SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 13:00 UTC+0.0289%/8h= +31.7% APRnext payment +$0.36 per $10,000 · paid last 24h +0.079%

Price spread now: Reya against Injective−0.407%52s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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 0.407% cheaper against Injective than usual: you would sell low and buy high (spread −0.407% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$41 on $10k: about 4.7 days of funding at the current rate (+$9 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SHIB/USDC PERP	0.000006040	0.0033	pay 0.0004% / 1h	25m 43s	$248	$134K	5.5x
Short	Reya kSHIBRUSDPERP	0.000006015	0.0323	get 0.0040% / 1h	25m 43s	$1	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Injective. 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 InjectivebpFee ReyabpOrdersPrice spread, now −0.407%Rate

Funding earned: $60.75
Price spread: −0.407% → 0.000%: −$40.75
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: $13.98
Costs to cover: 0.060%
Break-even: 5.4 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Injective 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 exchanges

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
Coinbase International 1000SHIB-PERP-INTX	−0.0048%	1h	0.000005961	−1.308%	$122K	$1.8M	50x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006017	−0.382%	$145K	$3.9M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006013	−0.445%	$568	—	150x	as long as short
Injective SHIB/USDC PERPlong	+0.0033%	1h	0.000006040	long leg	$248	$134K	5.5x
BingX 1000SHIB-USDC	+0.0070%	8h	0.000006000	−0.662%	—	$1.7M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0083%	1h	0.000006013	−0.447%	$52K	$50K	25x	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006005	−0.579%	$173K	$622K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006002	−0.627%	$43K	$284K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006017	−0.381%	$12K	$5K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006002	−0.627%	$31.4M	$133.0M	75x	as long as short

Show all 29 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000005999	−0.679%	$8.7M	$49.1M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006001	−0.646%	$7.1M	$6.9M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006000	−0.662%	$26.8M	$19.1M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006002	−0.629%	$4.8M	$3.3M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006002	−0.629%	$11.6M	$18.4M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006010	−0.497%	$23K	$8K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006016	−0.397%	$7K	$2K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006022	−0.298%	$2K	$25K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006014	−0.430%	$528	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006009	−0.513%	$408K	$485K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006010	−0.497%	$2.1M	$7.9M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0101%	8h	0.000006017	−0.375%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000005999	−0.676%	$53K	$199	25x	as long as short
Hyperliquid kSHIB	+0.0179%	1h	0.000006010	−0.497%	$3.6M	$5.3M	10x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0211% / S −0.2404%	1h	0.000006000	−0.662%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006010	−0.497%	$825K	$890K	50x	as long as short
Reya kSHIBRUSDPERPshort	+0.0323%	1h	0.000006015	−0.407%	$1	—	20x
Kraken Futures PF_SHIBUSD	+0.0351%	1h	0.000006016	−0.404%	$1.2M	$1.0M	50x	as long as short
dYdX SHIB-USD	+0.6320%	1h	0.000006013	−0.452%	$32K	$53K	10x	as long as short