128% | $32.2M | $113.3M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006212 | +0.041% | $10.1M | $40.3M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006204 | −0.088% | $7.3M | $6.3M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006217 | +0.121% | $31.4M | $18.6M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006211 | +0.024% | $4.8M | $3.0M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006203 | −0.104% | $11.8M | $15.5M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006211 | +0.024% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDTshort | +0.0100% | 8h | 0.000006220 | +0.169% | $3K | $25K | 20x | |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006214 | +0.073% | $507 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006205 | −0.072% | $427K | $576K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006213 | +0.057% | $2.1M | $7.1M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006206 | −0.059% | $55K | $4K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0118% | 1h | 0.000006210 | +0.008% | $3.7M | $5.0M | 10x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0121% | 8h | 0.000006216 | +0.112% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0188% | 1h | 0.000006215 | +0.089% | $12K | $5K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0214% / S −0.2404% | 1h | 0.000006000 | −3.374% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006207 | −0.040% | $911K | $922K | 50x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0310% | 1h | 0.000006215 | +0.089% | $24K | $7K | 15x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006205 | −0.076% | $1 | — | 20x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Hyperliquid kSHIB
Paradex kSHIB-USD-PERP
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Backpack kSHIB_USDC_PERP
Reya kSHIBRUSDPERP