SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.2397%/8h= +262.5% APRnext payment +$3.00 per $10,000 · paid last 24h +0.659%

Price spread now: GMX against gTrade (Gains Network)−1.395%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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 1.395% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −1.395% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$140 on $10k: about 47 hours of funding at the current rate (+$72 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SHIB/USD	0.000006085	L +0.0006% / S −0.0001%	pay 0.0001% / 1h	46m 51s	$740	—	150x
Short	GMX SHIB/USD [ETH-USDC]	0.000006000	L +0.0213% / S −0.2404%	get 0.0300% / 1h	46m 51s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 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 gTrade (Gains Network)bpFee GMXbpOrdersPrice spread, now −1.395%Rate

Funding earned: $503.42
Price spread: −1.395% → 0.000%: −$139.53
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $341.9
Costs to cover: 0.220%
Break-even: 2.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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
dYdX SHIB-USD	0.0000%	1h	0.000006084	−0.011%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006084	−0.021%	$73K	$1.9M	2x	as long as short
gTrade (Gains Network) SHIB/USDlong	L +0.0006% / S −0.0001%	1h	0.000006085	long leg	$740	—	150x
Coinbase International 1000SHIB-PERP-INTX	+0.0032%	1h	0.000006113	+0.462%	$81K	$791K	50x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	0.000006104	+0.314%	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006091	+0.100%	$154K	$290K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006092	+0.125%	$35K	$175K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006090	+0.084%	$12K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006108	+0.380%	$30.0M	$94.6M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006103	+0.297%	$8.8M	$32.5M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate SHIB_USDT	+0.0100%	8h	0.000006090	+0.084%	$7.0M	$5.6M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006108	+0.380%	$30.6M	$16.2M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006094	+0.150%	$4.9M	$2.5M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006107	+0.363%	$11.7M	$13.2M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006088	+0.051%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006096	+0.182%	$2K	$23K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006093	+0.133%	$536	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006088	+0.051%	$416K	$614K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006090	+0.084%	$2.1M	$5.9M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0102%	8h	0.000006088	+0.051%	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006101	+0.271%	$54K	$4K	25x	as long as short
Injective SHIB/USDC PERP	+0.0161%	1h	0.000006040	−0.738%	$248	$134K	5.5x	as long as short
GMX SHIB/USD [ETH-USDC]short	L +0.0213% / S −0.2404%	1h	0.000006000	−1.395%	$1K	—	100x
BloFin SHIB-USDT	+0.0220%	8h	0.000006086	+0.018%	$815K	$951K	50x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0243%	1h	0.000006090	+0.084%	$47K	$65K	25x	as long as short
Backpack kSHIB_USDC_PERP	+0.0309%	1h	0.000006097	+0.199%	$25K	$6K	15x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006084	−0.007%	$1	—	20x	as long as short
Kraken Futures PF_SHIBUSD	+0.0378%	1h	0.000006094	+0.155%	$1.2M	$804K	50x	as long as short
Hyperliquid kSHIB	+0.0705%	1h	0.000006106	+0.347%	$4.4M	$4.0M	10x	as long as short