data as of
Settings8H · net · $10k
Funding arb /

SHIB

all SHIB markets
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Funding spread now, next payment 16:00 UTC+0.0145%/8h
next payment, per $10,000+$0.18paid, last 24h−0.117%paid, last 3 days−0.119%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX SHIB/USD [ETH-USDC]0.000005000L +0.0214% / S −0.2404%pay 0.0027% / 1h33m 28s$1K100x
ShortKraken Futures PF_SHIBUSD0.0000058680.0359get 0.0045% / 1h33m 28s$1.1M$688K50x

Funding history

latest
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Funding on every exchange

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Profit calculator

Funding earned
$30.47
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$8.47
Break-even
5.1 days
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 1 min ago. Net counts fees only.

Price risk

price view
Price gap now
+17.359%
Avg gap 7d
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Kraken Futures live order book, 1 min ago4.26 bp15.9 bp −$1628.4 bp −$284doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Coinbase International 1000SHIB-PERP-INTX−0.0008%1h$92K$881K50xas long as short
Kalshi KXKSHIBPERP0.0000%8h$249K$1.2M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h$36K$63K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0007% / S −0.0008%1h$1K150xas long as short
Gate SHIB_USDT+0.0069%8h$6.6M$4.5M75xas long as short
BingX 1000SHIB-USDC+0.0080%8h$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h$157K$296K10xas long as short
Paradex kSHIB-USD-PERP+0.0097%8h$7K20xas long as short
Aster 1000SHIBUSDT+0.0100%8h$46K$171K50xas long as short
Pacifica kSHIB+0.0100%1h$11K$4K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance 1000SHIBUSDT+0.0100%8h$28.3M$66.9M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h$7.6M$22.3M50xas long as short
MEXC SHIB_USDT+0.0100%8h$35.0M$10.7M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h$5.0M$2.2M75xas long as short
Bitget SHIBUSDT+0.0100%8h$11.1M$10.0M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h$27K$4K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h$6K$1K20xas long as short
SunX SHIB-USDT+0.0100%8h$2K$19K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h$510$5K10xas long as short
HTX SHIB-USDT+0.0100%8h$399K$787K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h$2.1M$4.3M50xas long as short
Extended 1000SHIB-USD+0.0104%1h$52K$6K25xas long as short
Hyperliquid kSHIB+0.0204%1h$3.5M$2.3M10xas long as short
GMX SHIB/USD [ETH-USDC]longL +0.0214% / S −0.2404%1h$1K100x
BloFin SHIB-USDT+0.0220%8h$743K$846K50xas long as short
Injective SHIB/USDC PERP+0.0306%1h$236$110K5.5xas long as short
Reya kSHIBRUSDPERP+0.0323%1h$120xas long as short
Kraken Futures PF_SHIBUSDshort+0.0359%1h$1.1M$688K50x
dYdX SHIB-USD+0.1907%1h$22K$66K10xas long as short