SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Kalshi−0.151%7-day average +0.011% · 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−$79as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Kalshi Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 7 days+0.150%+$15 · spread now −0.151%, 7d avg +0.011%

Together, before fees+0.296%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.162% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.151% now, against its 7-day average of +0.011%). If the spread goes back, that is −$16 on $10k: about 5.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXKSHIBPERP	0.000005959	0	get 0.0000% / 8h	53m 41s	$36K	$3.6M	2x
Short	KuCoin SHIBUSDTM	0.000005950	0.0100	get 0.0100% / 8h	4h 53m	$4.7M	$3.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.151%Rate

Funding earned: $21
Price spread: −0.151% → +0.011%: −$16.2
Slippage, 4 orders: −$40.67
Fee Kalshi: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$57.87
Costs to cover: 0.627%
Break-even: 26.3 days

Slippage from Kalshi: live order book, 3 min ago; KuCoin: 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, 3 min ago	8.22 bp	13.2 bp −$13	21.9 bp −$219	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	3.35 bp	18.6 bp −$19	45.0 bp −$450	doesn't fit	doesn't fit

SHIB on 29 exchanges

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
Kalshi KXKSHIBPERPlong	0.0000%	8h	0.000005959	long leg	$36K	$3.6M	2x
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000005955	−0.067%	$562	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0016%	1h	0.000005963	+0.067%	$147K	$1.7M	50x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+1.359%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDC	+0.0070%	8h	0.000005951	−0.134%	—	$1.7M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0086%	1h	0.000005957	−0.034%	$51K	$50K	25x	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000005957	−0.034%	$168K	$616K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000005953	−0.107%	$43K	$283K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000005954	−0.084%	$12K	$5K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000005946	−0.224%	$30.8M	$129.2M	75x	as long as short

Show all 29 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000005950	−0.151%	$9.4M	$45.5M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000005948	−0.185%	$7.0M	$6.8M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000005950	−0.151%	$27.2M	$19.0M	300x	as long as short
KuCoin SHIBUSDTMshort	+0.0100%	8h	0.000005950	−0.151%	$4.7M	$3.3M	75x
Bitget SHIBUSDT	+0.0100%	8h	0.000005950	−0.151%	$11.4M	$17.7M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000005957	−0.034%	$6K	$2K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000005968	+0.151%	$2K	$25K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000005958	−0.017%	$503	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000005956	−0.050%	$408K	$488K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000005955	−0.067%	$2.1M	$7.7M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0102%	8h	0.000005948	−0.191%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000005948	−0.181%	$53K	$4K	25x	as long as short
Kraken Futures PF_SHIBUSD	+0.0209%	1h	0.000005961	+0.026%	$1.2M	$1.0M	50x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0211% / S −0.2404%	1h	0.000005000	−16.093%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000005965	+0.101%	$913K	$877K	50x	as long as short
Hyperliquid kSHIB	+0.0283%	1h	0.000005962	+0.050%	$3.6M	$5.2M	10x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000005956	−0.052%	$1	—	20x	as long as short
Backpack kSHIB_USDC_PERP	+0.0334%	1h	0.000005958	−0.017%	$23K	$9K	15x	as long as short
dYdX SHIB-USD	+1.1422%	1h	0.000005948	−0.178%	$31K	$52K	10x	as long as short