Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.030%
Price spread now: Lighter against Coinbase International+0.217%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$540.536% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now +0.217%, 7d avg +0.010%
=Together, before fees+0.064%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.207% dearer against Coinbase International than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000SHIB-PERP-INTX | 0.000005985 | −0.0024 | get 0.0003% / 1h | 22m 06s | $130K | $1.7M | 50x |
| Short | Lighter 1000SHIB | 0.000005998 | 0.0096 | get 0.0012% / 1h | 22m 06s | $156K | $643K | 10x |
Coinbase International 1000SHIB-PERP-INTX
Lighter 1000SHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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: +0.217% → +0.010%
- $20.71
- Slippage, 4 orders
- −$43.62
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$7.71
- Costs to cover
- 0.536%
- Break-even
- 9.1 days
Slippage from Coinbase International: live order book, 2 min ago; Lighter: live order book, 58 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 Coinbase International live order book, 2 min ago | 12.55 bp | 17.5 bp −$18 | 21.6 bp −$216 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 58 min ago | 3.34 bp | 13.6 bp −$14 | 72.0 bp −$720 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTXlong | −0.0024% | 1h | 0.000005985 | long leg | $130K | $1.7M | 50x | |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005982 | −0.045% | $155K | $3.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005993 | +0.140% | $566 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.919% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000005997 | +0.201% | — | $1.6M | — | as long as short |
| Gate SHIB_USDT | +0.0080% | 8h | 0.000005994 | +0.150% | $7.1M | $7.0M | 75x | as long as short |
| Lighter 1000SHIBshort | +0.0096% | 1h | 0.000005998 | +0.217% | $156K | $643K | 10x | |
| Kraken Futures PF_SHIBUSD | +0.0099% | 1h | 0.000005994 | +0.145% | $1.2M | $1.0M | 50x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005991 | +0.108% | $41K | $298K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005993 | +0.134% | $12K | $6K | 10x | as long as short |
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Gate SHIB_USDT
Kraken Futures PF_SHIBUSD
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 | 0.000005998 | +0.217% | $30.6M | $128.3M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005998 | +0.217% | $8.9M | $45.2M | 50x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005996 | +0.184% | $28.3M | $20.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005993 | +0.134% | $4.6M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005997 | +0.201% | $11.4M | $17.3M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006000 | +0.251% | $23K | $9K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005995 | +0.167% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006003 | +0.301% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005995 | +0.167% | $512 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005992 | +0.117% | $413K | $569K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006000 | +0.251% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000005996 | +0.190% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005991 | +0.104% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0112% | 1h | 0.000006005 | +0.334% | $3.6M | $5.5M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000005000 | −16.458% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005974 | −0.184% | $853K | $930K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0250% | 1h | 0.000005998 | +0.217% | $53K | $55K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005991 | +0.098% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.9418% | 1h | 0.000005989 | +0.066% | $31K | $87K | 10x | as long as short |
Binance 1000SHIBUSDT
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
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP
dYdX SHIB-USD