Funding you earn now, next payment 21:00 UTC−0.0243%/8h= −26.6% APRpaid last 24h −0.073%
Price spread now: BingX against Reya−0.039%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.039% cheaper against Reya than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya kSHIBRUSDPERP | 0.000005997 | 0.0323 | pay 0.0040% / 1h | 31m 29s | $1 | — | 20x |
| Short | BingX 1000SHIB-USDC | 0.000005995 | 0.0080 | get 0.0080% / 8h | 3h 31m | — | $1.6M | — |
Reya kSHIBRUSDPERP
BingX 1000SHIB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Reya. 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
- −$50.95
- Price spread: −0.039% → 0.000%
- −$3.87
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$70.81
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; BingX: live order book, 9 min ago. 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 Reya no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 9 min ago | 2.51 bp | 11.0 bp −$11 | 40.9 bp −$409 | 230.3 bp −$23.0K | 935.9 bp −$468.0K |
Reya: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SHIBUSD | −0.0366% | 1h | 0.000006009 | +0.190% | $1.1M | $728K | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006008 | +0.185% | $63K | $1.6M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006004 | +0.108% | $730 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000005767 | −3.840% | $236 | $36K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0048% | 1h | 0.000006000 | +0.045% | $93K | $830K | 50x | as long as short |
| BingX 1000SHIB-USDCshort | +0.0080% | 8h | 0.000005995 | −0.039% | — | $1.6M | — | |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0083% | 1h | 0.000006009 | +0.195% | $42K | $64K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005998 | +0.011% | $152K | $289K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006003 | +0.093% | $35K | $162K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006000 | +0.045% | $12K | $4K | 10x | as long as short |
Kraken Futures PF_SHIBUSD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
Deribit 1000SHIB_USDC-PERPETUAL
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 | 0.000006000 | +0.045% | $29.4M | $86.2M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005997 | −0.005% | $7.7M | $27.7M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005992 | −0.089% | $6.8M | $5.5M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005996 | −0.022% | $32.8M | $15.3M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005998 | +0.011% | $5.0M | $2.5M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006002 | +0.078% | $11.6M | $12.2M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005999 | +0.028% | $27K | $4K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006007 | +0.161% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006010 | +0.211% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006008 | +0.178% | $547 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006006 | +0.145% | $405K | $636K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006008 | +0.178% | $2.1M | $5.2M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0100% | 8h | 0.000005998 | +0.014% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005993 | −0.070% | $53K | $4K | 25x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | +0.045% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006006 | +0.145% | $727K | $1.1M | 50x | as long as short |
| Reya kSHIBRUSDPERPlong | +0.0323% | 1h | 0.000005997 | long leg | $1 | — | 20x | |
| Hyperliquid kSHIB | +0.0581% | 1h | 0.000006014 | +0.278% | $4.3M | $3.7M | 10x | as long as short |
| dYdX SHIB-USD | +0.5320% | 1h | 0.000005999 | +0.035% | $23K | $66K | 10x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
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
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Hyperliquid kSHIB
dYdX SHIB-USD