SHIB

Alert

Funding spread now, next payment 16:00 UTC+0.0206%/8h

paid, last 24h−0.011%paid, last 4 days−0.032%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid -0.032% in total (about -3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance 1000SHIBUSDT	0.000005878	0.0100	pay 0.0100% / 8h	45m 18s	$28.3M	$63.0M	75x
Short	Injective SHIB/USDC PERP	0.000005767	0.0306	get 0.0038% / 1h	45m 18s	$236	$110K	5.5x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee InjectivebpOrdersRate

Funding earned: $43.18
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $33.16
Break-even: 1.6 days

Slippage unknown: Binance: live order book, 14 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −1.883%
Avg gap 7d: +0.120%

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 Binance live order book, 14 min ago	0.85 bp	7.2 bp −$7	15.6 bp −$156	66.0 bp −$6,597	211.0 bp −$105.5K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	$93K	$887K	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	$23K	$66K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	$295K	$1.0M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	$37K	$62K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0007% / S −0.0008%	1h	$1K	—	150x	as long as short
BingX 1000SHIB-USDT	+0.0070%	8h	—	$2.2M	—	as long as short
Gate SHIB_USDT	+0.0074%	8h	$6.7M	$4.3M	75x	as long as short
Lighter 1000SHIB	+0.0096%	1h	$158K	$214K	10x	as long as short
Paradex kSHIB-USD-PERP	+0.0097%	8h	$7K	—	20x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	$46K	$164K	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 1000SHIBUSDTlong	+0.0100%	8h	$28.3M	$63.0M	75x
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.6M	$21.8M	50x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$23.1M	$9.0M	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	$9.7M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	$27K	$4K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	$6K	$1K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	$2K	$18K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	$519	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$399K	$783K	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	$723K	$833K	50x	as long as short
Hyperliquid kSHIB	+0.0240%	1h	$3.5M	$2.2M	10x	as long as short
Injective SHIB/USDC PERPshort	+0.0306%	1h	$236	$110K	5.5x
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Kraken Futures PF_SHIBUSD	+0.0358%	1h	$1.1M	$668K	50x	as long as short