SHIB

Alert

Funding spread now, next payment 17:00 UTC−0.6729%/8h

next payment, per $10,000−$8.41paid, last 24h−0.695%paid, last 5 days−1.024%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid -1.024% in total (about -74.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.41 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	dYdX SHIB-USD	0.000005847	0.7136	pay 0.0892% / 1h	19m 40s	$22K	$66K	10x
Short	Hyperliquid kSHIB	0.000005853	0.0407	get 0.0051% / 1h	19m 40s	$4.2M	$3.6M	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee HyperliquidbpOrdersRate

Funding earned: −$1,413.12
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$1,432.12
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.101%
Avg gap 7d: —

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 dYdX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 3 min ago	0.85 bp	5.4 bp −$5	13.4 bp −$134	doesn't fit	doesn't fit

dYdX: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_SHIBUSD	−0.0331%	1h	$1.1M	$774K	50x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.0072%	1h	$96K	$835K	50x	as long as short
Gate SHIB_USDT	−0.0028%	8h	$6.6M	$5.1M	75x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	$112K	$1.6M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	$36K	$59K	25x	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	$90K	5.5x	as long as short
BingX 1000SHIB-USDT	+0.0076%	8h	—	$2.2M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	$151K	$307K	10x	as long as short
Paradex kSHIB-USD-PERP	+0.0097%	8h	$7K	—	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster 1000SHIBUSDT	+0.0100%	8h	$39K	$183K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	$11K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	$28.2M	$79.7M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.7M	$26.1M	50x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$32.1M	$14.3M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	$4.6M	$2.5M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	$11.2M	$11.7M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	$27K	$5K	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	$549	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$391K	$759K	75x	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	$753K	$917K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Hyperliquid kSHIBshort	+0.0407%	1h	$4.2M	$3.6M	10x
Phemex u1000SHIBUSDT	+0.0436%	8h	$2.1M	$4.6M	50x	as long as short
dYdX SHIB-USDlong	+0.7136%	1h	$22K	$66K	10x