SHIB

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GRVTKSHIB_USDT_Perp	0.000004574	+0.0100	pay 0.0100% / 8h	6h 56m	$381K	$890K	10x	Long GRVT
SHORT	Kraken FuturesPF_SHIBUSD	0.000004576	+0.0080	get 0.0010% / 1h	56m 50s	$755K	$752K	50x	Short Kraken Futures

Price gap+0.061%

Funding gap−0.0020% /8h

The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 17 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$17−0.0020% /8h now · paid +0.173% over the last 7D

Price+$10spread +0.061% now, avg −0.042% → +0.103% if it goes back

Costs−$910.912% of $10k · taker + slippage, in and out

Result−$64−0.64%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.061%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SHIB on 31 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size11.3 / 23.7 bp
At $10k entering Kraken Futures costs 23.7 bp, fee and slippage, 2.1× GRVT’s.
Note: Margin at max leverage$1,000 + $200
GRVT 10x, Kraken Futures 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$0.59Long GRVT: 3 payments, −$3.00; short Kraken Futures: 24 payments, +$2.41.
OK: Entry gap works for you+0.061% vs −0.042%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$381K vs $755K OI
GRVT sets your exit cost. Check its book before closing.
OK: Points on a legGRVT points
Volume here counts toward the points program.
Watch: KYCGRVT No · Kraken Futures Yes
Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0082%/8h × 21 periods+$17.28

Price spread+0.061% → −0.042% (7d avg)+$10.33

Slippage, 4 orderslive order books−$72.16

Fee GRVT bp × 2 orders−$9.00

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k−$63.54

Costs to cover0.912%Break-even32.7 days

Slippage: GRVT: live order book, 5 min ago; Kraken Futures: live order book, 30 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGGRVT3.2911.3 bp−$1125.7 bp−$257doesn’t fitdoesn’t fit

SELL · SHORTKraken Futures15.5523.7 bp−$2484.1 bp−$841doesn’t fitdoesn’t fit

Closing costs about the same again.

SHIB news

posts that mention SHIB, from every exchangeSearch all news →

10-29 01:05	MEXC	Listing	SHIB_USDC no longer reported ($SHIB) seen by our collector
10-07 09:58	dYdX	Listing	SHIB-USD no longer reported ($SHIB) seen by our collector
09-28 17:53	Phoenix	Listing	Now live on Phoenix: $SHIB - 10x leverage $PEPE - 10x leverage @PhoenixTrade on X ↗
09-24 15:02	Phoenix	Listing	new market kSHIB ($SHIB) seen by our collector