Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.20 per $10,000 · paid last 24h −0.020%
Price spread now: BingX against OKX−0.101%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$370.370% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.101% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SHIB-USDT-SWAP | 0.000005956 | 0.0100 | pay 0.0100% / 8h | 6h 42m | $9.0M | $35.2M | 50x |
| Short | BingX 1000SHIB-USDT | 0.000005950 | 0.0080 | get 0.0080% / 8h | 6h 42m | — | $2.1M | — |
OKX SHIB-USDT-SWAP
BingX 1000SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. 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: −0.101% → 0.000%
- −$10.07
- Slippage, 4 orders
- −$17
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$51.27
- Costs to cover
- 0.370%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; BingX: live order book, 6 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 OKX live order book, 1 min ago | 0.83 bp | 10.1 bp −$10 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 1.66 bp | 9.5 bp −$9 | 16.6 bp −$166 | 57.0 bp −$5,701 | 123.5 bp −$61.7K |
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 | 0.000005954 | −0.032% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005965 | +0.144% | $188K | $2.3M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005948 | −0.134% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005946 | −0.175% | $723 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.410% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0072% | 1h | 0.000006019 | +1.058% | $156K | $987K | 50x | as long as short |
| BingX 1000SHIB-USDTshort | +0.0080% | 8h | 0.000005950 | −0.101% | — | $2.1M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005949 | −0.118% | $164K | $583K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005953 | −0.043% | $39K | $183K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005951 | −0.084% | $29.1M | $101.3M | 75x | 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
Lighter 1000SHIB
Aster 1000SHIBUSDT
Binance 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAPlong | +0.0100% | 8h | 0.000005956 | long leg | $9.0M | $35.2M | 50x | |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005945 | −0.185% | $6.9M | $5.6M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005950 | −0.101% | $30.6M | $17.4M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005948 | −0.134% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005952 | −0.067% | $11.2M | $14.3M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005953 | −0.050% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005949 | −0.118% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005956 | 0.000% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005949 | −0.118% | $523 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005948 | −0.134% | $409K | $605K | 75x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005947 | −0.159% | $53K | $4K | 25x | as long as short |
| Phemex u1000SHIBUSDT | +0.0110% | 8h | 0.000005950 | −0.101% | $2.1M | $6.5M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0126% | 8h | 0.000005960 | +0.061% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0183% | 1h | 0.000005957 | +0.017% | $12K | $4K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.051% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006010 | +0.907% | $871K | $935K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0262% | 1h | 0.000005956 | 0.000% | $3.7M | $4.6M | 10x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005952 | −0.061% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0766% | 1h | 0.000005943 | −0.222% | $1.1M | $851K | 50x | as long as short |
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
Extended 1000SHIB-USD
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Hyperliquid kSHIB
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD