Funding you earn now, next payment 16:00 UTC+0.0110%/8h= +12.0% APRnext payment +$1.10 per $10,000 · paid last 24h +0.006%
Price spread now: OKX against Gate−0.017%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$510.508% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 7 days+0.085%+$8 · spread now −0.017%, 7d avg +0.017%
=Funding pays, the price is against you. OKX is 0.034% cheaper against Gate than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.017%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.024% in total) that is about 9.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SHIB_USDT | 0.000005928 | −0.0010 | get 0.0010% / 8h | 7h 32m | $7.0M | $7.0M | 75x |
| Short | OKX SHIB-USDT-SWAP | 0.000005927 | 0.0100 | get 0.0100% / 8h | 7h 32m | $8.8M | $44.5M | 50x |
Gate SHIB_USDT
OKX SHIB-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $23.1
- Price spread: −0.017% → +0.017%
- −$3.39
- Slippage, 4 orders
- −$25.75
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$31.04
- Costs to cover
- 0.508%
- Break-even
- 16.4 days
Slippage from Gate: live order book, 1 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 Gate live order book, 1 min ago | 2.52 bp | 15.2 bp −$15 | 32.8 bp −$328 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.84 bp | 9.2 bp −$9 | 26.0 bp −$260 | 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-INTX | −0.0024% | 1h | 0.000005980 | +0.877% | $129K | $1.7M | 50x | as long as short |
| Gate SHIB_USDTlong | −0.0010% | 8h | 0.000005928 | long leg | $7.0M | $7.0M | 75x | |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005945 | +0.285% | $144K | $3.2M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005934 | +0.101% | $50K | $55K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005934 | +0.110% | $560 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.889% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000005930 | +0.034% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005937 | +0.152% | $154K | $642K | 10x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000005939 | +0.186% | $3.6M | $5.5M | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005939 | +0.186% | $40K | $298K | 50x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Lighter 1000SHIB
Hyperliquid kSHIB
Aster 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kSHIB | +0.0100% | 1h | 0.000005948 | +0.337% | $12K | $6K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005936 | +0.138% | $30.3M | $128.2M | 75x | as long as short |
| OKX SHIB-USDT-SWAPshort | +0.0100% | 8h | 0.000005927 | −0.017% | $8.8M | $44.5M | 50x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005930 | +0.034% | $28.3M | $20.1M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005928 | 0.000% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005930 | +0.034% | $11.3M | $17.2M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005930 | +0.034% | $23K | $9K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005937 | +0.152% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005944 | +0.270% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005935 | +0.118% | $503 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005942 | +0.236% | $409K | $566K | 75x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0100% | 1h | 0.000005934 | +0.099% | $1.1M | $1.0M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000005948 | +0.340% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005929 | +0.025% | $53K | $4K | 25x | as long as short |
| Phemex u1000SHIBUSDT | +0.0211% | 8h | 0.000005936 | +0.135% | $2.1M | $7.7M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000005000 | −15.655% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005943 | +0.253% | $844K | $925K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005933 | +0.089% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +1.0630% | 1h | 0.000005945 | +0.288% | $23K | $82K | 10x | as long as short |
Pacifica kSHIB
Binance 1000SHIBUSDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Kraken Futures PF_SHIBUSD
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Phemex u1000SHIBUSDT
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
dYdX SHIB-USD