Funding you earn now, next payment 11:00 UTC+0.0203%/8h= +22.2% APRnext payment +$0.25 per $10,000 · paid last 24h −0.002%
Price spread now: Kraken Futures against Deribit−0.011%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.071%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.071% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit 1000SHIB_USDC-PERPETUAL | 0.000006011 | 0 | get 0.0000% / 1h | 46m 49s | $45K | $46K | 25x |
| Short | Kraken Futures PF_SHIBUSD | 0.000006010 | 0.0203 | get 0.0025% / 1h | 46m 49s | $1.2M | $1.0M | 50x |
Deribit 1000SHIB_USDC-PERPETUAL
Kraken Futures PF_SHIBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $42.53
- Price spread: −0.011% → 0.000%
- −$1.11
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $24.42
- Costs to cover
- 0.170%
- Break-even
- 3.0 days
Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 5 min ago. 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 5 min ago | 2.49 bp | 21.6 bp −$22 | 30.4 bp −$304 | doesn't fit | doesn't fit |
Deribit: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International 1000SHIB-PERP-INTX | −0.0056% | 1h | 0.000006068 | +0.948% | $131K | $1.7M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006014 | +0.045% | $77K | $3.5M | 2x | as long as short |
| Deribit 1000SHIB_USDC-PERPETUALlong | 0.0000% | 1h | 0.000006011 | long leg | $45K | $46K | 25x | |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006010 | −0.017% | $567 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000006040 | +0.482% | $248 | $134K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0051% | 8h | 0.000006014 | +0.050% | — | $2.2M | — | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006016 | +0.083% | $155K | $606K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006012 | +0.018% | $40K | $272K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006020 | +0.150% | $12K | $5K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006017 | +0.096% | $31.2M | $128.4M | 75x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006017 | +0.100% | $9.6M | $45.9M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006013 | +0.033% | $7.1M | $6.7M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006011 | 0.000% | $27.7M | $19.0M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006011 | 0.000% | $4.7M | $3.2M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006014 | +0.050% | $11.3M | $17.5M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006016 | +0.083% | $23K | $9K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006011 | 0.000% | $7K | $2K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006022 | +0.183% | $2K | $25K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006012 | +0.017% | $523 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006015 | +0.067% | $413K | $482K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006015 | +0.067% | $2.1M | $7.7M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006020 | +0.144% | $7K | $13 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006013 | +0.025% | $54K | $4K | 25x | as long as short |
| Hyperliquid kSHIB | +0.0152% | 1h | 0.000006022 | +0.183% | $3.6M | $5.2M | 10x | as long as short |
| Kraken Futures PF_SHIBUSDshort | +0.0203% | 1h | 0.000006010 | −0.011% | $1.2M | $1.0M | 50x | |
| GMX SHIB/USD [ETH-USDC] | L +0.0212% / S −0.2404% | 1h | 0.000006000 | −0.183% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006013 | +0.033% | $927K | $899K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006010 | −0.021% | $1 | — | 20x | as long as short |
| dYdX SHIB-USD | +0.8215% | 1h | 0.000006015 | +0.059% | $32K | $65K | 10x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Hyperliquid kSHIB
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
dYdX SHIB-USD