Funding you earn now, next payment 08:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h −0.025%
Price spread now: Coinbase International against Gate+0.235%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$610.606% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)−0.399%−$40 · spread now +0.235%, 7d avg +0.026%
=The price spread pays, funding is against you. Coinbase International is 0.209% dearer against Gate than usual: you sell high and buy low (spread +0.235% now, against its 7-day average of +0.026%): +$21 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.7 days. At the pace of the last 7 days (−0.116% in total) that is about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SHIB_USDT | 0.000005966 | 0.0099 | pay 0.0099% / 8h | 7h 35m | $7.0M | $7.0M | 75x |
| Short | Coinbase International 1000SHIB-PERP-INTX | 0.000005980 | −0.0024 | pay 0.0003% / 1h | 35m 58s | $129K | $1.7M | 50x |
Gate SHIB_USDT
Coinbase International 1000SHIB-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Gate. 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
- −$25.83
- Price spread: +0.235% → +0.026%
- $20.9
- Slippage, 4 orders
- −$35.57
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$65.51
- Costs to cover
- 0.606%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Coinbase International: live order book, 3 min ago.
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 Gate live order book, 2 min ago | 2.51 bp | 16.2 bp −$16 | 29.9 bp −$299 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 10.05 bp | 15.0 bp −$15 | 20.6 bp −$206 | doesn't fit | doesn't fit |
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-INTXshort | −0.0024% | 1h | 0.000005980 | +0.235% | $129K | $1.7M | 50x | |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005972 | +0.097% | $144K | $3.2M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005968 | +0.039% | $563 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.240% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000005970 | +0.067% | — | $1.6M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0085% | 1h | 0.000005972 | +0.101% | $50K | $55K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005973 | +0.117% | $155K | $642K | 10x | as long as short |
| Gate SHIB_USDTlong | +0.0099% | 8h | 0.000005966 | long leg | $7.0M | $7.0M | 75x | |
| Kraken Futures PF_SHIBUSD | +0.0100% | 1h | 0.000005969 | +0.044% | $1.2M | $1.0M | 50x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000005977 | +0.184% | $3.6M | $5.5M | 10x | as long as short |
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Kraken Futures PF_SHIBUSD
Hyperliquid kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005974 | +0.126% | $41K | $297K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005971 | +0.084% | $12K | $6K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005972 | +0.101% | $30.4M | $128.2M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005965 | −0.017% | $8.9M | $44.8M | 50x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005968 | +0.034% | $28.5M | $20.1M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005968 | +0.034% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005969 | +0.050% | $11.3M | $17.2M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005970 | +0.067% | $23K | $8K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005969 | +0.050% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005980 | +0.235% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005972 | +0.101% | $513 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005970 | +0.067% | $412K | $566K | 75x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000005970 | +0.069% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005965 | −0.010% | $53K | $4K | 25x | as long as short |
| Phemex u1000SHIBUSDT | +0.0194% | 8h | 0.000005975 | +0.151% | $2.1M | $7.7M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000005000 | −16.192% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005974 | +0.134% | $850K | $929K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005967 | +0.014% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.9983% | 1h | 0.000005969 | +0.049% | $23K | $82K | 10x | as long as short |
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Phemex u1000SHIBUSDT
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
dYdX SHIB-USD