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SHIB

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Funding spread now, next payment 16:00 UTC+0.0299%/8h
next payment, per $10,000+$0.37paid, last 24h+0.017%paid, last 3 days+0.060%to open and closeno order book
Long on gTrade (Gains Network)Short on Injective
The current rate is far above what this pair has been paying: over the last 3 days it paid 0.060% in total (about 7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) SHIB/USD0.000005880L +0.0007% / S −0.0008%pay 0.0001% / 1h37m 15s$1K—150x
ShortInjective SHIB/USDC PERP0.0000057670.0306get 0.0038% / 1h37m 15s$236$110K5.5x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
$62.78
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$52.76
Break-even
1.1 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Injective: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
−1.918%
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 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample—————
Sell Injective no order-book sample—————
gTrade (Gains Network) and Injective: 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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Coinbase International 1000SHIB-PERP-INTX−0.0008%1h$93K$884K50xas long as short
Kalshi KXKSHIBPERP0.0000%8h$264K$1.2M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h$36K$63K25xas long as short
gTrade (Gains Network) SHIB/USDlongL +0.0007% / S −0.0008%1h$1K—150x
Gate SHIB_USDT+0.0073%8h$6.6M$4.4M75xas long as short
BingX 1000SHIB-USDC+0.0080%8h—$1.6M—as long as short
Lighter 1000SHIB+0.0096%1h$156K$292K10xas long as short
Paradex kSHIB-USD-PERP+0.0097%8h$7K—20xas long as short
Aster 1000SHIBUSDT+0.0100%8h$46K$170K50xas long as short
Pacifica kSHIB+0.0100%1h$11K$4K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance 1000SHIBUSDT+0.0100%8h$28.5M$66.0M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h$7.7M$22.1M50xas long as short
MEXC SHIB_USDT+0.0100%8h$32.8M$10.2M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h$4.9M$2.2M75xas long as short
Bitget SHIBUSDT+0.0100%8h$11.1M$9.9M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h$27K$4K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h$6K$1K20xas long as short
SunX SHIB-USDT+0.0100%8h$2K$19K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h$515$5K10xas long as short
HTX SHIB-USDT+0.0100%8h$399K$786K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h$2.1M$4.3M50xas long as short
Extended 1000SHIB-USD+0.0104%1h$52K$6K25xas long as short
Hyperliquid kSHIB+0.0204%1h$3.5M$2.2M10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0214% / S −0.2404%1h$1K—100xas long as short
BloFin SHIB-USDT+0.0220%8h$743K$845K50xas long as short
Injective SHIB/USDC PERPshort+0.0306%1h$236$110K5.5x
Reya kSHIBRUSDPERP+0.0323%1h$1—20xas long as short
Kraken Futures PF_SHIBUSD+0.0359%1h$1.1M$688K50xas long as short
dYdX SHIB-USD+0.0737%1h$22K$66K10xas long as short