SHIB

Alert

Funding spread now, next payment 19:00 UTC−0.0516%/8h

paid, last 24h−0.015%paid, last 5 days−0.041%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 -0.041% in total (about -3.1% 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	0.000005954	0.0616	pay 0.0077% / 1h	30m 40s	$4.3M	$3.7M	10x
Short	SunX SHIB-USDT	0.000005957	0.0100	get 0.0100% / 8h	5h 30m	$2K	$22K	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee SunXbpOrdersRate

Funding earned: −$108.43
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 5 bp × 2 orders: −$10
Net: −$127.43
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 2 min ago; SunX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.050%
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, 2 min ago	0.84 bp	10.2 bp −$10	20.3 bp −$203	doesn't fit	doesn't fit
Sell SunX no order-book sample	—	—	—	—	—

SunX: 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	$119K	$1.4M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	$723	—	150x	as long as short
Kraken Futures PF_SHIBUSD	+0.0011%	1h	$1.1M	$732K	50x	as long as short
Backpack kSHIB_USDC_PERP	+0.0012%	1h	$27K	$4K	15x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0016%	1h	$86K	$822K	50x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	$236	$36K	5.5x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	$152K	$309K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	$40K	$159K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	$11K	$4K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance 1000SHIBUSDT	+0.0100%	8h	$29.0M	$82.1M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.7M	$26.8M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	$6.7M	$5.3M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$33.6M	$14.9M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	$4.7M	$2.4M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	$11.4M	$11.9M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	$6K	$1K	20x	as long as short
SunX SHIB-USDTshort	+0.0100%	8h	$2K	$22K	20x
SoDEX 1000SHIB-USD	+0.0100%	1h	$571	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$399K	$659K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	$2.1M	$4.9M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0100%	8h	$7K	—	20x	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	$729K	$968K	50x	as long as short
dYdX SHIB-USD	+0.0231%	1h	$23K	$66K	10x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0254%	1h	$42K	$64K	25x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Hyperliquid kSHIBlong	+0.0616%	1h	$4.3M	$3.7M	10x