data as of
Settings8H · net · $10k
Funding arb /

SHIB

all SHIB markets
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Funding spread now, next payment 00:00 UTC+0.0281%/8h
next payment, per $10,000+$2.81paid, last 24h+0.006%paid, last 7 days+0.146%to open and close $10k−$111
The current rate is far above what this pair has been paying: over the last 7 days it paid 0.146% in total (about 7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.81 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 1000SHIB-USDC0.0000060020.0080pay 0.0080% / 8h7h 49m$1.6M
ShortPhemex u1000SHIBUSDT0.0000060100.0361get 0.0361% / 8h7h 49m$2.1M$4.5M50x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
$59.09
Slippage, 4 orders
−$88.88
Fee BingX: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$51.79
Break-even
13.1 days
Slippage from BingX: live order book, 4 min ago; Phemex: live order book, 6 min ago.

Price risk

price view
Price gap now
+0.133%
Avg gap 7d
+0.054%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 4 min ago4.95 bp18.3 bp −$1850.3 bp −$503277.3 bp −$27.7K992.3 bp −$496.2K
Sell Phemex live order book, 6 min ago21.39 bp35.0 bp −$3579.9 bp −$799doesn't fitdoesn't fit

SHIB on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate SHIB_USDT−0.0412%8h$6.8M$4.8M75xas long as short
Kraken Futures PF_SHIBUSD−0.0323%1h$1.1M$766K50xas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0072%1h$98K$873K50xas long as short
Kalshi KXKSHIBPERP0.0000%8h$92K$1.5M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h$37K$59K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0006%1h$15K150xas long as short
Injective SHIB/USDC PERP+0.0033%1h$236$90K5.5xas long as short
BingX 1000SHIB-USDClong+0.0080%8h$1.6M
Paradex kSHIB-USD-PERP+0.0096%8h$7K20xas long as short
Lighter 1000SHIB+0.0096%1h$155K$299K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster 1000SHIBUSDT+0.0100%8h$40K$180K50xas long as short
Pacifica kSHIB+0.0100%1h$11K$4K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h$29.4M$77.0M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h$8.0M$25.8M50xas long as short
MEXC SHIB_USDT+0.0100%8h$31.5M$13.2M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h$4.8M$2.4M75xas long as short
Bitget SHIBUSDT+0.0100%8h$11.5M$11.3M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h$27K$4K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h$6K$1K20xas long as short
SunX SHIB-USDT+0.0100%8h$2K$22K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h$553$5K10xas long as short
HTX SHIB-USDT+0.0100%8h$403K$816K75xas long as short
Extended 1000SHIB-USD+0.0104%1h$53K$6K25xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0214% / S −0.2404%1h$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h$742K$898K50xas long as short
Hyperliquid kSHIB+0.0224%1h$3.6M$2.8M10xas long as short
Reya kSHIBRUSDPERP+0.0323%1h$120xas long as short
Phemex u1000SHIBUSDTshort+0.0361%8h$2.1M$4.5M50x
dYdX SHIB-USD+0.2102%1h$23K$66K10xas long as short