Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: OKX against Lighter−0.117%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$410.405% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.117%, 7d avg −0.023%
=Together, before fees+0.193%+ Points / potential airdropLighter: Season 3 · farm board+$19 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: OKX is 0.094% cheaper against Lighter than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000SHIB | 0.000005958 | 0.0096 | pay 0.0012% / 1h | 39m 31s | $160K | $604K | 10x |
| Short | OKX SHIB-USDT-SWAP | 0.000005951 | 0.0100 | get 0.0100% / 8h | 4h 39m | $9.2M | $36.2M | 50x |
Lighter 1000SHIB
OKX SHIB-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.117% → −0.023%
- −$9.44
- Slippage, 4 orders
- −$30.53
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$49.13
- Costs to cover
- 0.405%
- Break-even
- 416.4 days
Slippage from Lighter: live order book, 66 min ago; OKX: live order book, 4 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, 66 min ago | 1.67 bp | 8.0 bp −$8 | 60.8 bp −$608 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.84 bp | 11.7 bp −$12 | 26.7 bp −$267 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SHIBUSD | −0.0354% | 1h | 0.000005954 | −0.060% | $1.1M | $929K | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0088% | 1h | 0.000005921 | −0.621% | $124K | $1.1M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005950 | −0.135% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005960 | +0.027% | $191K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005955 | −0.045% | $562 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.376% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000005950 | −0.134% | — | $2.1M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0086% | 1h | 0.000005960 | +0.034% | $46K | $61K | 25x | as long as short |
| Lighter 1000SHIBlong | +0.0096% | 1h | 0.000005958 | long leg | $160K | $604K | 10x | |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000005962 | +0.067% | $3.6M | $4.8M | 10x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Hyperliquid kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005952 | −0.093% | $40K | $321K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005955 | −0.050% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005953 | −0.084% | $29.2M | $103.5M | 75x | as long as short |
| OKX SHIB-USDT-SWAPshort | +0.0100% | 8h | 0.000005951 | −0.117% | $9.2M | $36.2M | 50x | |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005949 | −0.151% | $6.9M | $5.9M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005951 | −0.117% | $29.8M | $17.7M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005951 | −0.117% | $4.8M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005949 | −0.151% | $11.3M | $14.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005956 | −0.034% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005959 | +0.017% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005977 | +0.319% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005955 | −0.050% | $485 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005957 | −0.017% | $407K | $566K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005960 | +0.034% | $2.1M | $6.8M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005944 | −0.231% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0111% | 8h | 0.000005950 | −0.139% | $7K | $13 | 20x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.079% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005949 | −0.151% | $869K | $886K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005959 | +0.012% | $1 | — | 20x | as long as short |
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDT
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
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP