Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.012%
Price spread now: Lighter against Gate+0.179%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$530.531% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.179%, 7d avg +0.035%
=Together, before fees−0.274%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.143% dearer against Gate than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SHIB_USDT | 0.000006159 | 0.0100 | pay 0.0100% / 8h | 3h 27m | $7.3M | $6.8M | 75x |
| Short | Lighter 1000SHIB | 0.000006170 | 0.0096 | get 0.0012% / 1h | 27m 49s | $162K | $622K | 10x |
Gate SHIB_USDT
Lighter 1000SHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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
- −$0.84
- Price spread: +0.179% → +0.035%
- $14.33
- Slippage, 4 orders
- −$38.09
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$39.6
- Costs to cover
- 0.531%
- Break-even
- never at this rate
Slippage from Gate: live order book, 1 min ago; Lighter: live order book, 8 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 Gate live order book, 1 min ago | 2.43 bp | 14.6 bp −$15 | 33.5 bp −$335 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 2.41 bp | 12.7 bp −$13 | 60.4 bp −$604 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTX | −0.0168% | 1h | 0.000006161 | +0.032% | $121K | $1.4M | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | −0.0064% | 1h | 0.000006162 | +0.052% | $1.2M | $1.0M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006169 | +0.160% | $24K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006179 | +0.318% | $170K | $2.9M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006168 | +0.146% | $51K | $61K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006168 | +0.143% | $582 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | −1.932% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000006162 | +0.049% | — | $1.6M | — | as long as short |
| Lighter 1000SHIBshort | +0.0096% | 1h | 0.000006170 | +0.179% | $162K | $622K | 10x | |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000006176 | +0.276% | $3.7M | $5.2M | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kraken Futures PF_SHIBUSD
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Hyperliquid kSHIBShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006168 | +0.146% | $43K | $328K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006163 | +0.069% | $31.8M | $116.4M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006168 | +0.146% | $10.0M | $41.2M | 50x | as long as short |
| Gate SHIB_USDTlong | +0.0100% | 8h | 0.000006159 | long leg | $7.3M | $6.8M | 75x | |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006163 | +0.065% | $30.7M | $18.8M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006159 | 0.000% | $4.8M | $3.0M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006169 | +0.162% | $11.9M | $16.1M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006170 | +0.179% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006175 | +0.260% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006168 | +0.146% | $507 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006171 | +0.195% | $426K | $572K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006161 | +0.032% | $2.1M | $7.1M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006159 | −0.005% | $55K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0105% | 8h | 0.000006181 | +0.350% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0188% | 1h | 0.000006178 | +0.308% | $12K | $5K | 10x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0192% | 1h | 0.000006165 | +0.097% | $24K | $7K | 15x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −2.582% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006180 | +0.341% | $950K | $921K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006168 | +0.152% | $1 | — | 20x | as long as short |
Aster 1000SHIBUSDT
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Pacifica kSHIB
Backpack kSHIB_USDC_PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP