data as of
Settings8H · net · $10k
Funding arb /

SHIB

all SHIB markets
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Funding spread now, next payment 15:00 UTC+0.0067%/8h
next payment, per $10,000+$0.08paid, last 24h+0.027%paid, last 4 days+0.223%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective SHIB/USDC PERP0.0000054730.0033pay 0.0004% / 1h49m 52s$224$74K5.5x
ShortBackpack kSHIB_USDC_PERP0.0000056930.0100get 0.0013% / 1h49m 52s$24K$3K15x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$14
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Backpack: 5 bp × 2 orders
−$10
Net
$3.98
Break-even
5.0 days
Slippage unknown: Injective: no order-book sample; Backpack: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
+4.020%
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 Injective no order-book sample
Sell Backpack no order-book sample
Injective and 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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kalshi KXKSHIBPERP0.0000%8h$289K$925K2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h$692150xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0008%1h$89K$895K50xas long as short
Injective SHIB/USDC PERPlong+0.0033%1h$224$74K5.5x
Gate SHIB_USDT+0.0080%8h$6.4M$3.7M75xas long as short
BingX 1000SHIB-USDC+0.0080%8h$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h$152K$184K10xas long as short
Paradex kSHIB-USD-PERP+0.0100%8h$7K20xas long as short
Aster 1000SHIBUSDT+0.0100%8h$44K$156K50xas long as short
Pacifica kSHIB+0.0100%1h$11K$2K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance 1000SHIBUSDT+0.0100%8h$27.4M$54.9M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h$7.4M$18.3M50xas long as short
MEXC SHIB_USDT+0.0100%8h$19.5M$8.1M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h$4.6M$1.9M75xas long as short
Bitget SHIBUSDT+0.0100%8h$10.8M$8.6M75xas long as short
Backpack kSHIB_USDC_PERPshort+0.0100%1h$24K$3K15x
Orderly PERP_1000SHIB_USDC+0.0100%8h$6K$1K20xas long as short
SunX SHIB-USDT+0.0100%8h$2K$16K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h$503$6K10xas long as short
HTX SHIB-USDT+0.0100%8h$387K$716K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h$2.1M$4.1M50xas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0102%1h$45K$52K25xas long as short
Extended 1000SHIB-USD+0.0104%1h$50K$6K25xas long as short
Hyperliquid kSHIB+0.0194%1h$3.3M$1.6M10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0214% / S −0.2404%1h$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h$719K$767K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h$120xas long as short
Kraken Futures PF_SHIBUSD+0.0345%1h$1.1M$586K50xas long as short
dYdX SHIB-USD+0.5712%1h$33K$54K10xas long as short