SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0121%/8h= −13.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.076%

Price spread now: Kraken Futures against Reya+0.038%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 Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.038% dearer against Reya than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kSHIBRUSDPERP	0.000006046	0.0323	pay 0.0040% / 1h	56m 52s	$1	—	20x
Short	Kraken Futures PF_SHIBUSD	0.000006048	0.0201	get 0.0025% / 1h	56m 52s	$1.2M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$25.48
Price spread: +0.038% → 0.000%: $3.85
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$37.63
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 5 min ago. 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 Kraken Futures live order book, 5 min ago	3.30 bp	16.6 bp −$17	24.2 bp −$242	doesn't fit	doesn't fit

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	−0.0056%	1h	0.000006068	+0.372%	$131K	$1.7M	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000006050	+0.082%	$32K	$65K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006048	+0.045%	$80K	$3.5M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006047	+0.025%	$45K	$46K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006047	+0.023%	$571	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	−0.091%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDC	+0.0070%	8h	0.000006048	+0.041%	—	$1.7M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006052	+0.107%	$156K	$606K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006052	+0.102%	$40K	$273K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006050	+0.074%	$12K	$5K	10x	as long as short

Show all 29 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006050	+0.074%	$31.3M	$128.3M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006049	+0.058%	$9.6M	$46.2M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006044	−0.025%	$7.1M	$6.7M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006043	−0.041%	$27.9M	$19.0M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006043	−0.041%	$4.7M	$3.2M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006049	+0.058%	$11.4M	$17.6M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006048	+0.041%	$23K	$9K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006047	+0.025%	$7K	$2K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006070	+0.405%	$2K	$25K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006048	+0.041%	$528	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006053	+0.124%	$416K	$480K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006043	−0.041%	$2.1M	$7.7M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0102%	8h	0.000006049	+0.055%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006044	−0.025%	$54K	$4K	25x	as long as short
Hyperliquid kSHIB	+0.0179%	1h	0.000006056	+0.174%	$3.6M	$5.2M	10x	as long as short
Kraken Futures PF_SHIBUSDshort	+0.0201%	1h	0.000006048	+0.038%	$1.2M	$1.0M	50x
GMX SHIB/USD [ETH-USDC]	L +0.0212% / S −0.2404%	1h	0.000006000	−0.753%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006050	+0.074%	$926K	$902K	50x	as long as short
Reya kSHIBRUSDPERPlong	+0.0323%	1h	0.000006046	long leg	$1	—	20x