SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.011%

Price spread now: Deribit against SoDEX+0.067%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Deribit

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—needs both histories

The price spread pays, funding is against you. Deribit is 0.067% dearer against SoDEX than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000SHIB-USD	0.000006011	0.0100	pay 0.0013% / 1h	39m 59s	$520	$5K	10x
Short	Deribit 1000SHIB_USDC-PERPETUAL	0.000006015	0	get 0.0000% / 1h	39m 59s	$50K	$59K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SoDEX. 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 SoDEXbpFee DeribitbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$21
Price spread: +0.067% → 0.000%: $6.65
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$29.35
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Deribit: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

SoDEX and Deribit: 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
Coinbase International 1000SHIB-PERP-INTX	−0.0016%	1h	0.000006025	+0.233%	$117K	$1.6M	50x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006030	+0.311%	$119K	$3.2M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUALshort	0.0000%	1h	0.000006015	+0.067%	$50K	$59K	25x
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006015	+0.070%	$568	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+0.482%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDT	+0.0070%	8h	0.000006006	−0.083%	—	$2.3M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006013	+0.033%	$156K	$640K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006014	+0.048%	$41K	$329K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006021	+0.166%	$12K	$5K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006013	+0.032%	$30.4M	$127.5M	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	0.000006009	−0.033%	$9.2M	$43.3M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006006	−0.083%	$7.1M	$7.3M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006009	−0.033%	$28.1M	$19.9M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006016	+0.083%	$4.6M	$3.2M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006011	0.000%	$11.3M	$17.1M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006010	−0.017%	$23K	$8K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006016	+0.083%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006025	+0.233%	$2K	$27K	20x	as long as short
SoDEX 1000SHIB-USDlong	+0.0100%	1h	0.000006011	long leg	$520	$5K	10x
HTX SHIB-USDT	+0.0100%	8h	0.000006014	+0.050%	$410K	$576K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006002	−0.150%	$2.1M	$7.6M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0104%	8h	0.000006021	+0.174%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006006	−0.090%	$53K	$4K	25x	as long as short
Kraken Futures PF_SHIBUSD	+0.0200%	1h	0.000006007	−0.060%	$1.2M	$1.0M	50x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0212% / S −0.2404%	1h	0.000006000	−0.183%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006032	+0.349%	$868K	$939K	50x	as long as short
Hyperliquid kSHIB	+0.0264%	1h	0.000006019	+0.133%	$3.6M	$5.5M	10x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006009	−0.026%	$1	—	20x	as long as short
dYdX SHIB-USD	+0.2632%	1h	0.000006022	+0.180%	$36K	$70K	10x	as long as short