Funding you earn now, next payment 07:00 UTC+0.5454%/8h= +597.2% APRnext payment +$6.82 per $10,000 · paid last 24h +0.707%
Price spread now: dYdX against Coinbase International+0.138%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.573%+$157 on $10k
+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 +$164 a day on $10k at the current rate, and dYdX is 0.138% dearer against Coinbase International than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.573% in total (about 82.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.82 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000SHIB-PERP-INTX | 0.000005961 | −0.0016 | get 0.0002% / 1h | 13m 29s | $116K | $1.6M | 50x |
| Short | dYdX SHIB-USD | 0.000005969 | 0.5438 | get 0.0680% / 1h | 13m 29s | $35K | $70K | 10x |
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Coinbase International. 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
- $1,145.39
- Price spread: +0.138% → 0.000%
- $13.8
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $1,139.19
- Costs to cover
- 0.200%
- Break-even
- 0.0 days
Slippage unknown: Coinbase International: live order book, 5 min ago; dYdX: 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 Coinbase International live order book, 5 min ago | 5.86 bp | 14.1 bp −$14 | 20.2 bp −$202 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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-INTXlong | −0.0016% | 1h | 0.000005961 | long leg | $116K | $1.6M | 50x | |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005969 | +0.134% | $126K | $3.2M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005967 | +0.101% | $50K | $59K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005972 | +0.190% | $564 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.325% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000005975 | +0.235% | — | $1.6M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005971 | +0.168% | $155K | $644K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005975 | +0.226% | $41K | $301K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005969 | +0.134% | $12K | $6K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005978 | +0.277% | $30.4M | $128.2M | 75x | as long as short |
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005972 | +0.185% | $8.8M | $44.1M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005971 | +0.168% | $7.0M | $7.3M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005968 | +0.117% | $28.6M | $20.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005970 | +0.151% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005972 | +0.185% | $11.3M | $17.3M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005970 | +0.151% | $23K | $8K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005976 | +0.252% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005977 | +0.268% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005965 | +0.067% | $504 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005970 | +0.151% | $407K | $576K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005970 | +0.151% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0103% | 8h | 0.000005970 | +0.151% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005969 | +0.127% | $53K | $4K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0201% | 1h | 0.000005963 | +0.032% | $1.2M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000005000 | −16.121% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005965 | +0.067% | $843K | $930K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0226% | 1h | 0.000005981 | +0.336% | $3.6M | $5.5M | 10x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005972 | +0.192% | $1 | — | 20x | as long as short |
| dYdX SHIB-USDshort | +0.5438% | 1h | 0.000005969 | +0.138% | $35K | $70K | 10x |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Hyperliquid kSHIB
Reya kSHIBRUSDPERP