Funding you earn now, next payment 06:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h +0.006%
Price spread now: Backpack against BingX+0.117%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 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
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Backpack is 0.117% dearer against BingX than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 1000SHIB-USDC | 0.000005961 | 0.0070 | pay 0.0070% / 8h | 2h 32m | — | $1.6M | — |
| Short | Backpack kSHIB_USDC_PERP | 0.000005968 | 0.0100 | get 0.0013% / 1h | 32m 16s | $23K | $7K | 15x |
BingX 1000SHIB-USDC
Backpack kSHIB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BingX. 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
- $6.3
- Price spread: +0.117% → 0.000%
- $11.74
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$1.96
- Costs to cover
- 0.200%
- Break-even
- 9.2 days
Slippage unknown: BingX: live order book, 10 min ago; Backpack: 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 BingX live order book, 10 min ago | 2.51 bp | 10.4 bp −$10 | 31.3 bp −$313 | 229.0 bp −$22.9K | 988.2 bp −$494.1K |
| Sell Backpack no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SHIBUSD | −0.0598% | 1h | 0.000005961 | +0.002% | $1.1M | $1.1M | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0128% | 1h | 0.000005960 | −0.017% | $117K | $1.5M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000005969 | +0.136% | $23K | $56K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005967 | +0.094% | $109K | $3.2M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005961 | 0.000% | $46K | $65K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005963 | +0.042% | $563 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +1.325% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDClong | +0.0070% | 8h | 0.000005961 | long leg | — | $1.6M | — | |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005962 | +0.017% | $156K | $632K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005963 | +0.030% | $41K | $336K | 50x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
Lighter 1000SHIB
Aster 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kSHIB | +0.0100% | 1h | 0.000005970 | +0.151% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005961 | +0.008% | $30.1M | $123.2M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005961 | 0.000% | $9.4M | $41.7M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005962 | +0.017% | $7.0M | $7.3M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005960 | −0.017% | $28.4M | $19.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005968 | +0.117% | $4.6M | $3.1M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005962 | +0.017% | $11.2M | $17.1M | 75x | as long as short |
| Backpack kSHIB_USDC_PERPshort | +0.0100% | 1h | 0.000005968 | +0.117% | $23K | $7K | 15x | |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005965 | +0.067% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005973 | +0.201% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000005961 | 0.000% | $502 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005967 | +0.101% | $407K | $591K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005960 | −0.017% | $2.0M | $7.4M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000005974 | +0.211% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005957 | −0.069% | $53K | $4K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0172% | 1h | 0.000005970 | +0.151% | $3.6M | $5.3M | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −16.121% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005965 | +0.067% | $897K | $915K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005961 | −0.007% | $1 | — | 20x | as long as short |
Pacifica kSHIB
Binance 1000SHIBUSDT
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
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP