Funding you earn now, next payment 16:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Bitget−0.251%75s7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$430.429% of the position
Funding, last 7 days+0.284%+$28 on $10k
+Price spread, last 4 days (all we have)+0.196%+$20 · spread now −0.251%, 7d avg −0.025%
=Funding pays, the price is against you. BloFin is 0.225% cheaper against Bitget than usual: you would sell low and buy high (spread −0.251% now, against its 7-day average of −0.025%). If the spread goes back, that is −$23 on $10k: about 6.3 days of funding at the current rate (+$4 a day). The two prices were read 75 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 | Bitget SHIBUSDT | 0.000005982 | 0.0100 | pay 0.0100% / 8h | 7h 38m | $11.4M | $17.2M | 75x |
| Short | BloFin SHIB-USDT | 0.000005967 | 0.0220 | get 0.0220% / 8h | 7h 38m | $849K | $929K | 50x |
Bitget SHIBUSDT
BloFin SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bitget. 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
- $25.2
- Price spread: −0.251% → −0.025%
- −$22.53
- Slippage, 4 orders
- −$18.87
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$40.19
- Costs to cover
- 0.429%
- Break-even
- 18.2 days
Slippage from Bitget: live order book, 1 min ago; BloFin: live order book, 39 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 Bitget live order book, 1 min ago | 0.84 bp | 9.5 bp −$9 | 11.3 bp −$113 | 48.8 bp −$4,878 | doesn't fit |
| Sell BloFin live order book, 39 min ago | 1.67 bp | 13.2 bp −$13 | 22.1 bp −$221 | 89.8 bp −$8,977 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTX | −0.0024% | 1h | 0.000005980 | −0.033% | $129K | $1.7M | 50x | as long as short |
| BingX 1000SHIB-USDT | −0.0014% | 8h | 0.000005980 | −0.033% | — | $2.3M | — | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005974 | −0.127% | $144K | $3.2M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005975 | −0.122% | $564 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.970% | $248 | $134K | 5.5x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005981 | −0.017% | $156K | $642K | 10x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0100% | 1h | 0.000005977 | −0.091% | $1.2M | $1.0M | 50x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000005990 | +0.134% | $3.6M | $5.5M | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005982 | −0.002% | $41K | $297K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005967 | −0.251% | $12K | $6K | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDT
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Lighter 1000SHIB
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB
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 | 0.000005984 | +0.033% | $30.5M | $128.3M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005978 | −0.067% | $8.9M | $44.9M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005976 | −0.100% | $7.0M | $7.0M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005976 | −0.100% | $28.6M | $20.0M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005975 | −0.117% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDTlong | +0.0100% | 8h | 0.000005982 | long leg | $11.4M | $17.2M | 75x | |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005984 | +0.033% | $23K | $8K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005976 | −0.100% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005987 | +0.084% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005977 | −0.084% | $511 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005971 | −0.184% | $412K | $567K | 75x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000005968 | −0.236% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005977 | −0.080% | $53K | $4K | 25x | as long as short |
| Phemex u1000SHIBUSDT | +0.0178% | 8h | 0.000005982 | 0.000% | $2.1M | $7.7M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000005000 | −16.416% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTshort | +0.0220% | 8h | 0.000005967 | −0.251% | $849K | $929K | 50x | |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0252% | 1h | 0.000005980 | −0.033% | $50K | $59K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005973 | −0.149% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.9730% | 1h | 0.000005967 | −0.251% | $23K | $82K | 10x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Phemex u1000SHIBUSDT
GMX SHIB/USD [ETH-USDC]
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP
dYdX SHIB-USD