Funding you earn now, next payment 22:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h +0.003%
Price spread now: Gate against Injective−0.218%84s7-day average — · you buy dearer than you sell
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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.218% cheaper against Injective than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 84 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 | Injective SHIB/USDC PERP | 0.000005964 | 0.0187 | pay 0.0023% / 1h | 55m 55s | $245 | $67K | 5.5x |
| Short | Gate SHIB_USDT | 0.000005951 | 0.0100 | get 0.0100% / 8h | 2h 55m | $6.8M | $5.4M | 75x |
Injective SHIB/USDC PERP
Gate SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Injective. 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
- −$18.21
- Price spread: −0.218% → 0.000%
- −$21.8
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$55.03
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Gate: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Gate live order book, 2 min ago | 1.68 bp | 15.4 bp −$15 | 28.4 bp −$284 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX 1000SHIB-USDT | −0.0006% | 8h | 0.000005954 | −0.168% | — | $2.1M | — | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005952 | −0.196% | $50K | $1.6M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005954 | −0.168% | $42K | $61K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005951 | −0.213% | $724 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0016% | 1h | 0.000005949 | −0.252% | $89K | $751K | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0056% | 1h | 0.000005959 | −0.085% | $1.1M | $748K | 50x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005958 | −0.101% | $151K | $284K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005957 | −0.123% | $36K | $180K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005956 | −0.134% | $11K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005957 | −0.116% | $29.2M | $87.9M | 75x | as long as short |
BingX 1000SHIB-USDT
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
Kraken Futures PF_SHIBUSD
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005952 | −0.201% | $7.6M | $27.8M | 50x | as long as short |
| Gate SHIB_USDTshort | +0.0100% | 8h | 0.000005951 | −0.218% | $6.8M | $5.4M | 75x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005955 | −0.151% | $32.1M | $15.4M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005955 | −0.151% | $4.9M | $2.4M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005955 | −0.151% | $11.7M | $12.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005955 | −0.151% | $25K | $5K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005956 | −0.134% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005967 | +0.050% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005954 | −0.168% | $541 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005951 | −0.218% | $400K | $622K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005952 | −0.201% | $2.1M | $5.3M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0100% | 8h | 0.000005956 | −0.129% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005951 | −0.213% | $53K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERPlong | +0.0187% | 1h | 0.000005964 | long leg | $245 | $67K | 5.5x | |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.164% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005943 | −0.352% | $712K | $1.0M | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005951 | −0.216% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0638% | 1h | 0.000005964 | 0.000% | $4.3M | $3.7M | 10x | as long as short |
| dYdX SHIB-USD | +1.0260% | 1h | 0.000005955 | −0.152% | $23K | $64K | 10x | as long as short |
OKX SHIB-USDT-SWAP
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
dYdX SHIB-USD