Funding you earn now, next payment 06:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.005%
Price spread now: BingX against Lighter−0.034%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$520.518% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.034%, 7d avg −0.023%
=Together, before fees+0.010%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000SHIB | 0.000005959 | 0.0096 | pay 0.0012% / 1h | 28m 09s | $156K | $634K | 10x |
| Short | BingX 1000SHIB-USDC | 0.000005957 | 0.0070 | get 0.0070% / 8h | 2h 28m | — | $1.6M | — |
Lighter 1000SHIB
BingX 1000SHIB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter. 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
- −$5.46
- Price spread: −0.034% → −0.023%
- −$1.1
- Slippage, 4 orders
- −$41.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$58.33
- Costs to cover
- 0.518%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; BingX: live order book, 3 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 Lighter live order book, 2 min ago | 3.35 bp | 8.2 bp −$8 | 65.7 bp −$657 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 4.19 bp | 16.0 bp −$16 | 43.2 bp −$432 | 197.3 bp −$19.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SHIBUSD | −0.0598% | 1h | 0.000005953 | −0.105% | $1.1M | $1.1M | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0128% | 1h | 0.000005960 | +0.017% | $117K | $1.5M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005958 | −0.016% | $23K | $56K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005960 | +0.017% | $109K | $3.2M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005955 | −0.067% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005953 | −0.094% | $562 | — | 150x | 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-USDCshort | +0.0070% | 8h | 0.000005957 | −0.034% | — | $1.6M | — | |
| Lighter 1000SHIBlong | +0.0096% | 1h | 0.000005959 | long leg | $156K | $634K | 10x | |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005954 | −0.081% | $41K | $336K | 50x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Aster 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kSHIB | +0.0100% | 1h | 0.000005959 | 0.000% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005959 | 0.000% | $30.0M | $123.4M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005958 | −0.017% | $9.4M | $41.7M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005953 | −0.101% | $7.0M | $7.3M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005959 | 0.000% | $28.4M | $19.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005952 | −0.117% | $4.6M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005957 | −0.034% | $11.2M | $17.1M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005957 | −0.034% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005954 | −0.084% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005965 | +0.101% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005955 | −0.067% | $497 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005962 | +0.050% | $407K | $590K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005960 | +0.017% | $2.0M | $7.4M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000005959 | +0.004% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005951 | −0.129% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0168% | 1h | 0.000005964 | +0.084% | $3.6M | $5.3M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.093% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005975 | +0.269% | $896K | $917K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005954 | −0.091% | $1 | — | 20x | as long as short |
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
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
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP