SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.2% APRnext payment +$1.20 per $10,000 · paid last 24h +0.029%

Price spread now: Paradex against Kalshi−0.045%7-day average — · you buy dearer than you sell

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

Long on Kalshi Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Paradex is 0.045% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 30 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXKSHIBPERP	0.000006188	0	get 0.0000% / 8h	7h 41m	$181K	$2.8M	2x
Short	Paradex kSHIB-USD-PERP	0.000006185	0.0120	get 0.0120% / 8h	3h 41m	$7K	$13	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kalshi. 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 KalshibpFee ParadexbpOrdersPrice spread, now −0.045%Rate

Funding earned: $25.24
Price spread: −0.045% → 0.000%: −$4.52
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $6.72
Costs to cover: 0.140%
Break-even: 5.1 days

Slippage unknown: Kalshi: live order book, 2 min ago; Paradex: 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 Kalshi live order book, 2 min ago	9.26 bp	14.3 bp −$14	21.1 bp −$211	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Coinbase International 1000SHIB-PERP-INTX	−0.0168%	1h	0.000006186	−0.036%	$124K	$1.3M	50x	as long as short
Kraken Futures PF_SHIBUSD	−0.0064%	1h	0.000006166	−0.361%	$1.2M	$988K	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000006197	+0.141%	$24K	$64K	10x	as long as short
Kalshi KXKSHIBPERPlong	0.0000%	8h	0.000006188	long leg	$181K	$2.8M	2x
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006172	−0.262%	$47K	$58K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006204	+0.250%	$586	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	−2.395%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	0.000006207	+0.304%	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006202	+0.223%	$163K	$621K	10x	as long as short
Hyperliquid kSHIB	+0.0100%	1h	0.000006201	+0.207%	$3.7M	$5.0M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006188	−0.003%	$42K	$326K	50x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006204	+0.253%	$32.1M	$114.3M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006212	+0.385%	$10.1M	$40.5M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006203	+0.239%	$7.3M	$6.4M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006208	+0.320%	$31.3M	$18.7M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006189	+0.013%	$4.8M	$3.0M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006198	+0.158%	$11.8M	$15.6M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006210	+0.352%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006181	−0.116%	$2K	$25K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006172	−0.262%	$508	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006212	+0.385%	$426K	$581K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006196	+0.126%	$2.1M	$7.1M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006185	−0.052%	$55K	$4K	25x	as long as short
Paradex kSHIB-USD-PERPshort	+0.0120%	8h	0.000006185	−0.045%	$7K	$13	20x
Pacifica kSHIB	+0.0188%	1h	0.000006195	+0.110%	$12K	$5K	10x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0214% / S −0.2404%	1h	0.000006000	−3.041%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006207	+0.304%	$911K	$922K	50x	as long as short
Backpack kSHIB_USDC_PERP	+0.0262%	1h	0.000006198	+0.158%	$24K	$7K	15x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006200	+0.199%	$1	—	20x	as long as short