SHIB

Alert

Funding spread now, next payment 14:00 UTC−0.0450%/8h

next payment, per $10,000−$0.56paid, last 24h+0.017%paid, last 5 days+0.121%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 0.121% in total (about 9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.56 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	Hyperliquid kSHIB	0.000005723	0.0550	pay 0.0069% / 1h	59m 36s	$3.4M	$1.6M	10x
Short	Backpack kSHIB_USDC_PERP	0.000005716	0.0100	get 0.0013% / 1h	59m 36s	$24K	$3K	15x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee BackpackbpOrdersRate

Funding earned: −$94.43
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$113.43
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.122%
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 Hyperliquid live order book, 3 min ago	0.87 bp	7.1 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX SHIB-USD	0.0000%	1h	$33K	$54K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	$282K	$904K	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	$45K	$52K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	$695	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	$224	$92K	5.5x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0048%	1h	$89K	$899K	50x	as long as short
BingX 1000SHIB-USDT	+0.0080%	8h	—	$2.1M	—	as long as short
Gate SHIB_USDT	+0.0083%	8h	$6.4M	$3.7M	75x	as long as short
Lighter 1000SHIB	+0.0096%	1h	$154K	$181K	10x	as long as short
Paradex kSHIB-USD-PERP	+0.0100%	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	$44K	$155K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	$11K	$2K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	$27.5M	$54.4M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.4M	$18.2M	50x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$19.7M	$8.0M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	$4.5M	$1.9M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	$10.9M	$8.5M	75x	as long as short
Backpack kSHIB_USDC_PERPshort	+0.0100%	1h	$24K	$3K	15x
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	$512	$6K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$389K	$715K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	$2.1M	$4.0M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	$51K	$6K	25x	as long as short
Kraken Futures PF_SHIBUSD	+0.0175%	1h	$1.1M	$585K	50x	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	$715K	$755K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Hyperliquid kSHIBlong	+0.0550%	1h	$3.4M	$1.6M	10x