Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: MEXC against Lighter−0.148%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$240.236% of the position
Funding, last 7 days+0.113%+$11 on $10k
+Price spread, last 5 days (all we have)+0.258%+$26 · spread now −0.148%, 7d avg −0.027%
=Together, before fees+0.371%+ Points / potential airdropLighter: Season 3 · farm board+$37 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.121% cheaper against Lighter than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000SHIB | 0.000006067 | 0.0096 | pay 0.0012% / 1h | 9m 26s | $334K | $691K | 10x |
| Short | MEXC SHIB_USDT | 0.000006058 | 0.0100 | get 0.0100% / 8h | 3h 09m | $25.4M | $11.9M | 300x |
Lighter 1000SHIB
MEXC SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $0.84
- Price spread: −0.148% → −0.027%
- −$12.12
- Slippage, 4 orders
- −$23.6
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$34.88
- Costs to cover
- 0.236%
- Break-even
- 297.7 days
Slippage from Lighter: live order book, 44 min ago; MEXC: 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 Lighter live order book, 44 min ago | 1.65 bp | 9.4 bp −$9 | 55.4 bp −$554 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.82 bp | 2.3 bp −$2 | 8.1 bp −$81 | 51.3 bp −$5,134 | 86.6 bp −$43.3K |
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 | −0.0136% | 1h | 0.000006080 | +0.214% | $126K | $1.9M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006062 | −0.079% | $185K | $3.0M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006060 | −0.115% | $572 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000005991 | −1.253% | $246 | $104K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0070% | 8h | 0.000006059 | −0.132% | — | $2.4M | — | as long as short |
| Lighter 1000SHIBlong | +0.0096% | 1h | 0.000006067 | long leg | $334K | $691K | 10x | |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006060 | −0.115% | $43K | $238K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006060 | −0.118% | $32.2M | $103.6M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006056 | −0.181% | $8.4M | $40.3M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006059 | −0.132% | $7.2M | $5.2M | 75x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Aster 1000SHIBUSDT
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC SHIB_USDTshort | +0.0100% | 8h | 0.000006058 | −0.148% | $25.4M | $11.9M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006059 | −0.132% | $5.0M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006057 | −0.165% | $11.6M | $15.1M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006065 | −0.033% | $25K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006062 | −0.082% | $7K | — | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006071 | +0.066% | $2K | $17K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006063 | −0.066% | $571 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006058 | −0.148% | $406K | $341K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006070 | +0.049% | $2.0M | $7.0M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000006060 | −0.124% | $7K | $16 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006056 | −0.181% | $54K | — | 25x | as long as short |
| Pacifica kSHIB | +0.0129% | 1h | 0.000006063 | −0.066% | $12K | $3K | 10x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0129% | 1h | 0.000006064 | −0.047% | $1.2M | $957K | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0211% / S −0.2404% | 1h | 0.000006000 | −1.104% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006057 | −0.165% | $842K | $682K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0245% | 1h | 0.000006066 | −0.016% | $65K | $45K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006059 | −0.136% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0609% | 1h | 0.000006068 | +0.016% | $3.6M | $3.0M | 10x | as long as short |
| dYdX SHIB-USD | +0.9029% | 1h | 0.000006064 | −0.057% | $32K | $41K | 10x | as long as short |
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
Pacifica kSHIB
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
dYdX SHIB-USD