SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0379%/8h= +41.5% APRnext payment +$0.47 per $10,000 · paid last 24h +0.101%

Price spread now: Reya against Coinbase International−0.951%192s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.951% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.951% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$95 on $10k: about 8.4 days of funding at the current rate (+$11 a day). The two prices were read 192 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International 1000SHIB-PERP-INTX	0.000006068	−0.0056	get 0.0007% / 1h	48m 06s	$131K	$1.7M	50x
Short	Reya kSHIBRUSDPERP	0.000006010	0.0323	get 0.0040% / 1h	48m 06s	$1	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee ReyabpOrdersPrice spread, now −0.951%Rate

Funding earned: $79.51
Price spread: −0.951% → 0.000%: −$95.1
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$31.59
Costs to cover: 0.160%
Break-even: 9.8 days

Slippage unknown: Coinbase International: live order book, 4 min ago; Reya: 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, 4 min ago	9.98 bp	15.0 bp −$15	19.4 bp −$194	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 exchanges

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	−0.0056%	1h	0.000006068	long leg	$131K	$1.7M	50x
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006010	−0.956%	$77K	$3.5M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006014	−0.888%	$568	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	−0.461%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDC	+0.0070%	8h	0.000006018	−0.824%	—	$1.7M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0082%	1h	0.000006018	−0.824%	$45K	$46K	25x	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006019	−0.808%	$155K	$606K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006015	−0.879%	$40K	$273K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006017	−0.840%	$12K	$5K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006017	−0.838%	$31.2M	$128.4M	75x	as long as short

Show all 29 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006019	−0.808%	$9.6M	$45.9M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006014	−0.890%	$7.1M	$6.7M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006013	−0.906%	$27.7M	$19.0M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006014	−0.890%	$4.7M	$3.2M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006015	−0.873%	$11.4M	$17.5M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006019	−0.808%	$23K	$9K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006015	−0.873%	$7K	$2K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006028	−0.659%	$2K	$25K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006018	−0.824%	$519	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006022	−0.758%	$413K	$482K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006015	−0.873%	$2.1M	$7.7M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0101%	8h	0.000006016	−0.862%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006014	−0.886%	$54K	$4K	25x	as long as short
Hyperliquid kSHIB	+0.0153%	1h	0.000006025	−0.709%	$3.6M	$5.2M	10x	as long as short
Kraken Futures PF_SHIBUSD	+0.0202%	1h	0.000006014	−0.890%	$1.2M	$1.0M	50x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0212% / S −0.2404%	1h	0.000006000	−1.121%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006017	−0.840%	$927K	$900K	50x	as long as short
Reya kSHIBRUSDPERPshort	+0.0323%	1h	0.000006010	−0.951%	$1	—	20x
dYdX SHIB-USD	+0.8215%	1h	0.000006015	−0.881%	$32K	$65K	10x	as long as short