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 SunX−0.132%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 0.132% cheaper against SunX than usual: you would sell low and buy high (−$13 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 | SunX SHIB-USDT | 0.000006040 | 0.0100 | pay 0.0100% / 8h | 6h 01m | $2K | $24K | 20x |
| Short | BingX 1000SHIB-USDT | 0.000006032 | 0.0080 | get 0.0080% / 8h | 6h 01m | — | $2.1M | — |
SunX SHIB-USDT
BingX 1000SHIB-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against SunX. 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: −0.132% → 0.000%
- −$13.25
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$35.45
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SunX: no order-book sample; BingX: 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 SunX no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 2 min ago | 1.66 bp | 8.5 bp −$9 | 17.8 bp −$178 | 48.3 bp −$4,833 | 103.2 bp −$51.6K |
SunX: 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 28 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 | 0.000006030 | −0.169% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006033 | −0.114% | $194K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006031 | −0.144% | $734 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | 0.000% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0072% | 1h | 0.000006021 | −0.315% | $135K | $1.1M | 50x | as long as short |
| BingX 1000SHIB-USDTshort | +0.0080% | 8h | 0.000006032 | −0.132% | — | $2.1M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006036 | −0.066% | $163K | $611K | 10x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000006035 | −0.083% | $3.7M | $4.7M | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006031 | −0.154% | $92K | $312K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006037 | −0.051% | $29.5M | $101.6M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
Lighter 1000SHIB
Hyperliquid kSHIB
Aster 1000SHIBUSDT
Binance 1000SHIBUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006034 | −0.099% | $9.3M | $36.1M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006029 | −0.182% | $7.0M | $5.8M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006032 | −0.132% | $30.1M | $17.7M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006029 | −0.182% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006031 | −0.149% | $11.3M | $14.2M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006039 | −0.017% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006033 | −0.116% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDTlong | +0.0100% | 8h | 0.000006040 | long leg | $2K | $24K | 20x | |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006035 | −0.083% | $515 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006027 | −0.215% | $412K | $583K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006040 | 0.000% | $2.1M | $6.7M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006032 | −0.131% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0113% | 8h | 0.000006028 | −0.191% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0183% | 1h | 0.000006029 | −0.182% | $12K | $4K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.662% | $1K | — | 100x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0247% | 1h | 0.000006035 | −0.083% | $46K | $64K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006029 | −0.186% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0755% | 1h | 0.000006029 | −0.174% | $1.1M | $889K | 50x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD