SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0113%/8h= −12.4% APRnext payment −$0.14 per $10,000 · paid last 24h −0.029%

Price spread now: SoDEX against GMX+0.450%55s7-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 SoDEX

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. SoDEX is 0.450% dearer against GMX than usual: you sell high and buy low (spread +0.450% now, against zero (this spread has no 7-day history yet)): +$45 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 13 days. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SHIB/USD [ETH-USDC]	0.000006000	L +0.0213% / S −0.2404%	pay 0.0027% / 1h	21m 22s	$1K	—	100x
Short	SoDEX 1000SHIB-USD	0.000006027	0.0100	get 0.0013% / 1h	21m 22s	$521	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.450%Rate

Funding earned: −$23.79
Price spread: +0.450% → 0.000%: $45
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $1.21
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

GMX and SoDEX: 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 28 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	0.000006021	+0.347%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006024	+0.400%	$192K	$2.3M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006022	+0.367%	$732	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+0.667%	$248	$134K	5.5x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0072%	1h	0.000006027	+0.450%	$136K	$1.1M	50x	as long as short
BingX 1000SHIB-USDT	+0.0080%	8h	0.000006022	+0.367%	—	$2.1M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0082%	1h	0.000006029	+0.483%	$46K	$64K	25x	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006021	+0.350%	$163K	$610K	10x	as long as short
Hyperliquid kSHIB	+0.0100%	1h	0.000006029	+0.483%	$3.7M	$4.7M	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006023	+0.382%	$40K	$192K	50x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006023	+0.388%	$29.5M	$101.7M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006020	+0.333%	$9.3M	$36.1M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006019	+0.317%	$7.0M	$5.7M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006023	+0.383%	$30.4M	$17.5M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006023	+0.383%	$4.9M	$2.7M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006020	+0.333%	$11.3M	$14.2M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006026	+0.433%	$23K	$7K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006020	+0.333%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006032	+0.533%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USDshort	+0.0100%	1h	0.000006027	+0.450%	$521	$5K	10x
HTX SHIB-USDT	+0.0100%	8h	0.000006027	+0.450%	$413K	$595K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006020	+0.333%	$2.1M	$6.6M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006016	+0.269%	$53K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0118%	8h	0.000006022	+0.361%	$7K	$13	20x	as long as short
Pacifica kSHIB	+0.0183%	1h	0.000006021	+0.350%	$12K	$4K	10x	as long as short
GMX SHIB/USD [ETH-USDC]long	L +0.0213% / S −0.2404%	1h	0.000006000	long leg	$1K	—	100x
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006024	+0.395%	$1	—	20x	as long as short
Kraken Futures PF_SHIBUSD	+0.0757%	1h	0.000006021	+0.342%	$1.1M	$864K	50x	as long as short