SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h +0.011%

Price spread now: Deribit against Coinbase International−0.967%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.967% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.967% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$97 on $10k: about 3 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International 1000SHIB-PERP-INTX	0.000005995	−0.0032	get 0.0004% / 1h	4m 26s	$133K	$1.1M	50x
Short	Deribit 1000SHIB_USDC-PERPETUAL	0.000005937	0	get 0.0000% / 1h	4m 26s	$45K	$61K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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 Coinbase InternationalbpFee DeribitbpOrdersPrice spread, now −0.967%Rate

Funding earned: $6.72
Price spread: −0.967% → 0.000%: −$96.75
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$107.03
Costs to cover: 0.170%
Break-even: 118.5 days

Slippage unknown: Coinbase International: live order book, 4 min ago; Deribit: 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 Coinbase International live order book, 4 min ago	10.08 bp	15.1 bp −$15	23.2 bp −$232	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0296%	1h	0.000005935	−1.001%	$1.1M	$916K	50x	as long as short
Coinbase International 1000SHIB-PERP-INTXlong	−0.0032%	1h	0.000005995	long leg	$133K	$1.1M	50x
dYdX SHIB-USD	0.0000%	1h	0.000005934	−1.021%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000005943	−0.871%	$191K	$2.3M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUALshort	0.0000%	1h	0.000005937	−0.967%	$45K	$61K	25x
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000005936	−0.992%	$560	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+0.751%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	0.000005941	−0.901%	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000005940	−0.917%	$160K	$615K	10x	as long as short
Hyperliquid kSHIB	+0.0100%	1h	0.000005941	−0.901%	$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	0.000005939	−0.929%	$40K	$320K	50x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000005940	−0.917%	$29.1M	$102.9M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000005935	−1.001%	$9.2M	$36.0M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000005936	−0.984%	$6.9M	$5.9M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000005940	−0.917%	$29.4M	$17.5M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000005938	−0.951%	$4.9M	$2.7M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000005936	−0.984%	$11.2M	$14.5M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000005934	−1.018%	$23K	$7K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000005938	−0.951%	$6K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000005951	−0.734%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000005938	−0.951%	$495	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000005934	−1.018%	$406K	$583K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000005943	−0.867%	$2.1M	$6.8M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000005938	−0.951%	$53K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0110%	8h	0.000005941	−0.898%	$7K	$13	20x	as long as short
Pacifica kSHIB	+0.0135%	1h	0.000005939	−0.934%	$12K	$4K	10x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000005000	−16.597%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000005936	−0.984%	$870K	$883K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000005936	−0.981%	$1	—	20x	as long as short