SHIB

Alert

Funding spread now, next payment 14:00 UTC+0.0075%/8h

next payment, per $10,000+$0.09paid, last 24h−0.119%paid, last 5 days−0.235%to open and closeno order book

Long on Backpack Short on Kraken Futures

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack kSHIB_USDC_PERP	0.000005710	0.0100	pay 0.0013% / 1h	33m 23s	$24K	$3K	15x
Short	Kraken Futures PF_SHIBUSD	0.000005709	0.0175	get 0.0022% / 1h	33m 23s	$1.1M	$590K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee Kraken FuturesbpOrdersRate

Funding earned: $15.76
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$4.24
Break-even: 8.9 days

Slippage unknown: Backpack: no order-book sample; Kraken Futures: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.020%
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 Kraken Futures live order book, 1 min ago	2.62 bp	12.8 bp −$13	24.4 bp −$244	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
dYdX SHIB-USD	0.0000%	1h	$33K	$54K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	$291K	$858K	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	$45K	$52K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	$694	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	$224	$92K	5.5x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0048%	1h	$90K	$907K	50x	as long as short
Gate SHIB_USDT	+0.0070%	8h	$6.4M	$3.6M	75x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	$153K	$180K	10x	as long as short
Hyperliquid kSHIB	+0.0100%	1h	$3.4M	$1.5M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster 1000SHIBUSDT	+0.0100%	8h	$44K	$154K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	$11K	$2K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	$27.5M	$53.0M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.4M	$17.8M	50x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$19.5M	$7.9M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	$4.5M	$1.8M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	$10.9M	$8.4M	75x	as long as short
Backpack kSHIB_USDC_PERPlong	+0.0100%	1h	$24K	$3K	15x
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	$6K	$1K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	$2K	$15K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	$513	$6K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$389K	$712K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	$2.1M	$3.9M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0100%	8h	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	$51K	$6K	25x	as long as short
Kraken Futures PF_SHIBUSDshort	+0.0175%	1h	$1.1M	$590K	50x
GMX SHIB/USD [ETH-USDC]	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	$722K	$737K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short