SHIB

Alert

Funding spread now, next payment 16:00 UTC−0.0100%/8h

paid, last 24h−0.048%paid, last 5 days−0.290%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack kSHIB_USDC_PERP	0.000005886	0.0100	pay 0.0013% / 1h	40m 53s	$27K	$4K	15x
Short	Kalshi KXKSHIBPERP	0.000005924	0	get 0.0000% / 8h	4h 40m	$264K	$1.2M	2x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee KalshibpOrdersRate

Funding earned: −$21
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$41
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Kalshi: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.647%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Backpack no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 4 min ago	8.75 bp	13.7 bp −$14	19.4 bp −$194	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International 1000SHIB-PERP-INTX	−0.0008%	1h	$92K	$881K	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	$23K	$66K	10x	as long as short
Kalshi KXKSHIBPERPshort	0.0000%	8h	$264K	$1.2M	2x
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	$37K	$63K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0007% / S −0.0008%	1h	$1K	—	150x	as long as short
Gate SHIB_USDT	+0.0078%	8h	$6.7M	$4.4M	75x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	$169K	$272K	10x	as long as short
Paradex kSHIB-USD-PERP	+0.0097%	8h	$7K	—	20x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	$46K	$170K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica kSHIB	+0.0100%	1h	$11K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	$28.4M	$65.3M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.7M	$22.1M	50x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$33.1M	$10.2M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	$4.9M	$2.1M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	$11.2M	$9.9M	75x	as long as short
Backpack kSHIB_USDC_PERPlong	+0.0100%	1h	$27K	$4K	15x
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	$6K	$1K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	$2K	$19K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	$517	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$400K	$784K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	$2.1M	$4.3M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	$52K	$6K	25x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	$721K	$838K	50x	as long as short
Hyperliquid kSHIB	+0.0246%	1h	$3.6M	$2.2M	10x	as long as short
Injective SHIB/USDC PERP	+0.0306%	1h	$236	$110K	5.5x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Kraken Futures PF_SHIBUSD	+0.0358%	1h	$1.1M	$677K	50x	as long as short