Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against MEXC+0.017%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$300.296% of the position
Funding, last 7 days+0.240%+$24 on $10k
+Price spread, last 3 days (all we have)−0.028%−$3 · spread now +0.017%, 7d avg −0.005%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.022% dearer against MEXC than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SHIB_USDT | 0.000006009 | 0.0100 | pay 0.0100% / 8h | 7h 01m | $31.1M | $17.1M | 300x |
| Short | BloFin SHIB-USDT | 0.000006010 | 0.0220 | get 0.0220% / 8h | 7h 01m | $865K | $936K | 50x |
MEXC SHIB_USDT
BloFin SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: +0.017% → −0.005%
- $2.16
- Slippage, 4 orders
- −$17.63
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$2.27
- Costs to cover
- 0.296%
- Break-even
- 7.6 days
Slippage from MEXC: live order book, 3 min ago; BloFin: live order book, 21 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 | 5.2 bp −$5 | 8.9 bp −$89 | 51.0 bp −$5,103 | 77.5 bp −$38.8K |
| Sell BloFin live order book, 21 min ago | 1.65 bp | 11.6 bp −$12 | 17.6 bp −$176 | 78.7 bp −$7,866 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006018 | +0.149% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006013 | +0.062% | $205K | $2.3M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006005 | −0.067% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006004 | −0.087% | $730 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.516% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0064% | 1h | 0.000006072 | +1.048% | $85K | $853K | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006005 | −0.067% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006010 | +0.017% | $237K | $470K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006012 | +0.050% | $37K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006022 | +0.216% | $12K | $4K | 10x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006004 | −0.084% | $29.4M | $99.2M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006006 | −0.050% | $9.1M | $34.8M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006005 | −0.067% | $7.0M | $5.7M | 75x | as long as short |
| MEXC SHIB_USDTlong | +0.0100% | 8h | 0.000006009 | long leg | $31.1M | $17.1M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006010 | +0.017% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006003 | −0.100% | $11.3M | $13.9M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006007 | −0.033% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006014 | +0.083% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006007 | −0.033% | $522 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006003 | −0.100% | $412K | $599K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006007 | −0.033% | $2.1M | $6.4M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006004 | −0.088% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0126% | 8h | 0.000006020 | +0.187% | $7K | $13 | 20x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0173% | 1h | 0.000006019 | +0.166% | $23K | $7K | 15x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.150% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTshort | +0.0220% | 8h | 0.000006010 | +0.017% | $865K | $936K | 50x | |
| Kraken Futures PF_SHIBUSD | +0.0261% | 1h | 0.000006004 | −0.091% | $1.1M | $826K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006008 | −0.012% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0719% | 1h | 0.000006025 | +0.266% | $4.4M | $4.0M | 10x | as long as short |
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
GMX SHIB/USD [ETH-USDC]
Kraken Futures PF_SHIBUSD
Reya kSHIBRUSDPERP
Hyperliquid kSHIB