Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.26 per $10,000 · paid last 24h +0.001%
Price spread now: Orderly against Paradex−0.219%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.219% cheaper against Paradex than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex kSHIB-USD-PERP | 0.000006020 | 0.0126 | pay 0.0126% / 8h | 7h 01m | $7K | $13 | 20x |
| Short | Orderly PERP_1000SHIB_USDC | 0.000006007 | 0.0100 | get 0.0100% / 8h | 7h 01m | $7K | $4K | 20x |
Paradex kSHIB-USD-PERP
Orderly PERP_1000SHIB_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Paradex. 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
- −$5.47
- Price spread: −0.219% → 0.000%
- −$21.94
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$37.42
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Orderly: 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Orderly no order-book sample | — | — | — | — | — |
Paradex and Orderly: 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 | 0.000006018 | −0.037% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006016 | −0.063% | $206K | $2.3M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006023 | +0.046% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006004 | −0.273% | $730 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.329% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0064% | 1h | 0.000006072 | +0.860% | $85K | $853K | 50x | as long as short |
| BingX 1000SHIB-USDC | +0.0080% | 8h | 0.000006005 | −0.253% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006023 | +0.046% | $237K | $470K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006019 | −0.025% | $37K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006022 | +0.030% | $12K | $4K | 10x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006009 | −0.186% | $29.5M | $99.2M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006007 | −0.219% | $9.1M | $34.8M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006005 | −0.253% | $7.0M | $5.7M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006009 | −0.186% | $31.1M | $17.1M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006010 | −0.170% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006009 | −0.186% | $11.3M | $13.9M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDCshort | +0.0100% | 8h | 0.000006007 | −0.219% | $7K | $4K | 20x | |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006036 | +0.262% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006019 | −0.020% | $532 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006018 | −0.037% | $413K | $599K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006022 | +0.030% | $2.1M | $6.4M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006015 | −0.094% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERPlong | +0.0126% | 8h | 0.000006020 | long leg | $7K | $13 | 20x | |
| Backpack kSHIB_USDC_PERP | +0.0173% | 1h | 0.000006019 | −0.020% | $23K | $7K | 15x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.336% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006029 | +0.146% | $858K | $933K | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0261% | 1h | 0.000006021 | +0.008% | $1.1M | $826K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006008 | −0.198% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0719% | 1h | 0.000006025 | +0.080% | $4.4M | $4.0M | 10x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Backpack kSHIB_USDC_PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Kraken Futures PF_SHIBUSD
Reya kSHIBRUSDPERP
Hyperliquid kSHIB