Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Phemex against Extended+0.165%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.165% dearer against Extended than usual: you sell high and buy low, +$17 on $10k if it 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 | Extended 1000SHIB-USD | 0.000006109 | 0.0104 | pay 0.0013% / 1h | 45m 39s | $54K | $4K | 25x |
| Short | Phemex u1000SHIBUSDT | 0.000006119 | 0.0100 | get 0.0100% / 8h | 45m 39s | $2.1M | $5.9M | 50x |
Extended 1000SHIB-USD
Phemex u1000SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Extended. 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
- −$0.84
- Price spread: +0.165% → 0.000%
- $16.51
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$1.33
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Extended: no order-book sample; Phemex: live order book, 3 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 Extended no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 3 min ago | 0.82 bp | 13.3 bp −$13 | 42.7 bp −$427 | doesn't fit | doesn't fit |
Extended: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006112 | +0.054% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006109 | −0.004% | $73K | $1.9M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006117 | +0.131% | $744 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0032% | 1h | 0.000006113 | +0.067% | $81K | $791K | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000006113 | +0.067% | — | $2.1M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006118 | +0.149% | $154K | $290K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006117 | +0.128% | $36K | $175K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006118 | +0.149% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006116 | +0.112% | $30.1M | $94.8M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006112 | +0.050% | $8.8M | $32.6M | 50x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDT
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006110 | +0.018% | $7.0M | $5.6M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006115 | +0.100% | $30.7M | $16.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006113 | +0.067% | $5.0M | $2.5M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006115 | +0.100% | $11.7M | $13.3M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006120 | +0.181% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006121 | +0.198% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006115 | +0.100% | $536 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006113 | +0.067% | $417K | $614K | 75x | as long as short |
| Phemex u1000SHIBUSDTshort | +0.0100% | 8h | 0.000006119 | +0.165% | $2.1M | $5.9M | 50x | |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006116 | +0.123% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USDlong | +0.0104% | 1h | 0.000006109 | long leg | $54K | $4K | 25x | |
| Injective SHIB/USDC PERP | +0.0161% | 1h | 0.000006040 | −1.128% | $248 | $134K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.783% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006086 | −0.375% | $815K | $951K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006115 | +0.103% | $1 | — | 20x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0330% | 1h | 0.000006119 | +0.165% | $25K | $6K | 15x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0377% | 1h | 0.000006117 | +0.136% | $1.2M | $804K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0404% | 1h | 0.000006121 | +0.198% | $47K | $65K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0711% | 1h | 0.000006125 | +0.263% | $4.4M | $4.0M | 10x | as long as short |
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Paradex kSHIB-USD-PERP
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Backpack kSHIB_USDC_PERP
Kraken Futures PF_SHIBUSD
Deribit 1000SHIB_USDC-PERPETUAL
Hyperliquid kSHIB