Funding you earn now, next payment 21:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.006%
Price spread now: Gate against Coinbase International+0.034%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$590.587% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 3 days (all we have)+0.131%+$13 · spread now +0.034%, 7d avg −0.018%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.052% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000SHIB-PERP-INTX | 0.000005949 | 0.0016 | pay 0.0002% / 1h | 55m 58s | $89K | $751K | 50x |
| Short | Gate SHIB_USDT | 0.000005951 | 0.0100 | get 0.0100% / 8h | 2h 55m | $6.8M | $5.4M | 75x |
Coinbase International 1000SHIB-PERP-INTX
Gate SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Coinbase International. 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
- $17.64
- Price spread: +0.034% → −0.018%
- $5.15
- Slippage, 4 orders
- −$33.74
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$35.94
- Costs to cover
- 0.587%
- Break-even
- 21.3 days
Slippage from Coinbase International: live order book, 32 min ago; Gate: live order book, 2 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 Coinbase International live order book, 32 min ago | 6.69 bp | 13.3 bp −$13 | 20.9 bp −$209 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 1.68 bp | 15.4 bp −$15 | 28.4 bp −$284 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX 1000SHIB-USDT | −0.0006% | 8h | 0.000005954 | +0.084% | — | $2.1M | — | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005952 | +0.055% | $50K | $1.6M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005954 | +0.084% | $42K | $61K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005951 | +0.039% | $724 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTXlong | +0.0016% | 1h | 0.000005949 | long leg | $89K | $751K | 50x | |
| Kraken Futures PF_SHIBUSD | +0.0056% | 1h | 0.000005959 | +0.167% | $1.1M | $748K | 50x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005958 | +0.151% | $151K | $284K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005957 | +0.129% | $36K | $180K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005956 | +0.118% | $11K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005957 | +0.136% | $29.2M | $87.9M | 75x | as long as short |
BingX 1000SHIB-USDT
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Kraken Futures PF_SHIBUSD
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 | 0.000005952 | +0.050% | $7.6M | $27.8M | 50x | as long as short |
| Gate SHIB_USDTshort | +0.0100% | 8h | 0.000005951 | +0.034% | $6.8M | $5.4M | 75x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005955 | +0.101% | $32.1M | $15.4M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005955 | +0.101% | $4.9M | $2.4M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005955 | +0.101% | $11.7M | $12.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005955 | +0.101% | $25K | $5K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005956 | +0.118% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005967 | +0.303% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005954 | +0.084% | $541 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005951 | +0.034% | $400K | $622K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005952 | +0.050% | $2.1M | $5.3M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0100% | 8h | 0.000005956 | +0.123% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005951 | +0.039% | $53K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0187% | 1h | 0.000005964 | +0.252% | $245 | $67K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −15.952% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005943 | −0.101% | $712K | $1.0M | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005951 | +0.035% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0638% | 1h | 0.000005964 | +0.252% | $4.3M | $3.7M | 10x | as long as short |
| dYdX SHIB-USD | +1.0260% | 1h | 0.000005955 | +0.100% | $23K | $64K | 10x | as long as short |
OKX SHIB-USDT-SWAP
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
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
dYdX SHIB-USD