SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0228%/8h= −25.0% APRnext payment −$0.29 per $10,000 · paid last 24h −0.063%

Price spread now: Coinbase International against GMX+0.417%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Coinbase International

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

The price spread pays, funding is against you. Coinbase International is 0.417% dearer against GMX than usual: you sell high and buy low (spread +0.417% now, against zero (this spread has no 7-day history yet)): +$42 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SHIB/USD [ETH-USDC]	0.000006000	L +0.0212% / S −0.2404%	pay 0.0027% / 1h	41m 30s	$1K	—	100x
Short	Coinbase International 1000SHIB-PERP-INTX	0.000006025	−0.0016	pay 0.0002% / 1h	41m 30s	$117K	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. 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 GMXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.417%Rate

Funding earned: −$47.97
Price spread: +0.417% → 0.000%: $41.67
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$28.3
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 2 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 2 min ago	5.80 bp	10.8 bp −$11	23.2 bp −$232	doesn't fit	doesn't fit

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
Coinbase International 1000SHIB-PERP-INTXshort	−0.0016%	1h	0.000006025	+0.417%	$117K	$1.6M	50x
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006050	+0.838%	$120K	$3.2M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006046	+0.762%	$571	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+0.667%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDT	+0.0070%	8h	0.000006030	+0.500%	—	$2.3M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0081%	1h	0.000006048	+0.800%	$51K	$59K	25x	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006039	+0.650%	$157K	$640K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006031	+0.523%	$41K	$329K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006038	+0.633%	$12K	$5K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006031	+0.523%	$30.5M	$127.5M	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	0.000006030	+0.500%	$9.2M	$43.5M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006028	+0.467%	$7.1M	$7.3M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006030	+0.500%	$28.1M	$19.8M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006033	+0.550%	$4.7M	$3.2M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006036	+0.600%	$11.4M	$17.1M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006042	+0.700%	$23K	$8K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006031	+0.517%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006056	+0.933%	$2K	$27K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006040	+0.667%	$521	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006046	+0.767%	$412K	$576K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006040	+0.667%	$2.1M	$7.6M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0104%	8h	0.000006037	+0.620%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006034	+0.561%	$54K	$4K	25x	as long as short
Kraken Futures PF_SHIBUSD	+0.0199%	1h	0.000006037	+0.612%	$1.2M	$1.0M	50x	as long as short
GMX SHIB/USD [ETH-USDC]long	L +0.0212% / S −0.2404%	1h	0.000006000	long leg	$1K	—	100x
BloFin SHIB-USDT	+0.0220%	8h	0.000006033	+0.550%	$868K	$939K	50x	as long as short
Hyperliquid kSHIB	+0.0274%	1h	0.000006041	+0.683%	$3.6M	$5.5M	10x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006049	+0.812%	$1	—	20x	as long as short
dYdX SHIB-USD	+0.2197%	1h	0.000006039	+0.647%	$36K	$70K	10x	as long as short