Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.049%
Price spread now: Gate against BloFin−0.067%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$570.571% of the position
Funding, last 7 days−0.264%−$26 on $10k
+Price spread, last 3 days (all we have)+0.049%+$5 · spread now −0.067%, 7d avg −0.012%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.055% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SHIB-USDT | 0.000005958 | 0.0220 | pay 0.0220% / 8h | 2h 05m | $709K | $961K | 50x |
| Short | Gate SHIB_USDT | 0.000005954 | 0.0100 | get 0.0100% / 8h | 2h 05m | $6.8M | $5.4M | 75x |
BloFin SHIB-USDT
Gate SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BloFin. 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: −0.067% → −0.012%
- −$5.5
- Slippage, 4 orders
- −$30.11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$87.82
- Costs to cover
- 0.571%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 32 min ago; Gate: live order book, 3 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 BloFin live order book, 32 min ago | 2.53 bp | 11.6 bp −$12 | 20.4 bp −$204 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 1.68 bp | 16.4 bp −$16 | 30.7 bp −$307 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005959 | +0.010% | $58K | $1.7M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005960 | +0.034% | $725 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0016% | 1h | 0.000005959 | +0.017% | $89K | $755K | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0051% | 8h | 0.000005954 | −0.067% | — | $2.1M | — | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0056% | 1h | 0.000005958 | +0.007% | $1.1M | $764K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0086% | 1h | 0.000005963 | +0.084% | $46K | $65K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005959 | +0.017% | $152K | $286K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005961 | +0.042% | $35K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005961 | +0.050% | $11K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005960 | +0.031% | $29.0M | $88.6M | 75x | as long as short |
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDT
Kraken Futures PF_SHIBUSD
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
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 | 0.000005953 | −0.084% | $7.6M | $27.9M | 50x | as long as short |
| Gate SHIB_USDTshort | +0.0100% | 8h | 0.000005954 | −0.067% | $6.8M | $5.4M | 75x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005957 | −0.017% | $31.6M | $15.8M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005959 | +0.017% | $4.9M | $2.3M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005955 | −0.050% | $11.6M | $12.4M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005956 | −0.034% | $25K | $5K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005963 | +0.084% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005971 | +0.218% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005958 | 0.000% | $533 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005958 | 0.000% | $402K | $615K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005960 | +0.034% | $2.1M | $5.5M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0100% | 8h | 0.000005961 | +0.045% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005958 | −0.008% | $53K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0187% | 1h | 0.000005964 | +0.101% | $245 | $67K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.079% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTlong | +0.0220% | 8h | 0.000005958 | long leg | $709K | $961K | 50x | |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005958 | +0.008% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0683% | 1h | 0.000005966 | +0.134% | $4.3M | $3.7M | 10x | as long as short |
| dYdX SHIB-USD | +0.7341% | 1h | 0.000005958 | −0.005% | $23K | $64K | 10x | as long as short |
OKX SHIB-USDT-SWAP
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
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
dYdX SHIB-USD