Funding you earn now, next payment 05:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.15 per $10,000 · paid last 24h +0.029%
Price spread now: Backpack against gTrade (Gains Network)+0.068%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Backpack is 0.068% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$7 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 | gTrade (Gains Network) SHIB/USD | 0.000006155 | L +0.0006% / S 0.0000% | pay 0.0001% / 1h | 23m 35s | $581 | — | 150x |
| Short | Backpack kSHIB_USDC_PERP | 0.000006159 | 0.0130 | get 0.0016% / 1h | 23m 35s | $24K | $7K | 15x |
gTrade (Gains Network) SHIB/USD
Backpack kSHIB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against gTrade (Gains Network). 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
- $26.03
- Price spread: +0.068% → 0.000%
- $6.82
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $12.86
- Costs to cover
- 0.200%
- Break-even
- 3.5 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Backpack no order-book sample | — | — | — | — | — |
gTrade (Gains Network) and Backpack: 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 | −0.0168% | 1h | 0.000006161 | +0.101% | $121K | $1.4M | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | −0.0064% | 1h | 0.000006148 | −0.113% | $1.2M | $1.0M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006161 | +0.101% | $24K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006151 | −0.058% | $170K | $2.9M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006152 | −0.045% | $51K | $61K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USDlong | L +0.0006% / S 0.0000% | 1h | 0.000006155 | long leg | $581 | — | 150x | |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −1.865% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0070% | 8h | 0.000006161 | +0.101% | — | $2.2M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006165 | +0.166% | $162K | $622K | 10x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000006171 | +0.263% | $3.7M | $5.2M | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kraken Futures PF_SHIBUSD
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Lighter 1000SHIB
Hyperliquid kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006165 | +0.159% | $43K | $328K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006165 | +0.161% | $31.7M | $116.6M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006159 | +0.068% | $10.0M | $41.3M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006157 | +0.036% | $7.3M | $6.8M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006162 | +0.117% | $30.5M | $18.9M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006159 | +0.068% | $4.8M | $3.0M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006164 | +0.149% | $11.8M | $16.1M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006151 | −0.062% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006159 | +0.068% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006151 | −0.062% | $501 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006149 | −0.094% | $424K | $576K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006160 | +0.084% | $2.1M | $7.2M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000006162 | +0.112% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006157 | +0.029% | $55K | $4K | 25x | as long as short |
| Backpack kSHIB_USDC_PERPshort | +0.0130% | 1h | 0.000006159 | +0.068% | $24K | $7K | 15x | |
| Pacifica kSHIB | +0.0188% | 1h | 0.000006166 | +0.182% | $12K | $5K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −2.515% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006149 | −0.094% | $943K | $918K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006152 | −0.040% | $1 | — | 20x | as long as short |
Aster 1000SHIBUSDT
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP