SHIB

Alert

Funding spread now, next payment 16:00 UTC−0.0206%/8h

next payment, per $10,000−$0.26paid, last 24h+0.009%paid, last 4 days+0.067%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 4 days it paid 0.067% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 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	Injective SHIB/USDC PERP	0.000005767	0.0306	pay 0.0038% / 1h	55m 28s	$236	$110K	5.5x
Short	Pacifica kSHIB	0.000005949	0.0100	get 0.0013% / 1h	55m 28s	$12K	$3K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee PacificabpOrdersRate

Funding earned: −$43.18
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$51.2
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Pacifica: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +3.156%
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 Injective no order-book sample	—	—	—	—	—
Sell Pacifica no order-book sample	—	—	—	—	—

Injective and Pacifica: 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
Coinbase International 1000SHIB-PERP-INTX	−0.0008%	1h	$93K	$910K	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	$35K	$54K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	$303K	$952K	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0007% / S −0.0008%	1h	$1K	—	150x	as long as short
BingX 1000SHIB-USDT	+0.0070%	8h	—	$2.2M	—	as long as short
Gate SHIB_USDT	+0.0078%	8h	$6.7M	$4.1M	75x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0087%	1h	$37K	$62K	25x	as long as short
Lighter 1000SHIB	+0.0096%	1h	$160K	$209K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	$47K	$164K	50x	as long as short
Pacifica kSHIBshort	+0.0100%	1h	$12K	$3K	10x

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance 1000SHIBUSDT	+0.0100%	8h	$28.8M	$60.2M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.8M	$21.1M	50x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$20.4M	$8.2M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	$5.1M	$2.0M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	$11.3M	$9.4M	75x	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	$17K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	$517	$6K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$406K	$771K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	$2.1M	$4.2M	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	$6K	25x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0215% / S −0.2404%	1h	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	$707K	$824K	50x	as long as short
Injective SHIB/USDC PERPlong	+0.0306%	1h	$236	$110K	5.5x
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Backpack kSHIB_USDC_PERP	+0.0328%	1h	$25K	$3K	15x	as long as short
Kraken Futures PF_SHIBUSD	+0.0355%	1h	$1.1M	$653K	50x	as long as short
Hyperliquid kSHIB	+0.0540%	1h	$3.5M	$2.1M	10x	as long as short