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: Kalshi against KuCoin+0.092%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$700.702% of the position
Funding, last 7 days−0.147%−$15 on $10k
+Price spread, last 7 days−0.132%−$13 · spread now +0.092%, 7d avg −0.011%
=The price spread pays, funding is against you. Kalshi is 0.103% dearer against KuCoin than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of −0.011%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SHIBUSDTM | 0.000006075 | 0.0100 | pay 0.0100% / 8h | 6h 05m | $4.8M | $3.2M | 75x |
| Short | Kalshi KXKSHIBPERP | 0.000006081 | 0 | get 0.0000% / 8h | 2h 05m | $80K | $3.5M | 2x |
KuCoin SHIBUSDTM
Kalshi KXKSHIBPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against KuCoin. 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: +0.092% → −0.011%
- $10.34
- Slippage, 4 orders
- −$48.23
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$80.89
- Costs to cover
- 0.702%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Kalshi: 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 KuCoin live order book, 1 min ago | 2.47 bp | 23.5 bp −$24 | 57.3 bp −$573 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 1 min ago | 9.46 bp | 14.5 bp −$14 | 20.9 bp −$209 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTX | −0.0080% | 1h | 0.000006068 | −0.115% | $131K | $1.7M | 50x | as long as short |
| Kalshi KXKSHIBPERPshort | 0.0000% | 8h | 0.000006081 | +0.092% | $80K | $3.5M | 2x | |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006074 | −0.016% | $45K | $50K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006079 | +0.061% | $573 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −0.576% | $248 | $134K | 5.5x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0036% | 1h | 0.000006072 | −0.048% | $1.2M | $1.0M | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0070% | 8h | 0.000006077 | +0.033% | — | $2.2M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006077 | +0.033% | $157K | $625K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006079 | +0.065% | $41K | $277K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006088 | +0.214% | $12K | $5K | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Kraken Futures PF_SHIBUSD
BingX 1000SHIB-USDT
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIBShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006074 | −0.023% | $31.4M | $128.6M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006073 | −0.033% | $9.7M | $46.5M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006071 | −0.066% | $7.1M | $6.9M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006076 | +0.016% | $28.1M | $20.3M | 300x | as long as short |
| KuCoin SHIBUSDTMlong | +0.0100% | 8h | 0.000006075 | long leg | $4.8M | $3.2M | 75x | |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006073 | −0.033% | $11.4M | $17.6M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006077 | +0.033% | $7K | $2K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006098 | +0.379% | $2K | $25K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006072 | −0.049% | $526 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006075 | 0.000% | $417K | $479K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006080 | +0.082% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006087 | +0.199% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006069 | −0.102% | $54K | $4K | 25x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0108% | 1h | 0.000006076 | +0.016% | $24K | $9K | 15x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | −1.235% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006072 | −0.049% | $930K | $914K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006070 | −0.090% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0409% | 1h | 0.000006081 | +0.099% | $3.7M | $5.2M | 10x | as long as short |
| dYdX SHIB-USD | +0.7334% | 1h | 0.000006069 | −0.106% | $32K | $70K | 10x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Backpack kSHIB_USDC_PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
dYdX SHIB-USD