SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.012%

Price spread now: SoDEX against Deribit−0.050%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.050% cheaper against Deribit than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 40 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000SHIB_USDC-PERPETUAL	0.000005997	0	get 0.0000% / 1h	47m 54s	$47K	$65K	25x
Short	SoDEX 1000SHIB-USD	0.000005994	0.0100	get 0.0013% / 1h	47m 54s	$499	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Deribit. 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 DeribitbpFee SoDEXbpOrdersPrice spread, now −0.050%Rate

Funding earned: $21
Price spread: −0.050% → 0.000%: −$5
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $1
Costs to cover: 0.150%
Break-even: 6.7 days

Slippage unknown: Deribit: no order-book sample; SoDEX: 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 Deribit no order-book sample	—	—	—	—	—
Sell SoDEX no order-book sample	—	—	—	—	—

Deribit and SoDEX: 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
Kraken Futures PF_SHIBUSD	−0.0594%	1h	0.000005993	−0.063%	$1.1M	$1.0M	50x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.0128%	1h	0.000006001	+0.067%	$117K	$1.5M	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000005991	−0.101%	$23K	$56K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000005990	−0.113%	$111K	$3.2M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUALlong	0.0000%	1h	0.000005997	long leg	$47K	$65K	25x
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000005995	−0.040%	$566	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+0.717%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDC	+0.0070%	8h	0.000005994	−0.050%	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000005996	−0.017%	$158K	$630K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000005991	−0.108%	$41K	$336K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kSHIB	+0.0100%	1h	0.000005995	−0.033%	$12K	$5K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000005991	−0.108%	$30.4M	$122.1M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000005992	−0.083%	$9.5M	$41.4M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000005988	−0.150%	$7.1M	$7.1M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000005988	−0.150%	$28.7M	$19.1M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000005988	−0.150%	$4.6M	$3.1M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000005988	−0.150%	$11.3M	$16.9M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000005991	−0.100%	$23K	$7K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000005996	−0.017%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006005	+0.133%	$2K	$26K	20x	as long as short
SoDEX 1000SHIB-USDshort	+0.0100%	1h	0.000005994	−0.050%	$499	$5K	10x
HTX SHIB-USDT	+0.0100%	8h	0.000006002	+0.083%	$409K	$581K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006000	+0.050%	$2.1M	$7.3M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0101%	8h	0.000005998	+0.018%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000005984	−0.215%	$53K	$4K	25x	as long as short
Hyperliquid kSHIB	+0.0139%	1h	0.000005997	0.000%	$3.6M	$5.3M	10x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000005000	−16.625%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000005982	−0.250%	$917K	$914K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000005992	−0.091%	$1	—	20x	as long as short