SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0261%/8h= −28.6% APRnext payment −$0.33 per $10,000 · paid last 24h +0.001%

Price spread now: Pacifica against Backpack+0.115%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Pacifica is 0.115% dearer against Backpack than usual: you sell high and buy low (spread +0.115% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack kSHIB_USDC_PERP	0.000006099	0.0361	pay 0.0045% / 1h	50m 31s	$25K	$6K	15x
Short	Pacifica kSHIB	0.000006106	0.0100	get 0.0013% / 1h	50m 31s	$12K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Backpack. 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 BackpackbpFee PacificabpOrdersPrice spread, now +0.115%Rate

Funding earned: −$54.82
Price spread: +0.115% → 0.000%: $11.48
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$61.34
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Pacifica: 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 Backpack no order-book sample	—	—	—	—	—
Sell Pacifica no order-book sample	—	—	—	—	—

Backpack and Pacifica: 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
dYdX SHIB-USD	0.0000%	1h	0.000006099	+0.002%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006098	−0.011%	$73K	$1.9M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006097	−0.033%	$47K	$65K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006098	−0.018%	$742	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0032%	1h	0.000006113	+0.230%	$81K	$792K	50x	as long as short
BingX 1000SHIB-USDT	+0.0080%	8h	0.000006099	0.000%	—	$2.1M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006107	+0.131%	$154K	$290K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006102	+0.048%	$35K	$175K	50x	as long as short
Pacifica kSHIBshort	+0.0100%	1h	0.000006106	+0.115%	$12K	$4K	10x
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006100	+0.016%	$30.0M	$94.6M	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	0.000006100	+0.016%	$8.8M	$32.5M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006095	−0.066%	$7.0M	$5.6M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006102	+0.049%	$30.7M	$16.2M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006103	+0.066%	$5.0M	$2.5M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006100	+0.016%	$11.6M	$13.2M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006098	−0.016%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006108	+0.148%	$2K	$23K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006099	0.000%	$538	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006099	0.000%	$416K	$613K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006090	−0.148%	$2.1M	$5.9M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0102%	8h	0.000006107	+0.139%	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006096	−0.044%	$54K	$4K	25x	as long as short
Injective SHIB/USDC PERP	+0.0161%	1h	0.000006040	−0.967%	$248	$134K	5.5x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−1.623%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006097	−0.033%	$815K	$954K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006098	−0.013%	$1	—	20x	as long as short
Backpack kSHIB_USDC_PERPlong	+0.0361%	1h	0.000006099	long leg	$25K	$6K	15x
Kraken Futures PF_SHIBUSD	+0.0378%	1h	0.000006101	+0.025%	$1.2M	$803K	50x	as long as short
Hyperliquid kSHIB	+0.0719%	1h	0.000006111	+0.197%	$4.4M	$4.0M	10x	as long as short