Funding you earn now, next payment 23:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.012%
Price spread now: Gate against Backpack−0.049%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 −$3 a day on $10k at the current rate, and Gate is 0.049% cheaper against Backpack than usual: you would sell low and buy high (−$5 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 | Backpack kSHIB_USDC_PERP | 0.000006097 | 0.0185 | pay 0.0023% / 1h | 39m 02s | $25K | $5K | 15x |
| Short | Gate SHIB_USDT | 0.000006094 | 0.0100 | get 0.0100% / 8h | 1h 39m | $7.0M | $5.5M | 75x |
Backpack kSHIB_USDC_PERP
Gate SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Backpack. 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
- −$17.84
- Price spread: −0.049% → 0.000%
- −$4.92
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$47.76
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; Gate: live order book, 4 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 4 min ago | 2.46 bp | 13.5 bp −$13 | 27.9 bp −$279 | doesn't fit | doesn't fit |
Backpack: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006119 | +0.364% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006114 | +0.276% | $86K | $1.9M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006098 | +0.016% | $47K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006102 | +0.075% | $742 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0008% | 1h | 0.000006137 | +0.656% | $82K | $804K | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0070% | 8h | 0.000006098 | +0.016% | — | $2.1M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006096 | −0.016% | $154K | $288K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006098 | +0.016% | $35K | $175K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006122 | +0.410% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006099 | +0.040% | $30.0M | $91.6M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDT
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006098 | +0.016% | $8.9M | $31.4M | 50x | as long as short |
| Gate SHIB_USDTshort | +0.0100% | 8h | 0.000006094 | −0.049% | $7.0M | $5.5M | 75x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006100 | +0.049% | $31.3M | $15.8M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006095 | −0.033% | $4.9M | $2.4M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006097 | 0.000% | $11.7M | $12.8M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006101 | +0.066% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006109 | +0.197% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006097 | 0.000% | $544 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006094 | −0.049% | $416K | $634K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006090 | −0.115% | $2.1M | $5.6M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006099 | +0.041% | $54K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0104% | 8h | 0.000006118 | +0.349% | $7K | — | 20x | as long as short |
| Injective SHIB/USDC PERP | +0.0141% | 1h | 0.000005975 | −2.001% | $245 | $99K | 5.5x | as long as short |
| Backpack kSHIB_USDC_PERPlong | +0.0185% | 1h | 0.000006097 | long leg | $25K | $5K | 15x | |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.591% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006098 | +0.016% | $816K | $955K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006102 | +0.088% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0355% | 1h | 0.000006100 | +0.048% | $1.2M | $783K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0903% | 1h | 0.000006108 | +0.180% | $4.4M | $4.0M | 10x | as long as short |
OKX SHIB-USDT-SWAP
MEXC 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
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB