Funding you earn now, next payment 00:00 UTC+0.0267%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.027%
Price spread now: Backpack against gTrade (Gains Network)+0.148%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 +$8 a day on $10k at the current rate, and Backpack is 0.148% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$15 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 | gTrade (Gains Network) SHIB/USD | 0.000006090 | L +0.0006% / S −0.0001% | pay 0.0001% / 1h | 57m 46s | $741 | — | 150x |
| Short | Backpack kSHIB_USDC_PERP | 0.000006099 | 0.0274 | get 0.0034% / 1h | 57m 46s | $25K | $6K | 15x |
gTrade (Gains Network) SHIB/USD
Backpack kSHIB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against gTrade (Gains Network). 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
- $56.12
- Price spread: +0.148% → 0.000%
- $14.78
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $50.9
- Costs to cover
- 0.200%
- Break-even
- 0.7 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Backpack no order-book sample | — | — | — | — | — |
gTrade (Gains Network) and Backpack: 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 | 0.000006079 | −0.179% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006085 | −0.082% | $73K | $1.9M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USDlong | L +0.0006% / S −0.0001% | 1h | 0.000006090 | long leg | $741 | — | 150x | |
| Coinbase International 1000SHIB-PERP-INTX | +0.0032% | 1h | 0.000006062 | −0.460% | $80K | $787K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0078% | 1h | 0.000006095 | +0.082% | $47K | $65K | 25x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006092 | +0.033% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006091 | +0.016% | $154K | $290K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006091 | +0.024% | $35K | $175K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006085 | −0.082% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006095 | +0.082% | $30.0M | $94.2M | 75x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Coinbase International 1000SHIB-PERP-INTX
Deribit 1000SHIB_USDC-PERPETUAL
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 | 0.000006091 | +0.016% | $8.8M | $32.3M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006092 | +0.033% | $7.0M | $5.5M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006094 | +0.066% | $30.7M | $16.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006097 | +0.115% | $4.9M | $2.5M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006091 | +0.016% | $11.7M | $13.2M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006094 | +0.066% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006102 | +0.197% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006094 | +0.066% | $540 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006093 | +0.049% | $415K | $613K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006100 | +0.164% | $2.1M | $5.8M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006094 | +0.067% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006096 | +0.103% | $54K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0161% | 1h | 0.000006040 | −0.821% | $248 | $134K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.478% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006065 | −0.411% | $820K | $948K | 50x | as long as short |
| Backpack kSHIB_USDC_PERPshort | +0.0274% | 1h | 0.000006099 | +0.148% | $25K | $6K | 15x | |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006092 | +0.039% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0378% | 1h | 0.000006094 | +0.060% | $1.2M | $803K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0697% | 1h | 0.000006101 | +0.181% | $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
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIB