Funding you earn now, next payment 23:00 UTC+0.0083%/8h= +9.1% APRnext payment +$0.10 per $10,000 · paid last 24h −0.015%
Price spread now: gTrade (Gains Network) against Deribit+0.050%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.050% dearer against Deribit than usual: you sell high and buy low: +$5 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 | Deribit 1000SHIB_USDC-PERPETUAL | 0.000006027 | −0.0082 | get 0.0010% / 1h | 31m 21s | $46K | $65K | 25x |
| Short | gTrade (Gains Network) SHIB/USD | 0.000006030 | L +0.0006% / S −0.0001% | get 0.0000% / 1h | 31m 21s | $733 | — | 150x |
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Deribit. 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
- $17.47
- Price spread: +0.050% → 0.000%
- $4.98
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- $5.45
- Costs to cover
- 0.170%
- Break-even
- 4.8 days
Slippage unknown: Deribit: no order-book sample; gTrade (Gains Network): 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 Deribit no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
Deribit and gTrade (Gains Network): 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit 1000SHIB_USDC-PERPETUALlong | −0.0082% | 1h | 0.000006027 | long leg | $46K | $65K | 25x | |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006036 | +0.153% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006029 | +0.038% | $84K | $1.9M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USDshort | L +0.0006% / S −0.0001% | 1h | 0.000006030 | +0.050% | $733 | — | 150x | |
| Coinbase International 1000SHIB-PERP-INTX | +0.0008% | 1h | 0.000006034 | +0.116% | $81K | $779K | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006029 | +0.033% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006029 | +0.033% | $152K | $289K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006032 | +0.080% | $35K | $175K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006039 | +0.199% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006030 | +0.051% | $29.5M | $92.5M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
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 | 0.000006025 | −0.033% | $8.8M | $31.4M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006027 | 0.000% | $6.9M | $5.5M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006030 | +0.050% | $30.6M | $15.9M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006033 | +0.100% | $4.8M | $2.5M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006030 | +0.050% | $11.5M | $12.9M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006030 | +0.050% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006041 | +0.232% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006027 | 0.000% | $533 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006034 | +0.116% | $411K | $618K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006030 | +0.050% | $2.1M | $5.6M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0103% | 8h | 0.000006038 | +0.176% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006025 | −0.034% | $53K | $4K | 25x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0119% | 1h | 0.000006039 | +0.199% | $25K | $6K | 15x | as long as short |
| Injective SHIB/USDC PERP | +0.0141% | 1h | 0.000006040 | +0.216% | $248 | $134K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.448% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006029 | +0.033% | $818K | $944K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006028 | +0.025% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0359% | 1h | 0.000006029 | +0.037% | $1.1M | $788K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0817% | 1h | 0.000006043 | +0.265% | $4.4M | $4.0M | 10x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Backpack kSHIB_USDC_PERP
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB