Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against SoDEX+0.051%7-day average — · you sell dearer than you buy
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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.051% dearer against SoDEX than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX 1000SHIB-USD | 0.000005902 | 0.0100 | pay 0.0013% / 1h | 48m 14s | $505 | $5K | 10x |
| Short | Lighter 1000SHIB | 0.000005905 | 0.0096 | get 0.0012% / 1h | 48m 14s | $169K | $623K | 10x |
SoDEX 1000SHIB-USD
Lighter 1000SHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SoDEX. 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
- −$0.84
- Price spread: +0.051% → 0.000%
- $5.08
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$3.76
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 50 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 50 min ago | 0.83 bp | 8.7 bp −$9 | 62.2 bp −$622 | doesn't fit | doesn't fit |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000005902 | +0.002% | $143K | $3.9M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | 0.0000% | 1h | 0.000005902 | 0.000% | $51K | $50K | 25x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005898 | −0.075% | $557 | — | 150x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | +0.0016% | 1h | 0.000005889 | −0.220% | $142K | $1.7M | 50x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +2.338% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDC | +0.0070% | 8h | 0.000005905 | +0.051% | — | $1.7M | — | as long as short |
| Lighter 1000SHIBshort | +0.0096% | 1h | 0.000005905 | +0.051% | $169K | $623K | 10x | |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000005900 | −0.034% | $43K | $285K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000005911 | +0.152% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000005901 | −0.013% | $30.6M | $131.3M | 75x | as long as short |
Kalshi KXKSHIBPERP
Deribit 1000SHIB_USDC-PERPETUAL
gTrade (Gains Network) SHIB/USD
Coinbase International 1000SHIB-PERP-INTX
Injective SHIB/USDC PERP
BingX 1000SHIB-USDC
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000005900 | −0.034% | $8.7M | $46.9M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000005900 | −0.034% | $6.9M | $6.8M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000005906 | +0.068% | $27.2M | $19.2M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005902 | 0.000% | $4.7M | $3.3M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000005902 | 0.000% | $11.4M | $17.7M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000005905 | +0.051% | $23K | $9K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005900 | −0.034% | $6K | $2K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000005915 | +0.220% | $2K | $25K | 20x | as long as short |
| SoDEX 1000SHIB-USDlong | +0.0100% | 1h | 0.000005902 | long leg | $505 | $5K | 10x | |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005902 | 0.000% | $404K | $493K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000005907 | +0.085% | $2.1M | $7.8M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0103% | 8h | 0.000005913 | +0.187% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005899 | −0.042% | $52K | $4K | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0211% | 1h | 0.000005902 | +0.004% | $1.1M | $1.0M | 50x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0211% / S −0.2404% | 1h | 0.000005000 | −15.283% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000005903 | +0.017% | $906K | $869K | 50x | as long as short |
| Hyperliquid kSHIB | +0.0221% | 1h | 0.000005908 | +0.102% | $3.5M | $5.2M | 10x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005899 | −0.055% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +1.1030% | 1h | 0.000005911 | +0.160% | $31K | $52K | 10x | as long as short |
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
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Hyperliquid kSHIB
Reya kSHIBRUSDPERP
dYdX SHIB-USD