Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: OKX against Kalshi+0.163%52s7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$490.494% of the position
Funding, last 7 days+0.142%+$14 on $10k
+Price spread, last 7 days−0.120%−$12 · spread now +0.163%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.152% dearer against Kalshi than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.012%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXKSHIBPERP | 0.000005948 | 0 | get 0.0000% / 8h | 4h 02m | $126K | $3.2M | 2x |
| Short | OKX SHIB-USDT-SWAP | 0.000005958 | 0.0100 | get 0.0100% / 8h | 2m 22s | $8.7M | $44.5M | 50x |
Kalshi KXKSHIBPERP
OKX SHIB-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.163% → +0.012%
- $15.15
- Slippage, 4 orders
- −$29.38
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$13.23
- Costs to cover
- 0.494%
- Break-even
- 11.4 days
Slippage from Kalshi: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago | 9.48 bp | 14.6 bp −$15 | 21.1 bp −$211 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.84 bp | 10.7 bp −$11 | 22.0 bp −$220 | 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 | −0.0016% | 1h | 0.000005944 | −0.072% | $128K | $1.6M | 50x | as long as short |
| Kalshi KXKSHIBPERPlong | 0.0000% | 8h | 0.000005948 | long leg | $126K | $3.2M | 2x | |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005954 | +0.101% | $562 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.542% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0070% | 8h | 0.000005960 | +0.197% | — | $2.3M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0086% | 1h | 0.000005960 | +0.197% | $50K | $59K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005961 | +0.214% | $155K | $644K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005960 | +0.195% | $40K | $301K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005958 | +0.163% | $12K | $6K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005965 | +0.281% | $30.4M | $128.6M | 75x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAPshort | +0.0100% | 8h | 0.000005958 | +0.163% | $8.7M | $44.5M | 50x | |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005959 | +0.180% | $7.0M | $7.4M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005957 | +0.146% | $28.6M | $20.3M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005958 | +0.163% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005965 | +0.281% | $11.3M | $17.3M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005962 | +0.230% | $23K | $8K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005965 | +0.281% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005963 | +0.247% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005956 | +0.129% | $505 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005962 | +0.230% | $406K | $580K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005966 | +0.298% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000005960 | +0.197% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005955 | +0.110% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0188% | 1h | 0.000005969 | +0.348% | $3.6M | $5.5M | 10x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0201% | 1h | 0.000005956 | +0.133% | $1.2M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000005000 | −15.942% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005956 | +0.129% | $830K | $929K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005948 | +0.002% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.5971% | 1h | 0.000005959 | +0.177% | $35K | $70K | 10x | as long as short |
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
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Hyperliquid kSHIB
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
dYdX SHIB-USD