SHIB

Alert

Funding spread now, next payment 17:00 UTC+0.0517%/8h

next payment, per $10,000+$0.65paid, last 24h+0.027%paid, last 7 days+0.178%to open and close $10k−$48

Long on Coinbase International Short on Hyperliquid

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.178% in total (about 9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.65 per $10,000. 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	Coinbase International 1000SHIB-PERP-INTX	0.000005911	−0.0048	get 0.0006% / 1h	35m 00s	$86K	$759K	50x
Short	Hyperliquid kSHIB	0.000005936	0.0469	get 0.0059% / 1h	35m 00s	$4.3M	$3.6M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HyperliquidbpOrdersRate

Funding earned: $108.54
Slippage, 4 orders: −$29.37
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $60.17
Break-even: 3.1 days

Slippage from Coinbase International: live order book, 50 min ago; Hyperliquid: live order book, 8 min ago.

Price risk

price view

Price gap now: +0.423%
Avg gap 7d: +0.110%

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 Coinbase International live order book, 50 min ago	7.67 bp	14.4 bp −$14	21.5 bp −$215	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	2.53 bp	11.4 bp −$11	19.3 bp −$193	doesn't fit	doesn't fit

SHIB on 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International 1000SHIB-PERP-INTXlong	−0.0048%	1h	$86K	$759K	50x
Kalshi KXKSHIBPERP	0.0000%	8h	$106K	$1.5M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0006%	1h	$15K	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	$236	$53K	5.5x	as long as short
Kraken Futures PF_SHIBUSD	+0.0042%	1h	$1.1M	$734K	50x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	—	$1.6M	—	as long as short
Gate SHIB_USDT	+0.0095%	8h	$6.7M	$5.1M	75x	as long as short
Lighter 1000SHIB	+0.0096%	1h	$151K	$305K	10x	as long as short
Paradex kSHIB-USD-PERP	+0.0099%	8h	$7K	—	20x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	$40K	$161K	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	$28.6M	$79.3M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.8M	$26.2M	50x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$33.6M	$14.6M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	$4.7M	$2.4M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	$11.5M	$11.4M	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	$22K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	$556	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$397K	$703K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	$2.1M	$4.7M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	$52K	$6K	25x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	$745K	$920K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0424%	1h	$42K	$64K	25x	as long as short
Hyperliquid kSHIBshort	+0.0469%	1h	$4.3M	$3.6M	10x
dYdX SHIB-USD	+0.3572%	1h	$23K	$66K	10x	as long as short