SHIB

Alert

Funding spread now, next payment 15:00 UTC−0.5331%/8h

paid, last 24h−0.599%paid, last 5 days−0.951%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 -0.951% in total (about -70.2% a year). A funding rate is set anew for every payment. 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	0.000005769	0.5431	pay 0.0679% / 1h	24m 51s	$34K	$54K	10x
Short	KuCoin SHIBUSDTM	0.000005763	0.0100	get 0.0100% / 8h	1h 24m	$4.6M	$1.9M	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee KuCoinbpOrdersRate

Funding earned: −$1,119.54
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,141.54
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; KuCoin: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.097%
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 KuCoin live order book, 9 min ago	2.61 bp	15.8 bp −$16	54.9 bp −$549	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
Kalshi KXKSHIBPERP	0.0000%	8h	$294K	$923K	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	$701	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0008%	1h	$89K	$896K	50x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	$224	$74K	5.5x	as long as short
Gate SHIB_USDT	+0.0076%	8h	$6.5M	$3.8M	75x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	$154K	$186K	10x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0097%	1h	$46K	$52K	25x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	$45K	$162K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	$11K	$2K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance 1000SHIBUSDT	+0.0100%	8h	$27.8M	$55.6M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.5M	$18.7M	50x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$20.0M	$8.3M	300x	as long as short
KuCoin SHIBUSDTMshort	+0.0100%	8h	$4.6M	$1.9M	75x
Bitget SHIBUSDT	+0.0100%	8h	$10.9M	$8.7M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	$24K	$3K	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	$16K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	$505	$6K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$393K	$725K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	$2.1M	$4.1M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0100%	8h	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	$51K	$6K	25x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	$714K	$794K	50x	as long as short
Hyperliquid kSHIB	+0.0295%	1h	$3.4M	$1.6M	10x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Kraken Futures PF_SHIBUSD	+0.0340%	1h	$1.1M	$587K	50x	as long as short
dYdX SHIB-USDlong	+0.5431%	1h	$34K	$54K	10x