SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.3882%/8h= −425.1% APRnext payment −$4.85 per $10,000 · paid last 24h −0.675%

Price spread now: Backpack against dYdX+0.069%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 6 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

The price spread pays, funding is against you. Backpack is 0.069% dearer against dYdX than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$116 a day in funding at the current rate, which eats that in about 1 hour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX SHIB-USD	0.000005997	0.3982	pay 0.0498% / 1h	22m 21s	$35K	$70K	10x
Short	Backpack kSHIB_USDC_PERP	0.000006001	0.0100	get 0.0013% / 1h	22m 21s	$23K	$8K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. 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 dYdXbpFee BackpackbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$815.17
Price spread: +0.069% → 0.000%: $6.92
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$828.26
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Backpack: 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 dYdX no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

dYdX and Backpack: 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
Coinbase International 1000SHIB-PERP-INTX	−0.0016%	1h	0.000006005	+0.136%	$117K	$1.6M	50x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000005981	−0.259%	$119K	$3.2M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000005988	−0.141%	$565	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+0.720%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDT	+0.0070%	8h	0.000005991	−0.098%	—	$2.3M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0084%	1h	0.000005989	−0.131%	$50K	$59K	25x	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006003	+0.103%	$156K	$642K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000005996	−0.016%	$41K	$305K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006000	+0.052%	$12K	$6K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000005993	−0.064%	$30.4M	$127.8M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000005985	−0.198%	$9.0M	$43.5M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000005989	−0.131%	$7.0M	$7.3M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000005996	−0.014%	$28.8M	$20.2M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000005991	−0.098%	$4.7M	$3.2M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000005988	−0.148%	$11.3M	$17.2M	75x	as long as short
Backpack kSHIB_USDC_PERPshort	+0.0100%	1h	0.000006001	+0.069%	$23K	$8K	15x
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000005991	−0.098%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006000	+0.052%	$2K	$27K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000005988	−0.148%	$513	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000005992	−0.081%	$408K	$576K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006000	+0.052%	$2.1M	$7.7M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0103%	8h	0.000005998	+0.016%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000005985	−0.191%	$53K	$4K	25x	as long as short
Kraken Futures PF_SHIBUSD	+0.0200%	1h	0.000005989	−0.127%	$1.2M	$1.0M	50x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0212% / S −0.2404%	1h	0.000005000	−16.623%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000005982	−0.248%	$868K	$933K	50x	as long as short
Hyperliquid kSHIB	+0.0264%	1h	0.000006000	+0.052%	$3.6M	$5.5M	10x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000005990	−0.114%	$1	—	20x	as long as short
dYdX SHIB-USDlong	+0.3982%	1h	0.000005997	long leg	$35K	$70K	10x