Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Binance against Kalshi+0.311%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 3 days (all we have)−0.378%−$38 · spread now +0.311%, 7d avg +0.077%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.234% dearer against Kalshi than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.077%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXKSHIBPERP | 0.000006085 | 0 | get 0.0000% / 8h | 5h 44m | $95K | $1.8M | 2x |
| Short | Binance 1000SHIBUSDT | 0.000006104 | 0.0100 | get 0.0100% / 8h | 1h 44m | $29.8M | $90.3M | 75x |
Kalshi KXKSHIBPERP
Binance 1000SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kalshi. 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
- $21
- Price spread: +0.311% → +0.077%
- $23.41
- Slippage, 4 orders
- −$20.99
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $3.42
- Costs to cover
- 0.410%
- Break-even
- 5.9 days
Slippage from Kalshi: live order book, 4 min ago; Binance: live order book, 13 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 Kalshi live order book, 4 min ago | 5.95 bp | 12.8 bp −$13 | 20.0 bp −$200 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 1.67 bp | 8.5 bp −$8 | 17.5 bp −$175 | 65.2 bp −$6,516 | 172.6 bp −$86.3K |
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 | 0.000006105 | +0.335% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERPlong | 0.0000% | 8h | 0.000006085 | long leg | $95K | $1.8M | 2x | |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006101 | +0.258% | $742 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0008% | 1h | 0.000006102 | +0.283% | $85K | $805K | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0068% | 8h | 0.000006106 | +0.348% | — | $2.1M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006105 | +0.332% | $155K | $287K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006107 | +0.365% | $36K | $169K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006107 | +0.365% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDTshort | +0.0100% | 8h | 0.000006104 | +0.311% | $29.8M | $90.3M | 75x | |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006112 | +0.447% | $8.9M | $30.9M | 50x | as long as short |
dYdX SHIB-USD
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDT
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
OKX SHIB-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006108 | +0.381% | $7.0M | $5.4M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006110 | +0.414% | $32.0M | $15.6M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006104 | +0.316% | $5.0M | $2.4M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006107 | +0.365% | $11.8M | $12.6M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006107 | +0.365% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006117 | +0.529% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006108 | +0.381% | $545 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006109 | +0.398% | $412K | $633K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006100 | +0.250% | $2.2M | $5.5M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006108 | +0.387% | $54K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0104% | 8h | 0.000006101 | +0.266% | $7K | — | 20x | as long as short |
| Injective SHIB/USDC PERP | +0.0141% | 1h | 0.000005975 | −1.804% | $245 | $99K | 5.5x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0186% | 1h | 0.000006107 | +0.365% | $25K | $5K | 15x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.394% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006109 | +0.398% | $708K | $957K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006099 | +0.237% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0354% | 1h | 0.000006110 | +0.411% | $1.2M | $772K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0405% | 1h | 0.000006110 | +0.414% | $47K | $65K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0970% | 1h | 0.000006115 | +0.496% | $4.4M | $3.9M | 10x | as long as short |
Gate SHIB_USDT
MEXC 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
Injective SHIB/USDC PERP
Backpack kSHIB_USDC_PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Deribit 1000SHIB_USDC-PERPETUAL
Hyperliquid kSHIB