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Funding spread now, next payment 15:00 UTC+0.0308%/8h
next payment, per $10,000+$0.38paid, last 24h−0.086%paid, last 4 days−0.012%to open and closeno order book
Long on InjectiveShort on Kraken Futures
The current rate is far above what this pair has been paying: over the last 4 days it paid -0.012% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 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
LongInjective SHIB/USDC PERP0.0000054730.0033pay 0.0004% / 1h29m 54s$224$74K5.5x
ShortKraken Futures PF_SHIBUSD0.0000057600.0341get 0.0043% / 1h29m 54s$1.1M$587K50x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$64.59
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$54.57
Break-even
1.1 days
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 5 min ago. Net counts fees only.

Price risk

price view
Price gap now
+5.238%
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 Kraken Futures live order book, 5 min ago4.35 bp11.1 bp −$1128.9 bp −$289doesn't fitdoesn't fit
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
Kalshi KXKSHIBPERP0.0000%8h$294K$922K2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h$46K$52K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h$701—150xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0008%1h$90K$914K50xas long as short
Injective SHIB/USDC PERPlong+0.0033%1h$224$74K5.5x
Gate SHIB_USDT+0.0075%8h$6.5M$3.8M75xas long as short
BingX 1000SHIB-USDT+0.0080%8h—$2.1M—as long as short
Lighter 1000SHIB+0.0096%1h$153K$186K10xas long as short
Paradex kSHIB-USD-PERP+0.0100%8h$7K—20xas long as short
Aster 1000SHIBUSDT+0.0100%8h$45K$162K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica kSHIB+0.0100%1h$11K$2K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h$27.8M$55.5M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h$7.5M$18.7M50xas long as short
MEXC SHIB_USDT+0.0100%8h$20.0M$8.3M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h$4.6M$1.9M75xas long as short
Bitget SHIBUSDT+0.0100%8h$10.9M$8.7M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h$24K$3K15xas long as short
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$507$6K10xas long as short
HTX SHIB-USDT+0.0100%8h$392K$724K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h$2.1M$4.1M50xas long as short
Extended 1000SHIB-USD+0.0104%1h$51K$6K25xas 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$712K$787K50xas long as short
Hyperliquid kSHIB+0.0294%1h$3.4M$1.6M10xas long as short
Reya kSHIBRUSDPERP+0.0323%1h$1—20xas long as short
Kraken Futures PF_SHIBUSDshort+0.0341%1h$1.1M$587K50x
dYdX SHIB-USD+0.5332%1h$34K$54K10xas long as short