SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.068%

Price spread now: Reya against Backpack−0.105%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.105% cheaper against Backpack than usual: you would sell low and buy high (spread −0.105% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 7.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack kSHIB_USDC_PERP	0.000006099	0.0274	pay 0.0034% / 1h	57m 11s	$25K	$6K	15x
Short	Reya kSHIBRUSDPERP	0.000006093	0.0323	get 0.0040% / 1h	57m 11s	$1	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Backpack. 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 BackpackbpFee ReyabpOrdersPrice spread, now −0.105%Rate

Funding earned: $10.3
Price spread: −0.105% → 0.000%: −$10.47
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$16.16
Costs to cover: 0.160%
Break-even: 18.0 days

Slippage unknown: Backpack: no order-book sample; Reya: 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 Reya no order-book sample	—	—	—	—	—

Backpack and Reya: 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	0.000006092	−0.115%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006095	−0.071%	$73K	$1.9M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006091	−0.131%	$741	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0032%	1h	0.000006062	−0.607%	$80K	$787K	50x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0078%	1h	0.000006096	−0.049%	$47K	$65K	25x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	0.000006090	−0.148%	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006094	−0.082%	$154K	$290K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006092	−0.120%	$35K	$175K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006093	−0.098%	$12K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006092	−0.112%	$30.0M	$94.2M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006096	−0.049%	$8.8M	$32.3M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006089	−0.164%	$7.0M	$5.5M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006090	−0.148%	$30.6M	$16.2M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006093	−0.098%	$4.9M	$2.5M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006097	−0.033%	$11.7M	$13.2M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006097	−0.033%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006105	+0.098%	$2K	$23K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006095	−0.066%	$543	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006090	−0.148%	$415K	$613K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006090	−0.148%	$2.1M	$5.8M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0102%	8h	0.000006093	−0.094%	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006095	−0.073%	$54K	$4K	25x	as long as short
Injective SHIB/USDC PERP	+0.0161%	1h	0.000006040	−0.967%	$248	$134K	5.5x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−1.623%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006097	−0.033%	$823K	$953K	50x	as long as short
Backpack kSHIB_USDC_PERPlong	+0.0274%	1h	0.000006099	long leg	$25K	$6K	15x
Reya kSHIBRUSDPERPshort	+0.0323%	1h	0.000006093	−0.105%	$1	—	20x
Kraken Futures PF_SHIBUSD	+0.0378%	1h	0.000006097	−0.025%	$1.2M	$804K	50x	as long as short
Hyperliquid kSHIB	+0.0696%	1h	0.000006102	+0.049%	$4.4M	$4.0M	10x	as long as short