Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.827%
Price spread now: dYdX against Phemex+0.085%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.432%+$143 on $10k
+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. dYdX is 0.085% dearer against Phemex than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days. Mind the row above: over the last 7 days funding on this pair paid +1.432%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex u1000SHIBUSDT | 0.000006100 | 0.0100 | pay 0.0100% / 8h | 1h 44m | $2.2M | $5.5M | 50x |
| Short | dYdX SHIB-USD | 0.000006105 | 0 | get 0.0000% / 1h | 44m 32s | $23K | $64K | 10x |
Phemex u1000SHIBUSDT
dYdX SHIB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Phemex. 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
- −$21
- Price spread: +0.085% → 0.000%
- $8.53
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$34.47
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 4 min ago; dYdX: 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 Phemex live order book, 4 min ago | 10.76 bp | 19.5 bp −$19 | 63.4 bp −$634 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: 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-USDshort | 0.0000% | 1h | 0.000006105 | +0.085% | $23K | $64K | 10x | |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006085 | −0.249% | $95K | $1.8M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006118 | +0.287% | $744 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0008% | 1h | 0.000006102 | +0.033% | $85K | $805K | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0068% | 8h | 0.000006106 | +0.098% | — | $2.1M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006105 | +0.082% | $155K | $287K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006107 | +0.115% | $36K | $169K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006107 | +0.115% | $12K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006122 | +0.368% | $29.9M | $90.3M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006121 | +0.344% | $8.9M | $31.0M | 50x | as long as short |
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDT
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006108 | +0.131% | $7.0M | $5.4M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006115 | +0.246% | $32.1M | $15.6M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006116 | +0.262% | $5.0M | $2.4M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006117 | +0.279% | $11.8M | $12.6M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006107 | +0.115% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006117 | +0.279% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006108 | +0.131% | $545 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006109 | +0.148% | $412K | $633K | 75x | as long as short |
| Phemex u1000SHIBUSDTlong | +0.0100% | 8h | 0.000006100 | long leg | $2.2M | $5.5M | 50x | |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006108 | +0.137% | $54K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0104% | 8h | 0.000006101 | +0.016% | $7K | — | 20x | as long as short |
| Injective SHIB/USDC PERP | +0.0141% | 1h | 0.000005975 | −2.049% | $245 | $99K | 5.5x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0186% | 1h | 0.000006107 | +0.115% | $25K | $5K | 15x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −1.639% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006109 | +0.148% | $708K | $957K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006119 | +0.319% | $1 | — | 20x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0354% | 1h | 0.000006110 | +0.161% | $1.2M | $772K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0405% | 1h | 0.000006110 | +0.164% | $47K | $65K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0960% | 1h | 0.000006131 | +0.508% | $4.5M | $3.9M | 10x | as long as short |
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Injective SHIB/USDC PERP
Backpack kSHIB_USDC_PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Kraken Futures PF_SHIBUSD
Deribit 1000SHIB_USDC-PERPETUAL
Hyperliquid kSHIB