Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.32 per $10,000 · paid last 24h −0.020%
Price spread now: BingX against MEXC+0.050%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$280.278% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 7 days−0.098%−$10 · spread now +0.050%, 7d avg +0.005%
=The price spread pays, funding is against you. BingX is 0.044% dearer against MEXC than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of +0.005%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SHIB_USDT | 0.000006030 | 0.0100 | pay 0.0100% / 8h | 1h 09m | $28.2M | $19.8M | 300x |
| Short | BingX 1000SHIB-USDT | 0.000006033 | 0.0068 | get 0.0068% / 8h | 1h 09m | — | $2.3M | — |
MEXC SHIB_USDT
BingX 1000SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- −$6.72
- Price spread: +0.050% → +0.005%
- $4.44
- Slippage, 4 orders
- −$17.83
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$30.11
- Costs to cover
- 0.278%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 9 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 MEXC live order book, 4 min ago | 0.83 bp | 4.5 bp −$4 | 8.7 bp −$87 | 49.2 bp −$4,917 | 80.5 bp −$40.2K |
| Sell BingX live order book, 9 min ago | 2.49 bp | 8.4 bp −$8 | 14.2 bp −$142 | 44.9 bp −$4,486 | 107.8 bp −$53.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SHIBUSD | −0.0373% | 1h | 0.000006032 | +0.030% | $1.2M | $1.0M | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0088% | 1h | 0.000006016 | −0.232% | $117K | $1.6M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006027 | −0.052% | $24K | $56K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006024 | −0.103% | $106K | $3.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006028 | −0.036% | $569 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.166% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDTshort | +0.0068% | 8h | 0.000006033 | +0.050% | — | $2.3M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006030 | 0.000% | $157K | $641K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006030 | +0.008% | $41K | $336K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006028 | −0.033% | $12K | $5K | 10x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
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 | 0.000006032 | +0.035% | $30.2M | $127.2M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006032 | +0.033% | $9.2M | $43.4M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006030 | 0.000% | $7.1M | $7.4M | 75x | as long as short |
| MEXC SHIB_USDTlong | +0.0100% | 8h | 0.000006030 | long leg | $28.2M | $19.8M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006030 | 0.000% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006031 | +0.017% | $11.4M | $17.2M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006033 | +0.050% | $23K | $8K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006035 | +0.083% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006028 | −0.033% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006032 | +0.033% | $518 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006024 | −0.100% | $411K | $575K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006034 | +0.066% | $2.1M | $7.6M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006023 | −0.116% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0106% | 8h | 0.000006030 | −0.008% | $7K | $13 | 20x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | −0.498% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006012 | −0.299% | $862K | $934K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0220% | 1h | 0.000006041 | +0.182% | $3.6M | $5.4M | 10x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0247% | 1h | 0.000006035 | +0.083% | $47K | $62K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006013 | −0.282% | $1 | — | 20x | 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
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Hyperliquid kSHIB
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP