SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.068%

Price spread now: Backpack against Reya+0.039%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Backpack is 0.039% dearer against Reya than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kSHIBRUSDPERP	0.000006093	0.0323	pay 0.0040% / 1h	56m 56s	$1	—	20x
Short	Backpack kSHIB_USDC_PERP	0.000006095	0.0312	get 0.0039% / 1h	56m 56s	$25K	$6K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Reya. 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 ReyabpFee BackpackbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$2.21
Price spread: +0.039% → 0.000%: $3.91
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$14.3
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Backpack: 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 Reya no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

Reya and Backpack: 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	0.000006092	−0.010%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006095	+0.034%	$73K	$1.9M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006091	−0.027%	$741	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0032%	1h	0.000006062	−0.503%	$80K	$787K	50x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0078%	1h	0.000006096	+0.056%	$47K	$65K	25x	as long as short
BingX 1000SHIB-USDT	+0.0080%	8h	0.000006090	−0.043%	—	$2.1M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006094	+0.023%	$154K	$290K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006092	−0.014%	$35K	$175K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006093	+0.006%	$12K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006091	−0.029%	$30.0M	$94.2M	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	0.000006090	−0.043%	$8.8M	$32.3M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006088	−0.076%	$7.0M	$5.5M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006092	−0.010%	$30.7M	$16.2M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006089	−0.059%	$4.9M	$2.5M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006093	+0.006%	$11.7M	$13.2M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006097	+0.072%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006105	+0.203%	$2K	$23K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006095	+0.039%	$543	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006090	−0.043%	$415K	$613K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006090	−0.043%	$2.1M	$5.8M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0102%	8h	0.000006093	+0.011%	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006092	−0.009%	$54K	$4K	25x	as long as short
Injective SHIB/USDC PERP	+0.0161%	1h	0.000006040	−0.864%	$248	$134K	5.5x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−1.520%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006097	+0.072%	$823K	$953K	50x	as long as short
Backpack kSHIB_USDC_PERPshort	+0.0312%	1h	0.000006095	+0.039%	$25K	$6K	15x
Reya kSHIBRUSDPERPlong	+0.0323%	1h	0.000006093	long leg	$1	—	20x
Kraken Futures PF_SHIBUSD	+0.0378%	1h	0.000006097	+0.079%	$1.2M	$804K	50x	as long as short
Hyperliquid kSHIB	+0.0681%	1h	0.000006103	+0.170%	$4.4M	$4.0M	10x	as long as short