Funding you earn now, next payment 00:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h −0.013%
Price spread now: Injective against Bitget+0.232%91s7-day average −0.061% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.035%−$3 on $10k
+Price spread, last 3 days (all we have)−0.582%−$58 · spread now +0.232%, 7d avg −0.061%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Injective is 0.293% dearer against Bitget than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.061%. The two prices were read 91 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 | Bitget SHIBUSDT | 0.000006026 | 0.0100 | pay 0.0100% / 8h | 31m 53s | $11.5M | $13.3M | 75x |
| Short | Injective SHIB/USDC PERP | 0.000006040 | 0.0161 | get 0.0020% / 1h | 31m 53s | $248 | $134K | 5.5x |
Bitget SHIBUSDT
Injective SHIB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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
- $12.76
- Price spread: +0.232% → −0.061%
- $29.34
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $30.07
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 2 min ago; Injective: no order-book sample. 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 Bitget live order book, 2 min ago | 2.48 bp | 10.2 bp −$10 | 20.8 bp −$208 | 70.4 bp −$7,035 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 0.000006033 | +0.116% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006037 | +0.174% | $73K | $1.9M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006035 | +0.153% | $734 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0032% | 1h | 0.000006113 | +1.444% | $81K | $791K | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000006028 | +0.033% | — | $2.1M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0081% | 1h | 0.000006038 | +0.199% | $46K | $65K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006035 | +0.149% | $152K | $292K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006032 | +0.106% | $35K | $175K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006040 | +0.232% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006030 | +0.066% | $29.7M | $95.1M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
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 | 0.000006024 | −0.033% | $8.7M | $32.5M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006026 | 0.000% | $6.9M | $5.6M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006028 | +0.033% | $30.1M | $16.4M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006030 | +0.066% | $4.9M | $2.5M | 75x | as long as short |
| Bitget SHIBUSDTlong | +0.0100% | 8h | 0.000006026 | long leg | $11.5M | $13.3M | 75x | |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006036 | +0.166% | $25K | $6K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006037 | +0.183% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006049 | +0.382% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006035 | +0.149% | $539 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006034 | +0.133% | $413K | $616K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006040 | +0.232% | $2.1M | $6.0M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006038 | +0.199% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006028 | +0.041% | $53K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERPshort | +0.0161% | 1h | 0.000006040 | +0.232% | $248 | $134K | 5.5x | |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.431% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006034 | +0.133% | $819K | $943K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006036 | +0.158% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0382% | 1h | 0.000006036 | +0.164% | $1.1M | $805K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0636% | 1h | 0.000006036 | +0.166% | $4.4M | $4.0M | 10x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
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
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB