SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0015%/8h= +1.6% APRnext payment +$0.02 per $10,000 · paid last 24h −0.035%

Price spread now: Kraken Futures against Deribit+0.008%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

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: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.056%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000SHIB_USDC-PERPETUAL	0.000006090	0.0243	pay 0.0030% / 1h	37m 59s	$47K	$65K	25x
Short	Kraken Futures PF_SHIBUSD	0.000006090	0.0258	get 0.0032% / 1h	37m 59s	$1.2M	$821K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.008%Rate

Funding earned: $3.1
Price spread: +0.008% → 0.000%: $0.79
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$13.11
Costs to cover: 0.170%
Break-even: 36.6 days

Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, just now. 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 Deribit no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, just now	3.28 bp	22.4 bp −$22	34.1 bp −$341	doesn't fit	doesn't fit

Deribit: 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	0.000006079	−0.180%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006091	+0.016%	$103K	$2.0M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006084	−0.092%	$740	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	−0.821%	$248	$134K	5.5x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0064%	1h	0.000006085	−0.082%	$77K	$811K	50x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	0.000006086	−0.066%	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006091	+0.016%	$219K	$437K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006084	−0.106%	$37K	$180K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006085	−0.082%	$12K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006088	−0.031%	$29.7M	$97.6M	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	0.000006091	+0.016%	$9.3M	$34.3M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006085	−0.082%	$7.0M	$5.5M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006086	−0.066%	$31.5M	$16.8M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006086	−0.066%	$5.0M	$2.6M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006087	−0.049%	$11.5M	$13.7M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006089	−0.016%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006098	+0.131%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006089	−0.016%	$562	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006088	−0.033%	$416K	$594K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006082	−0.131%	$2.2M	$6.3M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006088	−0.033%	$54K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0111%	8h	0.000006083	−0.118%	$7K	—	20x	as long as short
Backpack kSHIB_USDC_PERP	+0.0197%	1h	0.000006089	−0.016%	$25K	$6K	15x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−1.478%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006063	−0.443%	$812K	$940K	50x	as long as short
Deribit 1000SHIB_USDC-PERPETUALlong	+0.0243%	1h	0.000006090	long leg	$47K	$65K	25x
Kraken Futures PF_SHIBUSDshort	+0.0258%	1h	0.000006090	+0.008%	$1.2M	$821K	50x
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006088	−0.032%	$1	—	20x	as long as short
Hyperliquid kSHIB	+0.0661%	1h	0.000006098	+0.131%	$4.4M	$4.0M	10x	as long as short