Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Phemex−0.027%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.027% cheaper against Phemex than usual: you would sell low and buy high (−$3 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 | Phemex u1000SHIBUSDT | 0.000006011 | 0.0100 | pay 0.0100% / 8h | 37m 50s | $2.1M | $7.6M | 50x |
| Short | gTrade (Gains Network) SHIB/USD | 0.000006009 | L +0.0006% / S 0.0000% | pay 0.0000% / 1h | 37m 50s | $567 | — | 150x |
Phemex u1000SHIBUSDT
gTrade (Gains Network) SHIB/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Phemex. 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
- −$21.08
- Price spread: −0.027% → 0.000%
- −$2.66
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$45.74
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 6 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 Phemex live order book, 6 min ago | 4.97 bp | 13.6 bp −$14 | 44.5 bp −$445 | 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 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 | −0.0016% | 1h | 0.000006001 | −0.166% | $117K | $1.5M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006015 | +0.068% | $119K | $3.2M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USDshort | L +0.0006% / S 0.0000% | 1h | 0.000006009 | −0.027% | $567 | — | 150x | |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.482% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000006006 | −0.083% | — | $1.6M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0083% | 1h | 0.000006013 | +0.033% | $50K | $59K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006012 | +0.017% | $156K | $640K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006006 | −0.090% | $41K | $314K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006017 | +0.100% | $12K | $6K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006004 | −0.121% | $30.3M | $127.6M | 75x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Deribit 1000SHIB_USDC-PERPETUAL
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 | 0.000006002 | −0.150% | $9.2M | $43.3M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006001 | −0.166% | $7.0M | $7.3M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006002 | −0.150% | $28.8M | $20.1M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006009 | −0.033% | $4.6M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006004 | −0.116% | $11.3M | $17.1M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006009 | −0.033% | $23K | $8K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006013 | +0.033% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006021 | +0.166% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006011 | 0.000% | $516 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006011 | 0.000% | $409K | $576K | 75x | as long as short |
| Phemex u1000SHIBUSDTlong | +0.0100% | 8h | 0.000006011 | long leg | $2.1M | $7.6M | 50x | |
| Paradex kSHIB-USD-PERP | +0.0104% | 8h | 0.000006018 | +0.119% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006005 | −0.101% | $53K | $4K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0200% | 1h | 0.000006007 | −0.075% | $1.2M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | −0.183% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006010 | −0.017% | $864K | $936K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0273% | 1h | 0.000006013 | +0.033% | $3.6M | $5.4M | 10x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006013 | +0.033% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.2382% | 1h | 0.000006014 | +0.048% | $36K | $70K | 10x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Hyperliquid kSHIB
Reya kSHIBRUSDPERP
dYdX SHIB-USD