Funding you earn now, next payment 00:00 UTC+0.0036%/8h= +3.9% APRpaid last 24h +0.024%
Price spread now: MEXC against Coinbase International+0.198%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$380.379% of the position
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 3 days (all we have)−0.165%−$16 · spread now +0.198%, 7d avg +0.005%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.193% dearer against Coinbase International than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000SHIB-PERP-INTX | 0.000006072 | 0.0064 | pay 0.0008% / 1h | 4m 54s | $85K | $854K | 50x |
| Short | MEXC SHIB_USDT | 0.000006084 | 0.0100 | get 0.0100% / 8h | 7h 04m | $31.7M | $17.0M | 300x |
Coinbase International 1000SHIB-PERP-INTX
MEXC SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $7.56
- Price spread: +0.198% → +0.005%
- $19.3
- Slippage, 4 orders
- −$27.91
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$11.06
- Costs to cover
- 0.379%
- Break-even
- 17.2 days
Slippage from Coinbase International: live order book, 3 min ago; MEXC: 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 Coinbase International live order book, 3 min ago | 9.04 bp | 14.0 bp −$14 | 20.8 bp −$208 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.82 bp | 5.6 bp −$6 | 9.7 bp −$97 | 49.5 bp −$4,948 | 76.7 bp −$38.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006080 | +0.132% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006080 | +0.127% | $208K | $2.3M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006078 | +0.099% | $47K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006077 | +0.077% | $739 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −0.527% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTXlong | +0.0064% | 1h | 0.000006072 | long leg | $85K | $854K | 50x | |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006079 | +0.115% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006085 | +0.214% | $240K | $469K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006081 | +0.150% | $37K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006085 | +0.214% | $12K | $4K | 10x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
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 | 0.000006075 | +0.046% | $29.8M | $98.9M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006079 | +0.115% | $9.3M | $35.1M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006075 | +0.049% | $7.0M | $5.7M | 75x | as long as short |
| MEXC SHIB_USDTshort | +0.0100% | 8h | 0.000006084 | +0.198% | $31.7M | $17.0M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006078 | +0.099% | $4.9M | $2.6M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006074 | +0.033% | $11.4M | $13.9M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006080 | +0.132% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006088 | +0.264% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006080 | +0.132% | $530 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006079 | +0.115% | $418K | $598K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006080 | +0.132% | $2.2M | $6.3M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006077 | +0.075% | $54K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0126% | 8h | 0.000006082 | +0.169% | $7K | $13 | 20x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0190% | 1h | 0.000006079 | +0.115% | $23K | $7K | 15x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.186% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006080 | +0.132% | $865K | $936K | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0258% | 1h | 0.000006080 | +0.124% | $1.2M | $826K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006078 | +0.100% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0731% | 1h | 0.000006090 | +0.296% | $4.4M | $4.0M | 10x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Backpack kSHIB_USDC_PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Kraken Futures PF_SHIBUSD
Reya kSHIBRUSDPERP
Hyperliquid kSHIB