Funding you earn now, next payment 10:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Injective against Kraken Futures−0.577%7-day average −0.016% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)+0.309%+$31 · spread now −0.577%, 7d avg −0.016%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 0.561% cheaper against Kraken Futures than usual: you would sell low and buy high, −$56 on $10k if it goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SHIBUSD | 0.000006075 | 0.0036 | pay 0.0005% / 1h | 21m 09s | $1.2M | $1.0M | 50x |
| Short | Injective SHIB/USDC PERP | 0.000006040 | 0.0033 | get 0.0004% / 1h | 21m 09s | $248 | $134K | 5.5x |
Kraken Futures PF_SHIBUSD
Injective SHIB/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Kraken Futures. 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
- −$0.58
- Price spread: −0.577% → −0.016%
- −$56.14
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$66.74
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, just now; Injective: 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 Kraken Futures live order book, just now | 2.47 bp | 20.5 bp −$21 | 35.6 bp −$356 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | −0.0080% | 1h | 0.000006071 | −0.067% | $132K | $1.7M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006083 | +0.134% | $80K | $3.5M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000006077 | +0.032% | $49K | $46K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006073 | −0.031% | $573 | — | 150x | as long as short |
| Injective SHIB/USDC PERPshort | +0.0033% | 1h | 0.000006040 | −0.577% | $248 | $134K | 5.5x | |
| Kraken Futures PF_SHIBUSDlong | +0.0036% | 1h | 0.000006075 | long leg | $1.2M | $1.0M | 50x | |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000006076 | +0.015% | — | $1.7M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006080 | +0.081% | $157K | $625K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006077 | +0.040% | $41K | $289K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006089 | +0.229% | $12K | $5K | 10x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
BingX 1000SHIB-USDC
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIBShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006076 | +0.008% | $31.5M | $129.7M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006073 | −0.034% | $9.7M | $46.9M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006075 | −0.001% | $7.1M | $6.8M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006078 | +0.048% | $28.3M | $20.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006073 | −0.034% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006076 | +0.015% | $11.4M | $17.8M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006078 | +0.048% | $24K | $9K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006076 | +0.015% | $7K | $2K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006094 | +0.312% | $2K | $26K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006075 | −0.001% | $525 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006079 | +0.065% | $417K | $485K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006080 | +0.081% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006086 | +0.188% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006072 | −0.052% | $54K | $4K | 25x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | −1.236% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006080 | +0.081% | $930K | $931K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006092 | +0.275% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0377% | 1h | 0.000006084 | +0.147% | $3.7M | $5.2M | 10x | as long as short |
| dYdX SHIB-USD | +0.8738% | 1h | 0.000006088 | +0.209% | $32K | $64K | 10x | as long as short |
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
dYdX SHIB-USD