SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.013%

Price spread now: Lighter against Deribit0.000%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 Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds 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 −0.100%, 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	0.000006068	0.0080	pay 0.0010% / 1h	9m 20s	$46K	$65K	25x
Short	Lighter 1000SHIB	0.000006068	0.0096	get 0.0012% / 1h	9m 20s	$153K	$290K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: $3.42
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.58
Costs to cover: 0.070%
Break-even: 14.3 days

Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 65 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 Deribit no order-book sample	—	—	—	—	—
Sell Lighter live order book, 65 min ago	1.67 bp	9.8 bp −$10	69.4 bp −$694	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	0.000006064	−0.068%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006061	−0.109%	$73K	$1.9M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006065	−0.049%	$738	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0008%	1h	0.000006070	+0.033%	$80K	$786K	50x	as long as short
Deribit 1000SHIB_USDC-PERPETUALlong	+0.0080%	1h	0.000006068	long leg	$46K	$65K	25x
BingX 1000SHIB-USDT	+0.0080%	8h	0.000006067	−0.016%	—	$2.1M	—	as long as short
Lighter 1000SHIBshort	+0.0096%	1h	0.000006068	0.000%	$153K	$290K	10x
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006068	+0.006%	$35K	$175K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006068	0.000%	$12K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006069	+0.009%	$29.8M	$93.8M	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	0.000006064	−0.066%	$8.8M	$31.9M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006064	−0.066%	$7.0M	$5.6M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006069	+0.016%	$30.7M	$16.3M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006067	−0.016%	$4.9M	$2.5M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006066	−0.033%	$11.6M	$13.1M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006063	−0.082%	$25K	$6K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006067	−0.016%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006065	−0.049%	$2K	$23K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006068	0.000%	$539	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006058	−0.165%	$413K	$618K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006061	−0.115%	$2.1M	$5.8M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0103%	8h	0.000006066	−0.040%	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006065	−0.053%	$54K	$4K	25x	as long as short
Injective SHIB/USDC PERP	+0.0141%	1h	0.000006040	−0.461%	$248	$134K	5.5x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−1.121%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006064	−0.066%	$816K	$948K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006067	−0.018%	$1	—	20x	as long as short
Kraken Futures PF_SHIBUSD	+0.0357%	1h	0.000006063	−0.079%	$1.2M	$799K	50x	as long as short
Hyperliquid kSHIB	+0.0787%	1h	0.000006079	+0.181%	$4.4M	$4.0M	10x	as long as short