SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0076%/8h= +8.3% APRnext payment +$0.09 per $10,000 · paid last 24h +0.016%

Price spread now: Deribit against gTrade (Gains Network)−0.164%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 Deribit

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. Deribit is 0.164% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.164% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 7.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) SHIB/USD	0.000006038	L +0.0006% / S −0.0001%	pay 0.0001% / 1h	51m 38s	$734	—	150x
Short	Deribit 1000SHIB_USDC-PERPETUAL	0.000006028	0.0082	get 0.0010% / 1h	51m 38s	$46K	$65K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.164%Rate

Funding earned: $15.88
Price spread: −0.164% → 0.000%: −$16.4
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$17.52
Costs to cover: 0.170%
Break-even: 14.7 days

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

gTrade (Gains Network) and Deribit: 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	0.000006026	−0.198%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006044	+0.099%	$95K	$2.0M	2x	as long as short
gTrade (Gains Network) SHIB/USDlong	L +0.0006% / S −0.0001%	1h	0.000006038	long leg	$734	—	150x
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+0.035%	$248	$134K	5.5x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0064%	1h	0.000006040	+0.035%	$76K	$783K	50x	as long as short
BingX 1000SHIB-USDT	+0.0080%	8h	0.000006022	−0.263%	—	$2.1M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUALshort	+0.0082%	1h	0.000006028	−0.164%	$46K	$65K	25x
Lighter 1000SHIB	+0.0096%	1h	0.000006026	−0.197%	$181K	$364K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006024	−0.235%	$35K	$178K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006024	−0.230%	$12K	$4K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006023	−0.243%	$29.4M	$96.9M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006026	−0.197%	$8.7M	$33.0M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006023	−0.247%	$6.9M	$5.4M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006023	−0.247%	$31.2M	$16.6M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006023	−0.247%	$4.9M	$2.6M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006022	−0.263%	$11.5M	$13.5M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006028	−0.164%	$25K	$6K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006025	−0.214%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006048	+0.167%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006025	−0.214%	$546	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006027	−0.181%	$412K	$614K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006030	−0.131%	$2.1M	$6.1M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0104%	8h	0.000006028	−0.161%	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006020	−0.301%	$54K	$4K	25x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−0.628%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006031	−0.114%	$801K	$941K	50x	as long as short
Kraken Futures PF_SHIBUSD	+0.0260%	1h	0.000006025	−0.219%	$1.1M	$816K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006038	−0.001%	$1	—	20x	as long as short
Hyperliquid kSHIB	+0.0628%	1h	0.000006030	−0.131%	$4.4M	$4.0M	10x	as long as short