Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.18 per $10,000 · paid last 24h +0.001%
Price spread now: Phemex against Paradex−0.209%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 Phemex is 0.209% cheaper against Paradex than usual: you would sell low and buy high (−$21 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 | 0.000006063 | 0.0118 | pay 0.0118% / 8h | 4h 12m | $7K | $13 | 20x |
| Short | Phemex u1000SHIBUSDT | 0.000006050 | 0.0100 | get 0.0100% / 8h | 4h 12m | $2.1M | $6.9M | 50x |
Paradex kSHIB-USD-PERP
Phemex u1000SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$3.78
- Price spread: −0.209% → 0.000%
- −$20.95
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$40.73
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 1 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 1 min ago | 10.76 bp | 20.0 bp −$20 | 53.9 bp −$539 | doesn't fit | doesn't fit |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SHIBUSD | −0.0348% | 1h | 0.000006053 | −0.167% | $1.1M | $936K | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0088% | 1h | 0.000006016 | −0.770% | $125K | $1.1M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006051 | −0.195% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006037 | −0.426% | $190K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006044 | −0.310% | $571 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −0.374% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000006062 | −0.012% | — | $2.1M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006057 | −0.094% | $161K | $608K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006052 | −0.185% | $41K | $321K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006053 | −0.160% | $12K | $5K | 10x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
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 | 0.000006059 | −0.063% | $29.9M | $105.1M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006062 | −0.012% | $9.5M | $37.1M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006059 | −0.061% | $7.0M | $6.0M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006060 | −0.045% | $30.3M | $17.8M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006052 | −0.176% | $4.8M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006062 | −0.012% | $11.6M | $14.6M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006051 | −0.193% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006060 | −0.045% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006052 | −0.176% | $478 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006050 | −0.209% | $413K | $555K | 75x | as long as short |
| Phemex u1000SHIBUSDTshort | +0.0100% | 8h | 0.000006050 | −0.209% | $2.1M | $6.9M | 50x | |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006060 | −0.043% | $54K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERPlong | +0.0118% | 8h | 0.000006063 | long leg | $7K | $13 | 20x | |
| Backpack kSHIB_USDC_PERP | +0.0124% | 1h | 0.000006056 | −0.111% | $23K | $7K | 15x | as long as short |
| Hyperliquid kSHIB | +0.0132% | 1h | 0.000006062 | −0.012% | $3.6M | $4.8M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.034% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006048 | −0.242% | $890K | $897K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006046 | −0.279% | $1 | — | 20x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0411% | 1h | 0.000006051 | −0.193% | $46K | $58K | 25x | as long as short |
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
Extended 1000SHIB-USD
Backpack kSHIB_USDC_PERP
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Deribit 1000SHIB_USDC-PERPETUAL