SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0112%/8h= −12.3% APRnext payment −$0.14 per $10,000 · paid last 24h −0.034%

Price spread now: SoDEX against GMX+0.200%7-day average — · you sell dearer than you buy

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

Long on GMX Short on SoDEX

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—needs both histories

The price spread pays, funding is against you. SoDEX is 0.200% dearer against GMX than usual: you sell high and buy low (spread +0.200% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX SHIB/USD [ETH-USDC]	0.000006000	L +0.0212% / S −0.2404%	pay 0.0026% / 1h	46m 47s	$1K	—	100x
Short	SoDEX 1000SHIB-USD	0.000006012	0.0100	get 0.0013% / 1h	46m 47s	$523	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against GMX. 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 GMXbpFee SoDEXbpOrdersPrice spread, now +0.200%Rate

Funding earned: −$23.49
Price spread: +0.200% → 0.000%: $20
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$23.49
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; SoDEX: 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 GMX no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

GMX and SoDEX: 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-INTX	−0.0056%	1h	0.000006068	+1.133%	$131K	$1.7M	50x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006014	+0.228%	$77K	$3.5M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006011	+0.183%	$45K	$46K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006010	+0.167%	$567	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+0.667%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDT	+0.0051%	8h	0.000006014	+0.233%	—	$2.2M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006016	+0.267%	$155K	$606K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006012	+0.202%	$40K	$272K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006020	+0.333%	$12K	$5K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006017	+0.280%	$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	0.000006017	+0.283%	$9.6M	$45.9M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006013	+0.217%	$7.1M	$6.7M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006011	+0.183%	$27.7M	$19.0M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006011	+0.183%	$4.7M	$3.2M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006014	+0.233%	$11.3M	$17.5M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006016	+0.267%	$23K	$9K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006011	+0.183%	$7K	$2K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006022	+0.367%	$2K	$25K	20x	as long as short
SoDEX 1000SHIB-USDshort	+0.0100%	1h	0.000006012	+0.200%	$523	$5K	10x
HTX SHIB-USDT	+0.0100%	8h	0.000006015	+0.250%	$413K	$482K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006015	+0.250%	$2.1M	$7.7M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0102%	8h	0.000006020	+0.327%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006013	+0.209%	$54K	$4K	25x	as long as short
Hyperliquid kSHIB	+0.0152%	1h	0.000006022	+0.367%	$3.6M	$5.2M	10x	as long as short
Kraken Futures PF_SHIBUSD	+0.0203%	1h	0.000006010	+0.172%	$1.2M	$1.0M	50x	as long as short
GMX SHIB/USD [ETH-USDC]long	L +0.0212% / S −0.2404%	1h	0.000006000	long leg	$1K	—	100x
BloFin SHIB-USDT	+0.0220%	8h	0.000006013	+0.217%	$927K	$899K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006010	+0.163%	$1	—	20x	as long as short
dYdX SHIB-USD	+0.8215%	1h	0.000006015	+0.242%	$32K	$65K	10x	as long as short