Funding you earn now, next payment 12:00 UTC−0.0212%/8h= −23.2% APRnext payment −$0.26 per $10,000 · paid last 24h −0.063%
Price spread now: gTrade (Gains Network) against GMX+18.980%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
The price spread pays, funding is against you. gTrade (Gains Network) is 18.980% dearer against GMX than usual: you sell high and buy low (spread +18.980% now, against zero (this spread has no 7-day history yet)): +$1,898 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SHIB/USD [ETH-USDC] | 0.000005000 | L +0.0211% / S −0.2404% | pay 0.0026% / 1h | 9m 46s | $1K | — | 100x |
| Short | gTrade (Gains Network) SHIB/USD | 0.000005949 | L +0.0006% / S 0.0000% | pay 0.0000% / 1h | 9m 46s | $562 | — | 150x |
GMX SHIB/USD [ETH-USDC]
gTrade (Gains Network) SHIB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against GMX. 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
- −$44.47
- Price spread: +18.980% → 0.000%
- $1,898
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- $1,831.53
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: GMX: 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 GMX no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
GMX 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005953 | +19.052% | $145K | $4.0M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USDshort | L +0.0006% / S 0.0000% | 1h | 0.000005949 | +18.980% | $562 | — | 150x | |
| Coinbase International 1000SHIB-PERP-INTX | +0.0016% | 1h | 0.000005914 | +18.280% | $142K | $1.8M | 50x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +20.800% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0064% | 8h | 0.000005956 | +19.120% | — | $2.2M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005967 | +19.340% | $171K | $625K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005965 | +19.290% | $42K | $285K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005964 | +19.280% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005966 | +19.318% | $31.0M | $132.5M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005959 | +19.180% | $8.6M | $48.5M | 50x | as long as short |
Kalshi KXKSHIBPERP
Coinbase International 1000SHIB-PERP-INTX
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAPShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005956 | +19.120% | $7.0M | $6.9M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005961 | +19.220% | $27.1M | $19.3M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005962 | +19.240% | $4.8M | $3.3M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005962 | +19.240% | $11.5M | $18.1M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005950 | +19.000% | $6K | $2K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005961 | +19.220% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005954 | +19.080% | $513 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005949 | +18.980% | $404K | $489K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005960 | +19.200% | $2.1M | $7.9M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000005966 | +19.311% | $7K | $13 | 20x | as long as short |
| Hyperliquid kSHIB | +0.0103% | 1h | 0.000005966 | +19.320% | $3.6M | $5.2M | 10x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005955 | +19.098% | $53K | $396 | 25x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0126% | 1h | 0.000005957 | +19.140% | $23K | $8K | 15x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0209% | 1h | 0.000005955 | +19.099% | $1.2M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC]long | L +0.0211% / S −0.2404% | 1h | 0.000005000 | long leg | $1K | — | 100x | |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005946 | +18.920% | $827K | $889K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0254% | 1h | 0.000005954 | +19.080% | $51K | $50K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005946 | +18.913% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.6758% | 1h | 0.000005961 | +19.228% | $31K | $52K | 10x | as long as short |
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
Hyperliquid kSHIB
Extended 1000SHIB-USD
Backpack kSHIB_USDC_PERP
Kraken Futures PF_SHIBUSD
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP
dYdX SHIB-USD