Funding you earn now, next payment 12:00 UTC−0.0096%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.028%
Price spread now: gTrade (Gains Network) against Lighter−0.082%7-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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.082% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter 1000SHIB | 0.000005948 | 0.0096 | pay 0.0012% / 1h | 50m 58s | $168K | $616K | 10x |
| Short | gTrade (Gains Network) SHIB/USD | 0.000005943 | L +0.0006% / S 0.0000% | pay 0.0000% / 1h | 50m 58s | $561 | — | 150x |
Lighter 1000SHIB
gTrade (Gains Network) SHIB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Lighter. 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
- −$20.24
- Price spread: −0.082% → 0.000%
- −$8.24
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$38.47
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 47 min ago; 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 Lighter live order book, 47 min ago | 0.83 bp | 7.0 bp −$7 | 63.5 bp −$635 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
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 | 0.000005944 | −0.059% | $36K | $3.6M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005945 | −0.050% | $51K | $50K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USDshort | L +0.0006% / S 0.0000% | 1h | 0.000005943 | −0.082% | $561 | — | 150x | |
| Coinbase International 1000SHIB-PERP-INTX | +0.0016% | 1h | 0.000005954 | +0.101% | $146K | $1.7M | 50x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.547% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000005947 | −0.017% | — | $2.2M | — | as long as short |
| Lighter 1000SHIBlong | +0.0096% | 1h | 0.000005948 | long leg | $168K | $616K | 10x | |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005949 | +0.010% | $43K | $284K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005949 | +0.017% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005950 | +0.034% | $30.8M | $129.2M | 75x | as long as short |
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
Coinbase International 1000SHIB-PERP-INTX
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005947 | −0.017% | $9.4M | $45.5M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005943 | −0.084% | $7.0M | $6.8M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005948 | 0.000% | $27.1M | $19.0M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005946 | −0.034% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005947 | −0.017% | $11.4M | $17.6M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005946 | −0.034% | $6K | $2K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005956 | +0.134% | $2K | $25K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005945 | −0.050% | $504 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005949 | +0.017% | $408K | $488K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005946 | −0.034% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0103% | 8h | 0.000005946 | −0.030% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005946 | −0.042% | $53K | $4K | 25x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0182% | 1h | 0.000005947 | −0.017% | $23K | $9K | 15x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0210% | 1h | 0.000005948 | −0.007% | $1.2M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0211% / S −0.2404% | 1h | 0.000005000 | −15.938% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005946 | −0.034% | $912K | $875K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0251% | 1h | 0.000005952 | +0.067% | $3.6M | $5.2M | 10x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005944 | −0.069% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +1.1070% | 1h | 0.000005945 | −0.047% | $31K | $52K | 10x | as long as short |
OKX SHIB-USDT-SWAP
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
Extended 1000SHIB-USD
Backpack kSHIB_USDC_PERP
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Hyperliquid kSHIB
Reya kSHIBRUSDPERP
dYdX SHIB-USD