Funding you earn now, next payment 16:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.30 per $10,000 · paid last 24h −0.007%
Price spread now: BingX against OKX−0.017%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$500.498% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 7 days−0.016%−$2 · spread now −0.017%, 7d avg −0.029%
=The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SHIB-USDT-SWAP | 0.000005993 | 0.0100 | pay 0.0100% / 8h | 5h 05m | $9.5M | $45.7M | 50x |
| Short | BingX 1000SHIB-USDC | 0.000005992 | 0.0070 | get 0.0070% / 8h | 5h 05m | — | $1.7M | — |
OKX SHIB-USDT-SWAP
BingX 1000SHIB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. 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
- −$6.3
- Price spread: −0.017% → −0.029%
- $1.24
- Slippage, 4 orders
- −$29.75
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$54.82
- Costs to cover
- 0.498%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; BingX: 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 OKX live order book, 1 min ago | 0.83 bp | 9.3 bp −$9 | 21.4 bp −$214 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 3.34 bp | 17.3 bp −$17 | 41.0 bp −$410 | 183.0 bp −$18.3K | 924.9 bp −$462.5K |
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 | −0.0056% | 1h | 0.000006005 | +0.200% | $130K | $1.7M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005993 | +0.003% | $81K | $3.5M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005989 | −0.058% | $565 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.784% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDCshort | +0.0070% | 8h | 0.000005992 | −0.017% | — | $1.7M | — | |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0084% | 1h | 0.000005995 | +0.033% | $48K | $46K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005996 | +0.050% | $166K | $628K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005994 | +0.015% | $44K | $283K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005994 | +0.017% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005995 | +0.032% | $31.0M | $128.8M | 75x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAPlong | +0.0100% | 8h | 0.000005993 | long leg | $9.5M | $45.7M | 50x | |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005990 | −0.050% | $7.0M | $6.8M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005991 | −0.033% | $27.4M | $19.1M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005991 | −0.033% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005992 | −0.017% | $11.3M | $17.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005995 | +0.033% | $23K | $9K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005995 | +0.033% | $7K | $2K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006002 | +0.150% | $2K | $25K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005995 | +0.033% | $519 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005995 | +0.033% | $411K | $483K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005992 | −0.017% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000005995 | +0.027% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005991 | −0.040% | $53K | $4K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0203% | 1h | 0.000005992 | −0.010% | $1.2M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000005000 | −16.569% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005993 | 0.000% | $909K | $882K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0236% | 1h | 0.000006000 | +0.117% | $3.6M | $5.2M | 10x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005992 | −0.018% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.7896% | 1h | 0.000005990 | −0.043% | $32K | $52K | 10x | as long as short |
Gate SHIB_USDT
MEXC 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
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Hyperliquid kSHIB
Reya kSHIBRUSDPERP
dYdX SHIB-USD