Funding you earn now, next payment 08:00 UTC−0.0223%/8h= −24.4% APRpaid last 24h −0.067%
Price spread now: MEXC against Reya−0.137%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.137% cheaper against Reya than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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 | Reya kSHIBRUSDPERP | 0.000006000 | 0.0323 | pay 0.0040% / 1h | 51m 37s | $1 | — | 20x |
| Short | MEXC SHIB_USDT | 0.000005992 | 0.0100 | get 0.0100% / 8h | 51m 37s | $27.9M | $19.7M | 300x |
Reya kSHIBRUSDPERP
MEXC SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Reya. 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
- −$46.75
- Price spread: −0.137% → 0.000%
- −$13.74
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$66.49
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.
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 Reya no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 2 min ago | 0.83 bp | 4.8 bp −$5 | 8.8 bp −$88 | 46.8 bp −$4,681 | 82.0 bp −$41.0K |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTX | −0.0016% | 1h | 0.000005997 | −0.054% | $116K | $1.6M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005999 | −0.024% | $23K | $57K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006002 | +0.033% | $105K | $3.2M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006002 | +0.023% | $566 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.663% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0070% | 8h | 0.000005995 | −0.087% | — | $2.3M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0083% | 1h | 0.000006005 | +0.079% | $47K | $55K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006001 | +0.013% | $156K | $640K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005993 | −0.115% | $41K | $331K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005997 | −0.054% | $12K | $5K | 10x | as long as short |
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
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 | 0.000005998 | −0.037% | $30.0M | $127.0M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005995 | −0.087% | $9.1M | $43.1M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005993 | −0.121% | $7.0M | $7.2M | 75x | as long as short |
| MEXC SHIB_USDTshort | +0.0100% | 8h | 0.000005992 | −0.137% | $27.9M | $19.7M | 300x | |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005994 | −0.104% | $4.6M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005994 | −0.104% | $11.3M | $17.0M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006010 | +0.163% | $23K | $8K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006006 | +0.096% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006017 | +0.279% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006005 | +0.079% | $501 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006004 | +0.063% | $409K | $575K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006004 | +0.063% | $2.1M | $7.6M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005992 | −0.139% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0104% | 8h | 0.000006000 | −0.007% | $7K | $13 | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0200% | 1h | 0.000006002 | +0.033% | $1.1M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | −0.004% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005993 | −0.121% | $860K | $933K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0253% | 1h | 0.000006007 | +0.113% | $3.6M | $5.4M | 10x | as long as short |
| Reya kSHIBRUSDPERPlong | +0.0323% | 1h | 0.000006000 | long leg | $1 | — | 20x |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate 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
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Hyperliquid kSHIB