Funding you earn now, next payment 07:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.032%
Price spread now: OKX against Coinbase International+0.033%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$520.523% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now +0.033%, 7d avg −0.013%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.047% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000SHIB-PERP-INTX | 0.000005997 | −0.0016 | get 0.0002% / 1h | 51m 51s | $116K | $1.6M | 50x |
| Short | OKX SHIB-USDT-SWAP | 0.000005999 | 0.0100 | get 0.0100% / 8h | 51m 51s | $9.2M | $43.2M | 50x |
Coinbase International 1000SHIB-PERP-INTX
OKX SHIB-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $24.36
- Price spread: +0.033% → −0.013%
- $4.68
- Slippage, 4 orders
- −$32.34
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$23.3
- Costs to cover
- 0.523%
- Break-even
- 13.7 days
Slippage from Coinbase International: live order book, 2 min ago; OKX: live order book, 2 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 | 9.18 bp | 17.4 bp −$17 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.83 bp | 11.1 bp −$11 | 25.7 bp −$257 | 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 | −0.0016% | 1h | 0.000005997 | long leg | $116K | $1.6M | 50x | |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005999 | +0.033% | $23K | $57K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006002 | +0.087% | $105K | $3.2M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006002 | +0.077% | $566 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.717% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000005999 | +0.033% | — | $1.6M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0083% | 1h | 0.000006005 | +0.133% | $47K | $55K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006009 | +0.200% | $156K | $640K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006010 | +0.220% | $41K | $331K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006000 | +0.050% | $12K | $5K | 10x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Deribit 1000SHIB_USDC-PERPETUAL
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 | 0.000006006 | +0.144% | $30.1M | $126.8M | 75x | as long as short |
| OKX SHIB-USDT-SWAPshort | +0.0100% | 8h | 0.000005999 | +0.033% | $9.2M | $43.2M | 50x | |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006003 | +0.100% | $7.0M | $7.2M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006001 | +0.067% | $27.9M | $19.7M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005996 | −0.017% | $4.6M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006003 | +0.100% | $11.3M | $17.1M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006010 | +0.217% | $23K | $8K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006006 | +0.150% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006017 | +0.334% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006005 | +0.133% | $501 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006004 | +0.117% | $409K | $575K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006004 | +0.117% | $2.1M | $7.6M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006000 | +0.057% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0104% | 8h | 0.000005997 | +0.007% | $7K | $13 | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0200% | 1h | 0.000006002 | +0.087% | $1.1M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | +0.050% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005993 | −0.067% | $860K | $933K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0275% | 1h | 0.000006017 | +0.334% | $3.6M | $5.4M | 10x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006000 | +0.054% | $1 | — | 20x | as long as short |
Binance 1000SHIBUSDT
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
Paradex kSHIB-USD-PERP
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Hyperliquid kSHIB
Reya kSHIBRUSDPERP