Spread before costs (cost unknown: a leg has no order-book sample)+0.283%
7d average—if it closes, per $10,000$28funding while held, a day−$23.83
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX SHIB/USD [ETH-USDC] | 0.000006000 | L +0.0214% / S −0.2404% | pay 0.0027% / 1h | 59m 13s | $1K | — | 100x |
| Short | Deribit 1000SHIB_USDC-PERPETUAL | 0.000006017 | −0.0580 | pay 0.0073% / 1h | 59m 13s | $38K | $59K | 25x |
GMX SHIB/USD [ETH-USDC]
Deribit 1000SHIB_USDC-PERPETUALPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $28.33
- Funding while held
- −$23.83
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$14.49
- Spread needed to break even
- 0.190%
Slippage unknown: GMX: no order-book sample; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0794%
- Per $10,000 a day
- −$23.83
- Average in range /8h
- —
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 GMX no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
GMX 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective0.000005767cheapest
InjectiveGMX0.000006000+4.040%
dYdX0.000006010+4.214%gTrade (Gains Network)0.000006013+4.264%
dYdX
gTrade (Gains Network)Deribit0.000006017+4.335%
Extended0.000006021+4.398%Paradex0.000006021+4.399%Orderly0.000006022+4.422%KuCoin0.000006023+4.439%Gate0.000006027+4.508%SoDEX0.000006027+4.508%BloFin0.000006027+4.508%Phemex0.000006030+4.560%Kalshi0.000006031+4.571%MEXC0.000006031+4.578%Kraken Futures0.000006031+4.581%Binance0.000006032+4.603%Lighter0.000006034+4.630%BingX0.000006034+4.630%Reya0.000006035+4.646%OKX0.000006035+4.647%Bitget0.000006035+4.647%HTX0.000006035+4.647%Pacifica0.000006035+4.647%Backpack0.000006035+4.647%SunX0.000006037+4.682%Aster0.000006038+4.691%Coinbase International0.000006040+4.734%Hyperliquid0.000006047+4.855%
Extended
Paradex
Orderly
KuCoin
Gate
SoDEX
BloFin
Phemex
MEXC
Kraken Futures
Binance
Lighter
BingX
Reya
OKX
Bitget
HTX
Pacifica
Backpack
SunX
Aster
Coinbase International
HyperliquidSHIB on 29 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective SHIB/USDC PERP | −3.883% | +0.0033% | 1h | $236 | $90K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC]long | 0.000% | L +0.0214% / S −0.2404% | 1h | $1K | — | 100x | |
| dYdX SHIB-USD | +0.167% | +0.2737% | 1h | $23K | $66K | 10x | as long as short |
| gTrade (Gains Network) SHIB/USD | +0.215% | L +0.0006% / S −0.0001% | 1h | $732 | — | 150x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUALshort | +0.283% | −0.0580% | 1h | $38K | $59K | 25x | |
| Extended 1000SHIB-USD | +0.344% | +0.0104% | 1h | $53K | $6K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.345% | +0.0096% | 8h | $7K | — | 20x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.367% | +0.0100% | 8h | $6K | $1K | 20x | as long as short |
| KuCoin SHIBUSDTM | +0.383% | +0.0100% | 8h | $4.8M | $2.3M | 75x | as long as short |
| Gate SHIB_USDT | +0.450% | +0.0037% | 8h | $6.8M | $4.7M | 75x | as long as short |