Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.006%
Price spread now: BingX against Aster+0.017%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$940.942% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.017%, 7d avg −0.041%
=Together, before fees−0.191%+ Points / potential airdropAster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.058% dearer against Aster than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.041%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.6 days. At the pace of the last 7 days (−0.153% in total) that is about 2.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster 1000SHIBUSDT | 0.000005952 | 0.0100 | pay 0.0100% / 8h | 4h 43m | $40K | $321K | 50x |
| Short | BingX 1000SHIB-USDC | 0.000005953 | 0.0080 | get 0.0080% / 8h | 4h 43m | — | $1.6M | — |
Aster 1000SHIBUSDT
BingX 1000SHIB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Aster. 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
- −$4.2
- Price spread: +0.017% → −0.041%
- $5.77
- Slippage, 4 orders
- −$76.21
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$92.64
- Costs to cover
- 0.942%
- Break-even
- never at this rate
Slippage from Aster: live order book, 13 min ago; BingX: live order book, 4 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 Aster live order book, 13 min ago | 5.88 bp | 19.0 bp −$19 | 101.7 bp −$1,017 | doesn't fit | doesn't fit |
| Sell BingX live order book, 4 min ago | 4.22 bp | 19.4 bp −$19 | 40.9 bp −$409 | 212.6 bp −$21.3K | 984.0 bp −$492.0K |
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 | −0.0354% | 1h | 0.000005951 | −0.018% | $1.1M | $928K | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0088% | 1h | 0.000005921 | −0.521% | $124K | $1.1M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005953 | +0.015% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005946 | −0.097% | $191K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005952 | 0.000% | $562 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.478% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDCshort | +0.0080% | 8h | 0.000005953 | +0.017% | — | $1.6M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005961 | +0.151% | $160K | $604K | 10x | as long as short |
| Aster 1000SHIBUSDTlong | +0.0100% | 8h | 0.000005952 | long leg | $40K | $321K | 50x | |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005960 | +0.134% | $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
Pacifica kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005961 | +0.146% | $29.2M | $103.5M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005957 | +0.084% | $9.2M | $36.3M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005953 | +0.017% | $6.9M | $5.9M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005955 | +0.050% | $29.9M | $17.7M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005958 | +0.101% | $4.8M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005953 | +0.017% | $11.2M | $14.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005959 | +0.118% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005956 | +0.067% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005964 | +0.202% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005955 | +0.050% | $484 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005948 | −0.067% | $406K | $566K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005954 | +0.034% | $2.1M | $6.8M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005954 | +0.029% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0106% | 1h | 0.000005962 | +0.168% | $3.6M | $4.8M | 10x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0110% | 8h | 0.000005959 | +0.126% | $7K | $13 | 20x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −15.995% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005935 | −0.286% | $869K | $883K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0254% | 1h | 0.000005955 | +0.050% | $46K | $61K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005953 | +0.024% | $1 | — | 20x | 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
Extended 1000SHIB-USD
Hyperliquid kSHIB
Paradex kSHIB-USD-PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP