SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.2081%/8h= +227.9% APRnext payment +$2.60 per $10,000 · paid last 24h +0.564%

Price spread now: GMX against Reya−16.448%7-day average — · you buy dearer than you sell

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

Long on Reya 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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 16.448% cheaper against Reya than usual: you would sell low and buy high (spread −16.448% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,645 on $10k: about 26 days of funding at the current rate (+$62 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kSHIBRUSDPERP	0.000005984	0.0323	pay 0.0040% / 1h	32m 08s	$1	—	20x
Short	GMX SHIB/USD [ETH-USDC]	0.000005000	L +0.0212% / S −0.2404%	get 0.0300% / 1h	32m 08s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Reya. 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 ReyabpFee GMXbpOrdersPrice spread, now −16.448%Rate

Funding earned: $437
Price spread: −16.448% → 0.000%: −$1,644.81
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,225.82
Costs to cover: 0.180%
Break-even: 26.6 days

Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Reya and 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	−0.0375%	1h	0.000005988	+0.065%	$1.1M	$1.1M	50x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.0088%	1h	0.000006016	+0.530%	$117K	$1.6M	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000005989	+0.078%	$23K	$56K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000005988	+0.062%	$105K	$3.3M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000005987	+0.038%	$565	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+0.931%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDT	+0.0050%	8h	0.000005990	+0.095%	—	$2.3M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0084%	1h	0.000005988	+0.062%	$46K	$65K	25x	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000005990	+0.095%	$155K	$640K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000005987	+0.041%	$41K	$336K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kSHIB	+0.0100%	1h	0.000005989	+0.078%	$12K	$5K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000005989	+0.077%	$29.9M	$128.0M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000005989	+0.078%	$9.1M	$43.3M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000005984	−0.005%	$7.0M	$7.4M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000005990	+0.095%	$28.0M	$19.6M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000005989	+0.078%	$4.6M	$3.2M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000005991	+0.112%	$11.3M	$17.4M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000005991	+0.112%	$23K	$8K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000005987	+0.045%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000005995	+0.179%	$2K	$27K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000005987	+0.045%	$503	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000005990	+0.095%	$407K	$577K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000005994	+0.162%	$2.1M	$7.7M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0102%	8h	0.000005988	+0.065%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000005985	+0.013%	$53K	$4K	25x	as long as short
Hyperliquid kSHIB	+0.0112%	1h	0.000005996	+0.195%	$3.6M	$5.4M	10x	as long as short
GMX SHIB/USD [ETH-USDC]short	L +0.0212% / S −0.2404%	1h	0.000005000	−16.448%	$1K	—	100x
BloFin SHIB-USDT	+0.0220%	8h	0.000005991	+0.112%	$868K	$928K	50x	as long as short
Reya kSHIBRUSDPERPlong	+0.0323%	1h	0.000005984	long leg	$1	—	20x