Funding you earn now, next payment 09:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.020%
Price spread now: SoDEX against Kraken Futures−0.016%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SHIBUSD | 0.000005920 | 0.0101 | pay 0.0013% / 1h | 29m 11s | $1.1M | $1.0M | 50x |
| Short | SoDEX 1000SHIB-USD | 0.000005919 | 0.0100 | get 0.0013% / 1h | 29m 11s | $503 | $5K | 10x |
Kraken Futures PF_SHIBUSD
SoDEX 1000SHIB-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$0.15
- Price spread: −0.016% → 0.000%
- −$1.59
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$19.74
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 4 min ago; SoDEX: 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, 4 min ago | 4.20 bp | 22.8 bp −$23 | 36.3 bp −$363 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX 1000SHIB-USDT | −0.0101% | 8h | 0.000005918 | −0.033% | — | $2.3M | — | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0024% | 1h | 0.000005980 | +1.015% | $129K | $1.7M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005914 | −0.104% | $154K | $3.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005918 | −0.040% | $559 | — | 150x | as long as short |
| Gate SHIB_USDT | +0.0018% | 8h | 0.000005917 | −0.050% | $7.0M | $7.0M | 75x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +2.028% | $248 | $134K | 5.5x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0088% | 1h | 0.000005920 | +0.001% | $53K | $58K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000005922 | +0.035% | $154K | $643K | 10x | as long as short |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000005930 | +0.170% | $3.6M | $5.5M | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005919 | −0.011% | $40K | $298K | 50x | as long as short |
BingX 1000SHIB-USDT
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Gate SHIB_USDT
Injective SHIB/USDC PERP
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Hyperliquid kSHIB
Aster 1000SHIBUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica kSHIB | +0.0100% | 1h | 0.000005925 | +0.085% | $12K | $6K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005921 | +0.019% | $30.2M | $128.7M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005921 | +0.018% | $8.8M | $44.6M | 50x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005919 | −0.016% | $27.9M | $20.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005916 | −0.067% | $4.6M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005919 | −0.016% | $11.2M | $17.3M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005923 | +0.052% | $23K | $9K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005922 | +0.035% | $6K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005931 | +0.187% | $2K | $27K | 20x | as long as short |
| SoDEX 1000SHIB-USDshort | +0.0100% | 1h | 0.000005919 | −0.016% | $503 | $5K | 10x | |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005922 | +0.035% | $407K | $570K | 75x | as long as short |
| Kraken Futures PF_SHIBUSDlong | +0.0101% | 1h | 0.000005920 | long leg | $1.1M | $1.0M | 50x | |
| Paradex kSHIB-USD-PERP | +0.0101% | 8h | 0.000005922 | +0.042% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005916 | −0.071% | $52K | $4K | 25x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000005000 | −15.540% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005918 | −0.033% | $846K | $923K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005914 | −0.108% | $1 | — | 20x | as long as short |
| Phemex u1000SHIBUSDT | +0.0348% | 8h | 0.000005925 | +0.085% | $2.1M | $7.7M | 50x | as long as short |
| dYdX SHIB-USD | +1.1616% | 1h | 0.000005920 | +0.001% | $31K | $87K | 10x | as long as short |
Pacifica kSHIB
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
HTX SHIB-USDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Phemex u1000SHIBUSDT
dYdX SHIB-USD