SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0289%/8h= +31.7% APRnext payment +$0.36 per $10,000 · paid last 24h +0.079%

Price spread now: Reya against Injective−0.281%52s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.281% cheaper against Injective than usual: you would sell low and buy high (spread −0.281% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 3.2 days of funding at the current rate (+$9 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective SHIB/USDC PERP	0.000006040	0.0033	pay 0.0004% / 1h	2m 06s	$248	$134K	5.5x
Short	Reya kSHIBRUSDPERP	0.000006023	0.0323	get 0.0040% / 1h	2m 06s	$1	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee ReyabpOrdersPrice spread, now −0.281%Rate

Funding earned: $60.75
Price spread: −0.281% → 0.000%: −$28.11
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: $26.62
Costs to cover: 0.060%
Break-even: 3.9 days

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

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 Reya no order-book sample	—	—	—	—	—

Injective and Reya: 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: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SHIB-USD	0.0000%	1h	0.000006029	−0.183%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006016	−0.391%	$206K	$2.3M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006023	−0.281%	$46K	$65K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006023	−0.288%	$732	—	150x	as long as short
Injective SHIB/USDC PERPlong	+0.0033%	1h	0.000006040	long leg	$248	$134K	5.5x
Coinbase International 1000SHIB-PERP-INTX	+0.0064%	1h	0.000006072	+0.530%	$85K	$853K	50x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	0.000006018	−0.364%	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006026	−0.232%	$238K	$469K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006023	−0.289%	$37K	$179K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006033	−0.116%	$12K	$4K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006021	−0.311%	$29.6M	$99.1M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006018	−0.364%	$9.2M	$34.8M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006015	−0.414%	$7.0M	$5.7M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006016	−0.397%	$31.2M	$17.0M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006020	−0.331%	$4.9M	$2.7M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006018	−0.364%	$11.3M	$13.9M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006026	−0.232%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006036	−0.066%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006019	−0.348%	$532	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006018	−0.364%	$413K	$599K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006022	−0.298%	$2.1M	$6.4M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006019	−0.350%	$53K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0126%	8h	0.000006025	−0.254%	$7K	$13	20x	as long as short
Backpack kSHIB_USDC_PERP	+0.0173%	1h	0.000006019	−0.348%	$23K	$7K	15x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−0.662%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006029	−0.182%	$858K	$933K	50x	as long as short
Kraken Futures PF_SHIBUSD	+0.0261%	1h	0.000006021	−0.320%	$1.1M	$826K	50x	as long as short
Reya kSHIBRUSDPERPshort	+0.0323%	1h	0.000006023	−0.281%	$1	—	20x
Hyperliquid kSHIB	+0.0723%	1h	0.000006029	−0.182%	$4.4M	$4.0M	10x	as long as short