SHIB

Alert

Funding spread now, next payment 16:00 UTC−0.0259%/8h

paid, last 24h+0.088%paid, last 7 days+0.040%to open and close $10k−$63

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment. 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	Kraken Futures PF_SHIBUSD	0.000005875	0.0359	pay 0.0045% / 1h	38m 13s	$1.1M	$683K	50x
Short	Binance 1000SHIBUSDT	0.000005878	0.0100	get 0.0100% / 8h	38m 13s	$28.5M	$65.8M	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BinancebpOrdersRate

Funding earned: −$54.36
Slippage, 4 orders: −$43.07
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$117.43
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Binance: live order book, 6 min ago.

Price risk

price view

Price gap now: +0.045%
Avg gap 7d: +0.047%

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 Kraken Futures live order book, 2 min ago	5.95 bp	20.9 bp −$21	42.7 bp −$427	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.85 bp	7.6 bp −$8	15.3 bp −$153	61.3 bp −$6,135	179.8 bp −$89.9K

SHIB on 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit 1000SHIB_USDC-PERPETUAL	−0.0260%	1h	$36K	$63K	25x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.0008%	1h	$93K	$884K	50x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	$264K	$1.2M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0007% / S −0.0008%	1h	$1K	—	150x	as long as short
Gate SHIB_USDT	+0.0075%	8h	$6.6M	$4.4M	75x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	$158K	$284K	10x	as long as short
Paradex kSHIB-USD-PERP	+0.0097%	8h	$7K	—	20x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	$46K	$170K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	$11K	$4K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance 1000SHIBUSDTshort	+0.0100%	8h	$28.5M	$65.8M	75x
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.7M	$22.1M	50x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$33.0M	$10.2M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	$4.9M	$2.2M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	$11.2M	$9.9M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	$27K	$4K	15x	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	$19K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	$518	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$400K	$785K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	$2.1M	$4.3M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	$52K	$6K	25x	as long as short
Hyperliquid kSHIB	+0.0213%	1h	$3.5M	$2.2M	10x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0214% / S −0.2404%	1h	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	$739K	$849K	50x	as long as short
Injective SHIB/USDC PERP	+0.0306%	1h	$236	$110K	5.5x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Kraken Futures PF_SHIBUSDlong	+0.0359%	1h	$1.1M	$683K	50x
dYdX SHIB-USD	+0.0368%	1h	$23K	$66K	10x	as long as short