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 OKX−0.166%103s7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.390% of the position
Funding, last 7 days+0.240%+$24 on $10k
+Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.166%, 7d avg −0.007%
=Funding pays, the price is against you. BloFin is 0.158% cheaper against OKX than usual: you would sell low and buy high (spread −0.166% now, against its 7-day average of −0.007%). If the spread goes back, that is −$16 on $10k: about 4.4 days of funding at the current rate (+$4 a day). The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SHIB-USDT-SWAP | 0.000006040 | 0.0100 | pay 0.0100% / 8h | 2h 01m | $9.2M | $43.3M | 50x |
| Short | BloFin SHIB-USDT | 0.000006030 | 0.0220 | get 0.0220% / 8h | 2h 01m | $862K | $932K | 50x |
OKX SHIB-USDT-SWAP
BloFin SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: −0.166% → −0.007%
- −$15.82
- Slippage, 4 orders
- −$17.01
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$29.63
- Costs to cover
- 0.390%
- Break-even
- 15.2 days
Slippage from OKX: live order book, 2 min ago; BloFin: live order book, 25 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, 2 min ago | 0.83 bp | 9.4 bp −$9 | 21.9 bp −$219 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 25 min ago | 0.84 bp | 10.3 bp −$10 | 20.6 bp −$206 | 69.2 bp −$6,919 | 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 | −0.0589% | 1h | 0.000006045 | +0.076% | $1.1M | $1.0M | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0128% | 1h | 0.000006050 | +0.166% | $123K | $1.6M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006041 | +0.014% | $24K | $56K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006043 | +0.056% | $115K | $3.2M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006045 | +0.084% | $571 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | 0.000% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0058% | 8h | 0.000006040 | 0.000% | — | $2.3M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006047 | +0.116% | $157K | $638K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006041 | +0.025% | $41K | $336K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006045 | +0.083% | $12K | $5K | 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
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 | 0.000006042 | +0.033% | $30.3M | $125.6M | 75x | as long as short |
| OKX SHIB-USDT-SWAPlong | +0.0100% | 8h | 0.000006040 | long leg | $9.2M | $43.3M | 50x | |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006038 | −0.033% | $7.1M | $7.4M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006039 | −0.017% | $28.6M | $19.4M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006046 | +0.099% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006045 | +0.083% | $11.4M | $17.2M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006049 | +0.149% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006047 | +0.116% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006058 | +0.298% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006047 | +0.116% | $514 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006046 | +0.099% | $412K | $573K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006050 | +0.166% | $2.1M | $7.5M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006044 | +0.071% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006038 | −0.039% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0163% | 1h | 0.000006053 | +0.215% | $3.6M | $5.3M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | −0.662% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDTshort | +0.0220% | 8h | 0.000006030 | −0.166% | $862K | $932K | 50x | |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0246% | 1h | 0.000006050 | +0.166% | $47K | $65K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006043 | +0.057% | $1 | — | 20x | as long as short |
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
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP