Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +1.9% APRnext payment +$0.18 per $10,000 · paid last 24h −0.001%
Price spread now: Paradex against Phemex+0.027%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.027% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex u1000SHIBUSDT | 0.000006020 | 0.0100 | pay 0.0100% / 8h | 6h 21m | $2.1M | $6.6M | 50x |
| Short | Paradex kSHIB-USD-PERP | 0.000006022 | 0.0118 | get 0.0118% / 8h | 6h 21m | $7K | $13 | 20x |
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $3.72
- Price spread: +0.027% → 0.000%
- $2.74
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$9.54
- Costs to cover
- 0.160%
- Break-even
- 24.9 days
Slippage unknown: Phemex: live order book, 2 min ago; Paradex: 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, 2 min ago | 4.15 bp | 20.4 bp −$20 | 60.7 bp −$607 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
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 28 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006021 | +0.013% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006024 | +0.066% | $192K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006028 | +0.125% | $733 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.332% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0072% | 1h | 0.000006027 | +0.116% | $136K | $1.1M | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000006020 | 0.000% | — | $2.1M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0082% | 1h | 0.000006029 | +0.150% | $46K | $64K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006021 | +0.017% | $163K | $610K | 10x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000006027 | +0.116% | $3.7M | $4.7M | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006024 | +0.061% | $40K | $191K | 50x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Hyperliquid kSHIB
Aster 1000SHIBUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006022 | +0.027% | $29.4M | $101.7M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006020 | 0.000% | $9.3M | $36.1M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006018 | −0.033% | $7.0M | $5.7M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006022 | +0.033% | $30.4M | $17.5M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006021 | +0.017% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006022 | +0.033% | $11.4M | $14.2M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006026 | +0.100% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006027 | +0.116% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006032 | +0.199% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006027 | +0.116% | $521 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006027 | +0.116% | $413K | $595K | 75x | as long as short |
| Phemex u1000SHIBUSDTlong | +0.0100% | 8h | 0.000006020 | long leg | $2.1M | $6.6M | 50x | |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006017 | −0.047% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERPshort | +0.0118% | 8h | 0.000006022 | +0.027% | $7K | $13 | 20x | |
| Pacifica kSHIB | +0.0183% | 1h | 0.000006021 | +0.017% | $12K | $4K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.332% | $1K | — | 100x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006032 | +0.196% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0757% | 1h | 0.000006021 | +0.009% | $1.1M | $864K | 50x | as long as short |
Binance 1000SHIBUSDT
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
Extended 1000SHIB-USD
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD