Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against MEXC0.000%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Funding, last 7 days−0.143%−$14 on $10k
+Price spread, last 4 days (all we have)+0.049%+$5 · spread now 0.000%, 7d avg +0.014%
=Together, before fees−0.094%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SHIB_USDT | 0.000005945 | 0.0100 | pay 0.0100% / 8h | 6h 40m | $30.6M | $17.4M | 300x |
| Short | Lighter 1000SHIB | 0.000005945 | 0.0096 | get 0.0012% / 1h | 40m 04s | $161K | $608K | 10x |
MEXC SHIB_USDT
Lighter 1000SHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- −$0.84
- Price spread: 0.000% → +0.014%
- −$1.42
- Slippage, 4 orders
- −$27.13
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$29.38
- Costs to cover
- 0.271%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Lighter: live order book, 10 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 | 3.0 bp −$3 | 7.7 bp −$77 | 44.0 bp −$4,399 | 67.6 bp −$33.8K |
| Sell Lighter live order book, 10 min ago | 2.49 bp | 14.4 bp −$14 | 68.5 bp −$685 | doesn't fit | doesn't fit |
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 | 0.000005925 | −0.335% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005931 | −0.242% | $187K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005926 | −0.316% | $720 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.598% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0072% | 1h | 0.000005938 | −0.118% | $154K | $974K | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000005941 | −0.067% | — | $1.6M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0087% | 1h | 0.000005937 | −0.135% | $45K | $65K | 25x | as long as short |
| Lighter 1000SHIBshort | +0.0096% | 1h | 0.000005945 | 0.000% | $161K | $608K | 10x | |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005929 | −0.272% | $38K | $183K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005934 | −0.178% | $29.1M | $101.6M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
Deribit 1000SHIB_USDC-PERPETUAL
Aster 1000SHIBUSDT
Binance 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005940 | −0.084% | $8.9M | $35.2M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005935 | −0.168% | $6.9M | $5.7M | 75x | as long as short |
| MEXC SHIB_USDTlong | +0.0100% | 8h | 0.000005945 | long leg | $30.6M | $17.4M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005938 | −0.118% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005940 | −0.084% | $11.2M | $14.3M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005939 | −0.101% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005936 | −0.151% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005948 | +0.050% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005939 | −0.101% | $523 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005940 | −0.084% | $407K | $606K | 75x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005936 | −0.146% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0125% | 8h | 0.000005930 | −0.247% | $7K | $13 | 20x | as long as short |
| Phemex u1000SHIBUSDT | +0.0129% | 8h | 0.000005950 | +0.084% | $2.1M | $6.6M | 50x | as long as short |
| Pacifica kSHIB | +0.0183% | 1h | 0.000005928 | −0.286% | $12K | $4K | 10x | as long as short |
| Hyperliquid kSHIB | +0.0204% | 1h | 0.000005944 | −0.017% | $3.6M | $4.7M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −15.896% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006010 | +1.093% | $871K | $935K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005921 | −0.402% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0767% | 1h | 0.000005942 | −0.052% | $1.1M | $851K | 50x | as long as short |
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
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Phemex u1000SHIBUSDT
Pacifica kSHIB
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD