SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%

Price spread now: Backpack against gTrade (Gains Network)−0.058%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Backpack is 0.058% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SHIB/USD	0.000006004	L +0.0006% / S −0.0001%	pay 0.0001% / 1h	47m 04s	$730	—	150x
Short	Backpack kSHIB_USDC_PERP	0.000006001	0.0100	get 0.0013% / 1h	47m 04s	$23K	$7K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now −0.058%Rate

Funding earned: $19.68
Price spread: −0.058% → 0.000%: −$5.83
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$6.15
Costs to cover: 0.200%
Break-even: 9.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Backpack: 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	0.000006000	−0.078%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006006	+0.022%	$190K	$2.3M	2x	as long as short
gTrade (Gains Network) SHIB/USDlong	L +0.0006% / S −0.0001%	1h	0.000006004	long leg	$730	—	150x
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+0.591%	$248	$134K	5.5x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0072%	1h	0.000006019	+0.241%	$156K	$987K	50x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	0.000006000	−0.075%	—	$1.6M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0083%	1h	0.000006001	−0.058%	$46K	$65K	25x	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006006	+0.025%	$237K	$470K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006001	−0.054%	$39K	$183K	50x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000005996	−0.137%	$29.3M	$101.0M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006000	−0.075%	$9.1M	$35.5M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000005995	−0.158%	$6.9M	$5.6M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006005	+0.008%	$30.8M	$17.3M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006000	−0.075%	$4.9M	$2.7M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006000	−0.075%	$11.3M	$14.3M	75x	as long as short
Backpack kSHIB_USDC_PERPshort	+0.0100%	1h	0.000006001	−0.058%	$23K	$7K	15x
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006002	−0.042%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006017	+0.208%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006000	−0.075%	$531	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006007	+0.042%	$412K	$604K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006004	−0.008%	$2.1M	$6.5M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000005996	−0.142%	$53K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0128%	8h	0.000006009	+0.081%	$7K	$13	20x	as long as short
Pacifica kSHIB	+0.0183%	1h	0.000006004	−0.008%	$12K	$4K	10x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−0.075%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006010	+0.092%	$871K	$935K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006005	+0.014%	$1	—	20x	as long as short
Hyperliquid kSHIB	+0.0463%	1h	0.000006005	+0.008%	$3.8M	$4.5M	10x	as long as short
Kraken Futures PF_SHIBUSD	+0.0760%	1h	0.000005997	−0.132%	$1.1M	$855K	50x	as long as short