SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2308%/8h= +252.7% APRnext payment +$2.88 per $10,000 · paid last 24h +0.632%

Price spread now: GMX against Lighter−16.430%7-day average — · you buy dearer than you sell

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

Long on Lighter 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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 16.430% cheaper against Lighter than usual: you would sell low and buy high (spread −16.430% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,643 on $10k: about 24 days of funding at the current rate (+$69 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 1000SHIB	0.000005983	0.0096	pay 0.0012% / 1h	34m 31s	$161K	$613K	10x
Short	GMX SHIB/USD [ETH-USDC]	0.000005000	L +0.0213% / S −0.2404%	get 0.0300% / 1h	34m 31s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now −16.430%Rate

Funding earned: $484.58
Price spread: −16.430% → 0.000%: −$1,642.99
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,170.4
Costs to cover: 0.120%
Break-even: 23.9 days

Slippage unknown: Lighter: live order book, 11 min ago; 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 Lighter live order book, 11 min ago	1.67 bp	8.0 bp −$8	60.8 bp −$608	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0293%	1h	0.000005995	+0.193%	$1.1M	$897K	50x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.0032%	1h	0.000005981	−0.033%	$135K	$1.1M	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000005980	−0.053%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000005992	+0.157%	$192K	$2.3M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000005979	−0.062%	$564	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+0.953%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDT	+0.0080%	8h	0.000005982	−0.017%	—	$2.1M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0083%	1h	0.000006000	+0.284%	$46K	$61K	25x	as long as short
Lighter 1000SHIBlong	+0.0096%	1h	0.000005983	long leg	$161K	$613K	10x
Hyperliquid kSHIB	+0.0100%	1h	0.000005989	+0.100%	$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	0.000005985	+0.026%	$41K	$317K	50x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000005985	+0.032%	$29.3M	$102.2M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000005983	0.000%	$9.2M	$36.0M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000005978	−0.084%	$6.9M	$5.8M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000005982	−0.017%	$29.6M	$17.3M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000005982	−0.017%	$4.9M	$2.7M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000005982	−0.017%	$11.2M	$14.3M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000005998	+0.251%	$23K	$7K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006000	+0.284%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006006	+0.384%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006000	+0.284%	$501	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000005992	+0.150%	$410K	$583K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006002	+0.318%	$2.1M	$6.7M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000005981	−0.040%	$53K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0110%	8h	0.000005989	+0.103%	$7K	$13	20x	as long as short
Pacifica kSHIB	+0.0135%	1h	0.000005982	−0.017%	$12K	$4K	10x	as long as short
GMX SHIB/USD [ETH-USDC]short	L +0.0213% / S −0.2404%	1h	0.000005000	−16.430%	$1K	—	100x
BloFin SHIB-USDT	+0.0220%	8h	0.000006002	+0.318%	$880K	$896K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000005983	+0.008%	$1	—	20x	as long as short