SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2370%/8h= +259.5% APRnext payment +$2.96 per $10,000 · paid last 24h +0.643%

Price spread now: GMX against Injective−17.219%57s7-day average — · you buy dearer than you sell

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

Long on Injective Short on GMX

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

Funding pays, the price is against you. GMX is 17.219% cheaper against Injective than usual: you would sell low and buy high (spread −17.219% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,722 on $10k: about 24 days of funding at the current rate (+$71 a day). The two prices were read 57 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	0.000006040	0.0033	pay 0.0004% / 1h	47m 33s	$248	$134K	5.5x
Short	GMX SHIB/USD [ETH-USDC]	0.000005000	L +0.0213% / S −0.2404%	get 0.0300% / 1h	47m 33s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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 InjectivebpFee GMXbpOrdersPrice spread, now −17.219%Rate

Funding earned: $497.74
Price spread: −17.219% → 0.000%: −$1,721.85
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,236.13
Costs to cover: 0.120%
Break-even: 24.4 days

Slippage unknown: Injective: no order-book sample; GMX: 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 Injective no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Injective and 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
Kraken Futures PF_SHIBUSD	−0.0355%	1h	0.000005925	−1.898%	$1.1M	$927K	50x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.0088%	1h	0.000005921	−1.970%	$124K	$1.1M	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000005924	−1.922%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000005928	−1.853%	$192K	$2.3M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000005929	−1.846%	$560	—	150x	as long as short
Injective SHIB/USDC PERPlong	+0.0033%	1h	0.000006040	long leg	$248	$134K	5.5x
BingX 1000SHIB-USDC	+0.0080%	8h	0.000005929	−1.838%	—	$1.6M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0087%	1h	0.000005929	−1.838%	$45K	$61K	25x	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000005928	−1.854%	$159K	$603K	10x	as long as short
Hyperliquid kSHIB	+0.0100%	1h	0.000005931	−1.805%	$3.6M	$4.8M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000SHIBUSDT	+0.0100%	8h	0.000005925	−1.910%	$40K	$321K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000005928	−1.854%	$12K	$5K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000005927	−1.871%	$29.1M	$103.4M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000005926	−1.887%	$9.2M	$36.0M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000005925	−1.904%	$6.9M	$5.9M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000005923	−1.937%	$29.7M	$17.7M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000005927	−1.871%	$4.8M	$2.7M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000005925	−1.904%	$11.2M	$14.5M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000005931	−1.805%	$23K	$7K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000005931	−1.805%	$6K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000005941	−1.639%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000005928	−1.854%	$487	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000005931	−1.805%	$405K	$566K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000005923	−1.937%	$2.1M	$6.8M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000005924	−1.918%	$53K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0110%	8h	0.000005928	−1.848%	$7K	$13	20x	as long as short
GMX SHIB/USD [ETH-USDC]short	L +0.0213% / S −0.2404%	1h	0.000005000	−17.219%	$1K	—	100x
BloFin SHIB-USDT	+0.0220%	8h	0.000005922	−1.954%	$874K	$881K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000005928	−1.850%	$1	—	20x	as long as short