SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.044%

Price spread now: Kraken Futures against GMX+1.126%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 Kraken Futures

What this pair did over the last

the charts below follow

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. Kraken Futures is 1.126% dearer against GMX than usual: you sell high and buy low (spread +1.126% now, against zero (this spread has no 7-day history yet)): +$113 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 21 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	19m 19s	$1K	—	100x
Short	Kraken Futures PF_SHIBUSD	0.000006068	0.0036	get 0.0005% / 1h	19m 19s	$1.2M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +1.126%Rate

Funding earned: −$36.96
Price spread: +1.126% → 0.000%: $112.57
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $53.61
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 2 min ago	2.47 bp	18.3 bp −$18	26.9 bp −$269	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 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
Coinbase International 1000SHIB-PERP-INTX	−0.0080%	1h	0.000006071	+1.183%	$132K	$1.7M	50x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006074	+1.240%	$80K	$3.5M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006066	+1.105%	$573	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+0.667%	$248	$134K	5.5x	as long as short
Kraken Futures PF_SHIBUSDshort	+0.0036%	1h	0.000006068	+1.126%	$1.2M	$1.0M	50x
BingX 1000SHIB-USDC	+0.0070%	8h	0.000006067	+1.117%	—	$1.7M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0080%	1h	0.000006068	+1.133%	$49K	$46K	25x	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006072	+1.200%	$156K	$625K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006072	+1.193%	$40K	$288K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006070	+1.167%	$12K	$5K	10x	as long as short

Show all 29 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006071	+1.183%	$31.5M	$129.4M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006066	+1.100%	$9.7M	$46.7M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006065	+1.083%	$7.1M	$6.8M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006069	+1.150%	$28.3M	$20.2M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006068	+1.133%	$4.7M	$3.2M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006066	+1.100%	$11.4M	$17.7M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006072	+1.200%	$23K	$9K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006067	+1.117%	$7K	$2K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006080	+1.333%	$2K	$26K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006068	+1.133%	$523	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006079	+1.317%	$417K	$479K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006071	+1.183%	$2.1M	$7.7M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0101%	8h	0.000006068	+1.130%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006065	+1.077%	$54K	$4K	25x	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	0.000006080	+1.333%	$930K	$931K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006071	+1.191%	$1	—	20x	as long as short
Hyperliquid kSHIB	+0.0379%	1h	0.000006078	+1.300%	$3.7M	$5.2M	10x	as long as short
dYdX SHIB-USD	+0.8545%	1h	0.000006067	+1.113%	$32K	$64K	10x	as long as short