SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2698%/8h= +295.4% APRnext payment +$3.37 per $10,000 · paid last 24h +0.657%

Price spread now: GMX against Kraken Futures−16.231%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

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. GMX is 16.231% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −16.231% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,623 on $10k: about 20 days of funding at the current rate (+$81 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SHIBUSD	0.000005969	−0.0294	get 0.0037% / 1h	27m 32s	$1.1M	$904K	50x
Short	GMX SHIB/USD [ETH-USDC]	0.000005000	L +0.0213% / S −0.2404%	get 0.0300% / 1h	27m 32s	$1K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −16.231%Rate

Funding earned: $566.49
Price spread: −16.231% → 0.000%: −$1,623.09
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$1,078.61
Costs to cover: 0.220%
Break-even: 20.3 days

Slippage unknown: Kraken Futures: live order book, 1 min ago; GMX: 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 Kraken Futures live order book, 1 min ago	3.35 bp	19.8 bp −$20	31.9 bp −$319	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Kraken Futures PF_SHIBUSDlong	−0.0294%	1h	0.000005969	long leg	$1.1M	$904K	50x
Coinbase International 1000SHIB-PERP-INTX	−0.0032%	1h	0.000005981	+0.205%	$135K	$1.1M	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000005970	+0.016%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000005976	+0.119%	$192K	$2.3M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000005971	+0.037%	$46K	$61K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000005971	+0.040%	$564	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+1.193%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	0.000005967	−0.030%	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000005974	+0.087%	$160K	$614K	10x	as long as short
Hyperliquid kSHIB	+0.0100%	1h	0.000005978	+0.154%	$3.6M	$4.8M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000SHIBUSDT	+0.0100%	8h	0.000005972	+0.049%	$41K	$318K	50x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000005975	+0.103%	$29.3M	$102.4M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000005970	+0.020%	$9.2M	$35.9M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000005963	−0.097%	$6.9M	$5.8M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000005968	−0.013%	$29.5M	$17.4M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000005969	+0.004%	$4.9M	$2.7M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000005969	+0.004%	$11.2M	$14.3M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000005973	+0.071%	$23K	$7K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000005973	+0.071%	$6K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000005984	+0.255%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000005972	+0.054%	$499	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000005971	+0.037%	$408K	$583K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000005974	+0.087%	$2.1M	$6.7M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000005967	−0.027%	$53K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0111%	8h	0.000005971	+0.044%	$7K	$13	20x	as long as short
Pacifica kSHIB	+0.0135%	1h	0.000005973	+0.071%	$12K	$4K	10x	as long as short
GMX SHIB/USD [ETH-USDC]short	L +0.0213% / S −0.2404%	1h	0.000005000	−16.231%	$1K	—	100x
BloFin SHIB-USDT	+0.0220%	8h	0.000005974	+0.087%	$873K	$891K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000005973	+0.075%	$1	—	20x	as long as short