Funding you earn now, next payment 08:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.031%
Price spread now: SoDEX against Coinbase International+0.656%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SoDEX is 0.656% dearer against Coinbase International than usual: you sell high and buy low: +$66 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000SHIB-PERP-INTX | 0.000005944 | −0.0024 | get 0.0003% / 1h | 52m 06s | $128K | $1.6M | 50x |
| Short | SoDEX 1000SHIB-USD | 0.000005983 | 0.0100 | get 0.0013% / 1h | 52m 06s | $508 | $5K | 10x |
Coinbase International 1000SHIB-PERP-INTX
SoDEX 1000SHIB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- $26.04
- Price spread: +0.656% → 0.000%
- $65.61
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- $73.65
- Costs to cover
- 0.180%
- Break-even
- from the start
Slippage unknown: Coinbase International: live order book, 2 min ago; SoDEX: 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, 2 min ago | 9.20 bp | 14.2 bp −$14 | 20.2 bp −$202 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX 1000SHIB-USDT | −0.0177% | 8h | 0.000005985 | +0.690% | — | $2.3M | — | as long as short |
| Coinbase International 1000SHIB-PERP-INTXlong | −0.0024% | 1h | 0.000005944 | long leg | $128K | $1.6M | 50x | |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005986 | +0.703% | $132K | $3.2M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005974 | +0.511% | $564 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.615% | $248 | $134K | 5.5x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005986 | +0.707% | $156K | $641K | 10x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0100% | 1h | 0.000005982 | +0.635% | $1.2M | $1.0M | 50x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000005991 | +0.791% | $3.6M | $5.5M | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005989 | +0.757% | $41K | $298K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005984 | +0.673% | $12K | $6K | 10x | as long as short |
BingX 1000SHIB-USDT
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Lighter 1000SHIB
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB
Aster 1000SHIBUSDT
Pacifica kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005988 | +0.742% | $30.5M | $128.3M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005980 | +0.606% | $8.7M | $44.6M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005981 | +0.622% | $7.0M | $6.9M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005984 | +0.673% | $28.7M | $20.0M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005984 | +0.673% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005987 | +0.723% | $11.3M | $17.3M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005987 | +0.723% | $23K | $8K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005984 | +0.673% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005996 | +0.875% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USDshort | +0.0100% | 1h | 0.000005983 | +0.656% | $508 | $5K | 10x | |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005980 | +0.606% | $412K | $591K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005990 | +0.774% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000005986 | +0.708% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005978 | +0.572% | $53K | $4K | 25x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000005000 | −15.882% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005980 | +0.606% | $837K | $931K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0251% | 1h | 0.000005985 | +0.690% | $50K | $59K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005983 | +0.649% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.7197% | 1h | 0.000005982 | +0.636% | $23K | $82K | 10x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP
dYdX SHIB-USD