Funding you earn now, next payment 22:00 UTC+0.9197%/8h= +1007.0% APRnext payment +$11.50 per $10,000 · paid last 24h +0.779%
Price spread now: dYdX against Backpack+0.017%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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$276 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack kSHIB_USDC_PERP | 0.000005941 | 0.0100 | pay 0.0013% / 1h | 49m 16s | $25K | $5K | 15x |
| Short | dYdX SHIB-USD | 0.000005942 | 0.9297 | get 0.1162% / 1h | 49m 16s | $23K | $64K | 10x |
Backpack kSHIB_USDC_PERP
dYdX SHIB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $1,931.33
- Price spread: +0.017% → 0.000%
- $1.68
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $1,913.01
- Costs to cover
- 0.200%
- Break-even
- 0.1 days
Slippage unknown: Backpack: no order-book sample; 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 Backpack no order-book sample | — | — | — | — | — |
| Sell dYdX no order-book sample | — | — | — | — | — |
Backpack and 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX 1000SHIB-USDT | −0.0004% | 8h | 0.000005937 | −0.067% | — | $2.1M | — | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005930 | −0.180% | $50K | $1.6M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005938 | −0.050% | $42K | $61K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S −0.0001% | 1h | 0.000005936 | −0.076% | $722 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0016% | 1h | 0.000005933 | −0.135% | $89K | $753K | 50x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0056% | 1h | 0.000005938 | −0.059% | $1.1M | $759K | 50x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005937 | −0.067% | $151K | $284K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005943 | +0.027% | $35K | $179K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005939 | −0.034% | $11K | $4K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005939 | −0.041% | $28.9M | $87.8M | 75x | as long as short |
BingX 1000SHIB-USDT
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
Kraken Futures PF_SHIBUSD
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005934 | −0.118% | $7.6M | $27.8M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005934 | −0.118% | $6.7M | $5.4M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005936 | −0.084% | $31.8M | $15.5M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005936 | −0.084% | $5.0M | $2.3M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005937 | −0.067% | $11.6M | $12.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERPlong | +0.0100% | 1h | 0.000005941 | long leg | $25K | $5K | 15x | |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005938 | −0.050% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005944 | +0.050% | $2K | $23K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005936 | −0.084% | $538 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005941 | 0.000% | $400K | $623K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005940 | −0.017% | $2.1M | $5.3M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0100% | 8h | 0.000005938 | −0.054% | $7K | — | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005933 | −0.135% | $53K | $4K | 25x | as long as short |
| Injective SHIB/USDC PERP | +0.0187% | 1h | 0.000005964 | +0.387% | $245 | $67K | 5.5x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −15.839% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005933 | −0.135% | $711K | $1.0M | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005933 | −0.140% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0586% | 1h | 0.000005944 | +0.050% | $4.3M | $3.7M | 10x | as long as short |
| dYdX SHIB-USDshort | +0.9297% | 1h | 0.000005942 | +0.017% | $23K | $64K | 10x |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Injective SHIB/USDC PERP
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Hyperliquid kSHIB