SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.80 per $10,000 · paid last 24h +0.024%

Price spread now: BingX against Kalshi−0.200%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$520.523% of the position

Long on Kalshi Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now −0.200%, 7d avg +0.019%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.218% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.200% now, against its 7-day average of +0.019%). If the spread goes back, that is −$22 on $10k: about 9.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.001% in total) that is about years.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXKSHIBPERP	0.000006113	0	get 0.0000% / 8h	4h 44m	$73K	$1.9M	2x
Short	BingX 1000SHIB-USDC	0.000006101	0.0080	get 0.0080% / 8h	44m 36s	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kalshi. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KalshibpFee BingXbpOrdersPrice spread, now −0.200%Rate

Funding earned: $16.8
Price spread: −0.200% → +0.019%: −$21.81
Slippage, 4 orders: −$32.35
Fee Kalshi: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$57.35
Costs to cover: 0.523%
Break-even: 30.9 days

Slippage from Kalshi: live order book, 4 min ago; BingX: 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 Kalshi live order book, 4 min ago	5.59 bp	13.1 bp −$13	22.1 bp −$221	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	4.09 bp	14.3 bp −$14	39.8 bp −$398	245.4 bp −$24.5K	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
dYdX SHIB-USD	0.0000%	1h	0.000006105	−0.131%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERPlong	0.0000%	8h	0.000006113	long leg	$73K	$1.9M	2x
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006109	−0.061%	$743	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0032%	1h	0.000006113	−0.003%	$81K	$791K	50x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0077%	1h	0.000006111	−0.036%	$47K	$65K	25x	as long as short
BingX 1000SHIB-USDCshort	+0.0080%	8h	0.000006101	−0.200%	—	$1.6M	—
Lighter 1000SHIB	+0.0096%	1h	0.000006107	−0.101%	$154K	$290K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006103	−0.174%	$35K	$175K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006105	−0.134%	$12K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006106	−0.112%	$30.0M	$94.8M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006107	−0.101%	$8.8M	$32.6M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006101	−0.200%	$7.0M	$5.6M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006100	−0.216%	$30.6M	$16.2M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006101	−0.200%	$4.9M	$2.5M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006099	−0.232%	$11.6M	$13.3M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006110	−0.052%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006120	+0.111%	$2K	$23K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006112	−0.020%	$539	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006112	−0.020%	$418K	$615K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006110	−0.052%	$2.1M	$5.9M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0102%	8h	0.000006098	−0.253%	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006101	−0.205%	$54K	$4K	25x	as long as short
Injective SHIB/USDC PERP	+0.0161%	1h	0.000006040	−1.197%	$248	$134K	5.5x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−1.852%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006109	−0.069%	$817K	$955K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006109	−0.061%	$1	—	20x	as long as short
Backpack kSHIB_USDC_PERP	+0.0333%	1h	0.000006110	−0.052%	$25K	$6K	15x	as long as short
Kraken Futures PF_SHIBUSD	+0.0377%	1h	0.000006113	0.000%	$1.2M	$804K	50x	as long as short
Hyperliquid kSHIB	+0.0707%	1h	0.000006113	−0.003%	$4.4M	$4.0M	10x	as long as short