SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against KuCoin+0.152%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$700.702% of the position

Long on KuCoin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.147%−$15 on $10k

Price spread, last 7 days−0.192%−$19 · spread now +0.152%, 7d avg −0.011%

Together, before fees−0.338%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.163% dearer against KuCoin than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of −0.011%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SHIBUSDTM	0.000006058	0.0100	pay 0.0100% / 8h	6h 01m	$4.8M	$3.2M	75x
Short	Kalshi KXKSHIBPERP	0.000006067	0	get 0.0000% / 8h	2h 01m	$80K	$3.5M	2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee KalshibpOrdersPrice spread, now +0.152%Rate

Funding earned: −$21
Price spread: +0.152% → −0.011%: $16.31
Slippage, 4 orders: −$48.23
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$74.92
Costs to cover: 0.702%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Kalshi: live order book, 5 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 KuCoin live order book, 4 min ago	2.47 bp	23.5 bp −$24	57.3 bp −$573	doesn't fit	doesn't fit
Sell Kalshi live order book, 5 min ago	9.46 bp	14.5 bp −$14	20.9 bp −$209	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	+0.165%	$131K	$1.7M	50x	as long as short
Kalshi KXKSHIBPERPshort	0.0000%	8h	0.000006067	+0.152%	$80K	$3.5M	2x
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006062	+0.066%	$45K	$50K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006059	+0.018%	$572	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	−0.297%	$248	$134K	5.5x	as long as short
Kraken Futures PF_SHIBUSD	+0.0036%	1h	0.000006061	+0.055%	$1.2M	$1.0M	50x	as long as short
BingX 1000SHIB-USDC	+0.0070%	8h	0.000006053	−0.083%	—	$1.7M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006062	+0.066%	$156K	$625K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006063	+0.075%	$40K	$275K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006061	+0.050%	$12K	$5K	10x	as long as short

Show all 29 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006061	+0.047%	$31.4M	$128.5M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006054	−0.066%	$9.6M	$46.2M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006053	−0.083%	$7.1M	$6.9M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006053	−0.083%	$28.0M	$20.3M	300x	as long as short
KuCoin SHIBUSDTMlong	+0.0100%	8h	0.000006058	long leg	$4.8M	$3.2M	75x
Bitget SHIBUSDT	+0.0100%	8h	0.000006055	−0.050%	$11.4M	$17.6M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006063	+0.083%	$7K	$2K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006071	+0.215%	$2K	$25K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006062	+0.066%	$524	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006067	+0.149%	$416K	$480K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006070	+0.198%	$2.1M	$7.7M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0101%	8h	0.000006057	−0.021%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006053	−0.090%	$54K	$4K	25x	as long as short
Backpack kSHIB_USDC_PERP	+0.0107%	1h	0.000006061	+0.050%	$23K	$9K	15x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0212% / S −0.2404%	1h	0.000006000	−0.957%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006075	+0.281%	$931K	$914K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006063	+0.075%	$1	—	20x	as long as short
Hyperliquid kSHIB	+0.0412%	1h	0.000006068	+0.165%	$3.6M	$5.2M	10x	as long as short
dYdX SHIB-USD	+0.6702%	1h	0.000006061	+0.042%	$32K	$66K	10x	as long as short