Funding you earn now, next payment 08:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.22 per $10,000 · paid last 24h +0.001%
Price spread now: Phemex against Paradex−0.237%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
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Phemex is 0.237% cheaper against Paradex than usual: you would sell low and buy high (−$24 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 | Paradex kSHIB-USD-PERP | 0.000006245 | 0.0122 | pay 0.0122% / 8h | 3h 52m | $7K | $13 | 20x |
| Short | Phemex u1000SHIBUSDT | 0.000006230 | 0.0100 | get 0.0100% / 8h | 3h 52m | $2.2M | $7.0M | 50x |
Paradex kSHIB-USD-PERP
Phemex u1000SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Paradex. 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
- −$4.54
- Price spread: −0.237% → 0.000%
- −$23.67
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$44.21
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Phemex: 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 2 min ago | 24.13 bp | 32.4 bp −$32 | 66.9 bp −$669 | doesn't fit | doesn't fit |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTX | −0.0168% | 1h | 0.000006235 | −0.157% | $109K | $1.3M | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | −0.0063% | 1h | 0.000006233 | −0.188% | $1.2M | $963K | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006239 | −0.095% | $24K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006230 | −0.238% | $180K | $2.5M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006231 | −0.214% | $588 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −3.279% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006233 | −0.189% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006238 | −0.109% | $164K | $610K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006237 | −0.121% | $43K | $322K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006238 | −0.102% | $31.4M | $110.4M | 75x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kraken Futures PF_SHIBUSD
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDT
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 | 0.000006233 | −0.189% | $10.0M | $39.7M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006231 | −0.221% | $7.3M | $6.1M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006233 | −0.189% | $31.9M | $18.5M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006236 | −0.141% | $4.9M | $2.9M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006234 | −0.173% | $11.8M | $15.1M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006233 | −0.189% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006247 | +0.036% | $3K | $25K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006237 | −0.125% | $499 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006242 | −0.045% | $425K | $562K | 75x | as long as short |
| Phemex u1000SHIBUSDTshort | +0.0100% | 8h | 0.000006230 | −0.237% | $2.2M | $7.0M | 50x | |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006235 | −0.161% | $55K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERPlong | +0.0122% | 8h | 0.000006245 | long leg | $7K | $13 | 20x | |
| Hyperliquid kSHIB | +0.0183% | 1h | 0.000006242 | −0.045% | $3.7M | $5.0M | 10x | as long as short |
| Pacifica kSHIB | +0.0188% | 1h | 0.000006239 | −0.093% | $12K | $5K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0214% / S −0.2404% | 1h | 0.000006000 | −3.920% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006231 | −0.221% | $915K | $925K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0231% | 1h | 0.000006239 | −0.093% | $48K | $58K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006231 | −0.221% | $1 | — | 20x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0514% | 1h | 0.000006237 | −0.125% | $24K | $7K | 15x | 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
Extended 1000SHIB-USD
Hyperliquid kSHIB
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP
Backpack kSHIB_USDC_PERP