Funding you earn now, next payment 19:00 UTC+0.0012%/8hpaid last 24h +0.005%
Price spread now: Gate against Coinbase International+0.459%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$560.560% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 3 days (all we have)−0.449%−$45 · spread now +0.459%, 7d avg −0.033%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Gate is 0.491% dearer against Coinbase International than usual: you sell high and buy low: +$49 more if the spread goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International 1000SHIB-PERP-INTX | 0.000005887 | 0.0088 | pay 0.0011% / 1h | 6m 37s | $92K | $843K | 50x |
| Short | Gate SHIB_USDT | 0.000005914 | 0.0100 | get 0.0100% / 8h | 4h 06m | $6.7M | $5.4M | 75x |
Coinbase International 1000SHIB-PERP-INTX
Gate SHIB_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $2.52
- Price spread: +0.459% → −0.033%
- $49.15
- Slippage, 4 orders
- −$30.98
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$4.31
- Costs to cover
- 0.560%
- Break-even
- 19.0 days
Slippage from Coinbase International: live order book, 26 min ago; Gate: live order book, 1 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 Coinbase International live order book, 26 min ago | 8.48 bp | 15.1 bp −$15 | 21.6 bp −$216 | doesn't fit | doesn't fit |
| Sell Gate live order book, 1 min ago | 1.69 bp | 12.5 bp −$12 | 30.8 bp −$308 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005922 | +0.589% | $86K | $1.5M | 2x | as long as short |
| BingX 1000SHIB-USDT | +0.0003% | 8h | 0.000005914 | +0.459% | — | $2.1M | — | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005920 | +0.554% | $720 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000005767 | −2.038% | $236 | $36K | 5.5x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0088% | 1h | 0.000005921 | +0.578% | $42K | $64K | 25x | as long as short |
| Coinbase International 1000SHIB-PERP-INTXlong | +0.0088% | 1h | 0.000005887 | long leg | $92K | $843K | 50x | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005916 | +0.493% | $151K | $289K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005921 | +0.571% | $35K | $160K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005918 | +0.527% | $11K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005918 | +0.533% | $29.0M | $85.0M | 75x | as long as short |
Kalshi KXKSHIBPERP
BingX 1000SHIB-USDT
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Deribit 1000SHIB_USDC-PERPETUAL
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 | 0.000005910 | +0.391% | $7.7M | $27.0M | 50x | as long as short |
| Gate SHIB_USDTshort | +0.0100% | 8h | 0.000005914 | +0.459% | $6.7M | $5.4M | 75x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005913 | +0.442% | $32.8M | $14.9M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005915 | +0.476% | $4.8M | $2.4M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005918 | +0.527% | $11.4M | $12.1M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005921 | +0.578% | $27K | $4K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005918 | +0.527% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005929 | +0.713% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005919 | +0.544% | $561 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005919 | +0.544% | $399K | $636K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005920 | +0.561% | $2.1M | $5.1M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0100% | 8h | 0.000005916 | +0.487% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005912 | +0.421% | $52K | $4K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0144% | 1h | 0.000005916 | +0.493% | $1.1M | $719K | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −15.067% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005916 | +0.493% | $724K | $1.1M | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005916 | +0.487% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0564% | 1h | 0.000005928 | +0.696% | $4.3M | $3.7M | 10x | as long as short |
| dYdX SHIB-USD | +0.6036% | 1h | 0.000005917 | +0.503% | $23K | $66K | 10x | as long as short |
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
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
dYdX SHIB-USD