SHIB

Alert

Funding spread now, next payment 18:00 UTC−0.0503%/8h

paid, last 24h−0.040%paid, last 7 days−0.175%to open and close $10k−$46

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.175% in total (about -9.1% 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	Hyperliquid kSHIB	0.000005943	0.0503	pay 0.0063% / 1h	15m 25s	$4.3M	$3.6M	10x
Short	Kalshi KXKSHIBPERP	0.000005957	0	get 0.0000% / 8h	2h 15m	$103K	$1.4M	2x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee KalshibpOrdersRate

Funding earned: −$105.64
Slippage, 4 orders: −$27.15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$151.79
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; Kalshi: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.234%
Avg gap 7d: −0.155%

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, 8 min ago	0.84 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	7.64 bp	12.6 bp −$13	22.1 bp −$221	doesn't fit	doesn't fit

SHIB on 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International 1000SHIB-PERP-INTX	−0.0048%	1h	$87K	$761K	50x	as long as short
BingX 1000SHIB-USDT	−0.0010%	8h	—	$2.1M	—	as long as short
Kalshi KXKSHIBPERPshort	0.0000%	8h	$103K	$1.4M	2x
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	$42K	$64K	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	$53K	5.5x	as long as short
Kraken Futures PF_SHIBUSD	+0.0042%	1h	$1.1M	$736K	50x	as long as short
Lighter 1000SHIB	+0.0096%	1h	$152K	$307K	10x	as long as short
Paradex kSHIB-USD-PERP	+0.0099%	8h	$7K	—	20x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	$40K	$161K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica kSHIB	+0.0100%	1h	$11K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	$28.7M	$79.6M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.8M	$26.2M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	$6.7M	$5.2M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$34.2M	$15.0M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	$4.7M	$2.3M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	$11.5M	$11.3M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	$27K	$4K	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	$572	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$399K	$703K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	$2.1M	$4.7M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	$53K	$4K	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	$745K	$934K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Hyperliquid kSHIBlong	+0.0503%	1h	$4.3M	$3.6M	10x
dYdX SHIB-USD	+0.2589%	1h	$23K	$66K	10x	as long as short