SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0129%/8h= +14.1% APRnext payment +$0.16 per $10,000 · paid last 24h +0.008%

Price spread now: Injective against Coinbase International−0.363%64s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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. Injective is 0.363% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.363% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$36 on $10k: about 9.4 days of funding at the current rate (+$4 a day). The two prices were read 64 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	Coinbase International 1000SHIB-PERP-INTX	0.000006062	0.0032	pay 0.0004% / 1h	55m 50s	$80K	$787K	50x
Short	Injective SHIB/USDC PERP	0.000006040	0.0161	get 0.0020% / 1h	55m 50s	$248	$134K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −0.363%Rate

Funding earned: $27.04
Price spread: −0.363% → 0.000%: −$36.29
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$19.28
Costs to cover: 0.100%
Break-even: 12.0 days

Slippage unknown: Coinbase International: live order book, 22 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 Coinbase International live order book, 22 min ago	6.59 bp	13.2 bp −$13	19.6 bp −$196	doesn't fit	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	0.000006090	+0.463%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006091	+0.480%	$73K	$1.9M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006096	+0.561%	$47K	$65K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006091	+0.470%	$741	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTXlong	+0.0032%	1h	0.000006062	long leg	$80K	$787K	50x
BingX 1000SHIB-USDT	+0.0080%	8h	0.000006101	+0.643%	—	$2.1M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006095	+0.544%	$154K	$290K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006100	+0.620%	$35K	$175K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006091	+0.478%	$12K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006104	+0.693%	$30.0M	$94.2M	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	0.000006101	+0.643%	$8.8M	$32.4M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006097	+0.577%	$7.0M	$5.5M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006100	+0.627%	$30.7M	$16.2M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006101	+0.643%	$4.9M	$2.5M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006102	+0.660%	$11.7M	$13.2M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006095	+0.544%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006103	+0.676%	$2K	$23K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006095	+0.544%	$538	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006089	+0.445%	$415K	$613K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006100	+0.627%	$2.1M	$5.8M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0102%	8h	0.000006089	+0.446%	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006100	+0.630%	$54K	$4K	25x	as long as short
Injective SHIB/USDC PERPshort	+0.0161%	1h	0.000006040	−0.363%	$248	$134K	5.5x
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−1.023%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006097	+0.577%	$823K	$953K	50x	as long as short
Backpack kSHIB_USDC_PERP	+0.0321%	1h	0.000006096	+0.561%	$25K	$6K	15x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006091	+0.481%	$1	—	20x	as long as short
Kraken Futures PF_SHIBUSD	+0.0378%	1h	0.000006097	+0.578%	$1.2M	$804K	50x	as long as short
Hyperliquid kSHIB	+0.0720%	1h	0.000006111	+0.808%	$4.4M	$4.0M	10x	as long as short