Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.006%
Price spread now: BingX against MEXC−0.050%7-day average −0.033% · 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−$40as in the Price arb table
costs, in and out, $10k−$390.385% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 7 days+0.018%+$2 · spread now −0.050%, 7d avg −0.033%
=The price spread sits at its 7-day average of −0.033%, 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 | MEXC SHIB_USDT | 0.000006027 | 0.0100 | pay 0.0100% / 8h | 4h 15m | $30.1M | $17.8M | 300x |
| Short | BingX 1000SHIB-USDC | 0.000006024 | 0.0080 | get 0.0080% / 8h | 4h 15m | — | $1.6M | — |
MEXC SHIB_USDT
BingX 1000SHIB-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- −$4.2
- Price spread: −0.050% → −0.033%
- −$1.66
- Slippage, 4 orders
- −$28.5
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$44.37
- Costs to cover
- 0.385%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; BingX: 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 MEXC live order book, 3 min ago | 0.83 bp | 4.7 bp −$5 | 9.5 bp −$95 | 51.5 bp −$5,149 | 84.2 bp −$42.1K |
| Sell BingX live order book, 2 min ago | 2.49 bp | 13.8 bp −$14 | 37.5 bp −$375 | 195.3 bp −$19.5K | 916.6 bp −$458.3K |
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 | −0.0349% | 1h | 0.000006028 | +0.017% | $1.1M | $934K | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0088% | 1h | 0.000006025 | −0.033% | $125K | $1.1M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006026 | −0.019% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006023 | −0.070% | $190K | $2.3M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006027 | 0.000% | $46K | $58K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006026 | −0.017% | $569 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.216% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDCshort | +0.0080% | 8h | 0.000006024 | −0.050% | — | $1.6M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006030 | +0.050% | $160K | $608K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006030 | +0.045% | $41K | $321K | 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
Lighter 1000SHIB
Aster 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kSHIB | +0.0100% | 1h | 0.000006028 | +0.017% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006029 | +0.036% | $29.7M | $104.9M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006023 | −0.066% | $9.5M | $37.0M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006024 | −0.050% | $7.0M | $5.9M | 75x | as long as short |
| MEXC SHIB_USDTlong | +0.0100% | 8h | 0.000006027 | long leg | $30.1M | $17.8M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006030 | +0.050% | $4.8M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006029 | +0.033% | $11.6M | $14.6M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006027 | 0.000% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006039 | +0.199% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006029 | +0.033% | $480 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006028 | +0.017% | $411K | $555K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006027 | 0.000% | $2.1M | $6.9M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006027 | −0.006% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0117% | 8h | 0.000006033 | +0.094% | $7K | $13 | 20x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0129% | 1h | 0.000006025 | −0.033% | $23K | $7K | 15x | as long as short |
| Hyperliquid kSHIB | +0.0130% | 1h | 0.000006039 | +0.199% | $3.6M | $4.8M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.448% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006035 | +0.133% | $877K | $895K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006023 | −0.066% | $1 | — | 20x | as long as short |
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Backpack kSHIB_USDC_PERP
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP