SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.2388%/8h= +261.4% APRnext payment +$2.98 per $10,000 · paid last 24h +0.653%

Price spread now: GMX against Coinbase International−15.726%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 15.726% cheaper against Coinbase International than usual: you would sell low and buy high (spread −15.726% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,573 on $10k: about 22 days of funding at the current rate (+$72 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International 1000SHIB-PERP-INTX	0.000005933	0.0016	pay 0.0002% / 1h	30m 28s	$89K	$752K	50x
Short	GMX SHIB/USD [ETH-USDC]	0.000005000	L +0.0213% / S −0.2404%	get 0.0300% / 1h	30m 28s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −15.726%Rate

Funding earned: $501.38
Price spread: −15.726% → 0.000%: −$1,572.56
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,093.18
Costs to cover: 0.220%
Break-even: 22.3 days

Slippage unknown: Coinbase International: live order book, 57 min ago; GMX: 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 Coinbase International live order book, 57 min ago	6.69 bp	13.3 bp −$13	20.9 bp −$209	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Kalshi KXKSHIBPERP	0.0000%	8h	0.000005938	+0.086%	$48K	$1.6M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000005945	+0.202%	$42K	$61K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000005939	+0.101%	$722	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTXlong	+0.0016%	1h	0.000005933	long leg	$89K	$752K	50x
BingX 1000SHIB-USDT	+0.0017%	8h	0.000005937	+0.067%	—	$2.1M	—	as long as short
Kraken Futures PF_SHIBUSD	+0.0056%	1h	0.000005941	+0.142%	$1.1M	$763K	50x	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000005948	+0.253%	$151K	$285K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000005946	+0.219%	$35K	$179K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000005946	+0.219%	$11K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000005940	+0.118%	$28.9M	$88.2M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000005943	+0.169%	$7.5M	$27.8M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000005942	+0.152%	$6.7M	$5.4M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000005935	+0.034%	$31.7M	$15.6M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000005944	+0.185%	$4.9M	$2.3M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000005941	+0.135%	$11.6M	$12.5M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000005941	+0.135%	$25K	$5K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000005944	+0.185%	$6K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000005953	+0.337%	$2K	$23K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000005941	+0.135%	$548	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000005938	+0.084%	$400K	$620K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000005944	+0.185%	$2.1M	$5.4M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0100%	8h	0.000005948	+0.257%	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000005944	+0.178%	$53K	$4K	25x	as long as short
Injective SHIB/USDC PERP	+0.0187%	1h	0.000005964	+0.523%	$245	$67K	5.5x	as long as short
GMX SHIB/USD [ETH-USDC]short	L +0.0213% / S −0.2404%	1h	0.000005000	−15.726%	$1K	—	100x
BloFin SHIB-USDT	+0.0220%	8h	0.000005934	+0.017%	$706K	$983K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000005940	+0.122%	$1	—	20x	as long as short
Hyperliquid kSHIB	+0.0646%	1h	0.000005956	+0.388%	$4.3M	$3.7M	10x	as long as short
dYdX SHIB-USD	+0.9436%	1h	0.000005946	+0.215%	$23K	$64K	10x	as long as short