Funding you earn now, next payment 02:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h 0.000%
Price spread now: Bitget against Backpack+0.166%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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. Bitget is 0.166% dearer against Backpack than usual: you sell high and buy low (spread +0.166% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack kSHIB_USDC_PERP | 0.000006009 | 0.0130 | pay 0.0016% / 1h | 50m 55s | $23K | $7K | 15x |
| Short | Bitget SHIBUSDT | 0.000006019 | 0.0100 | get 0.0100% / 8h | 6h 50m | $11.3M | $14.3M | 75x |
Backpack kSHIB_USDC_PERP
Bitget SHIBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Backpack. 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
- −$6.28
- Price spread: +0.166% → 0.000%
- $16.64
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$11.63
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; Bitget: live order book, 3 min ago. 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 3 min ago | 1.67 bp | 12.7 bp −$13 | 30.6 bp −$306 | 128.8 bp −$12.9K | doesn't fit |
Backpack: 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-USD | 0.0000% | 1h | 0.000006002 | −0.116% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006005 | −0.075% | $190K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000006001 | −0.136% | $730 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.516% | $248 | $134K | 5.5x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0072% | 1h | 0.000005986 | −0.383% | $149K | $972K | 50x | as long as short |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000006014 | +0.083% | — | $2.1M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006011 | +0.033% | $237K | $470K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006008 | −0.013% | $37K | $183K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006019 | +0.166% | $29.4M | $100.8M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006022 | +0.216% | $9.1M | $35.6M | 50x | as long as short |
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Coinbase International 1000SHIB-PERP-INTX
BingX 1000SHIB-USDT
Lighter 1000SHIB
Aster 1000SHIBUSDT
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 | 0.000006011 | +0.033% | $7.0M | $5.6M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006014 | +0.083% | $30.8M | $17.3M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006013 | +0.067% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDTshort | +0.0100% | 8h | 0.000006019 | +0.166% | $11.3M | $14.3M | 75x | |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006008 | −0.017% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006013 | +0.067% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006007 | −0.033% | $530 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006007 | −0.033% | $413K | $604K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0103% | 8h | 0.000006006 | −0.050% | $2.1M | $6.5M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006013 | +0.073% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0128% | 8h | 0.000005999 | −0.170% | $7K | $13 | 20x | as long as short |
| Backpack kSHIB_USDC_PERPlong | +0.0130% | 1h | 0.000006009 | long leg | $23K | $7K | 15x | |
| Pacifica kSHIB | +0.0183% | 1h | 0.000006003 | −0.100% | $12K | $4K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000006000 | −0.150% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006005 | −0.067% | $871K | $934K | 50x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0250% | 1h | 0.000006008 | −0.017% | $46K | $65K | 25x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006001 | −0.132% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0651% | 1h | 0.000006014 | +0.083% | $3.8M | $4.5M | 10x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0758% | 1h | 0.000006005 | −0.059% | $1.1M | $843K | 50x | as long as short |
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
Kraken Futures PF_SHIBUSD