SHIB

Alert

Funding spread now, next payment 17:00 UTC+0.0333%/8h

next payment, per $10,000+$0.42paid, last 24h+0.050%paid, last 3 days−0.061%to open and closeno order book

Long on Kraken Futures Short on gTrade (Gains Network)

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.061% in total (about -7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 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	Kraken Futures PF_SHIBUSD	0.000005921	−0.0327	get 0.0041% / 1h	36m 31s	$1.1M	$773K	50x
Short	gTrade (Gains Network) SHIB/USD	0.000005927	L +0.0006% / S −0.0006%	get 0.0001% / 1h	36m 31s	$15K	—	150x

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 gTrade (Gains Network)bpOrdersRate

Funding earned: $69.89
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $49.89
Break-even: 2.0 days

Slippage unknown: Kraken Futures: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.099%
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 Kraken Futures live order book, 3 min ago	10.95 bp	16.1 bp −$16	35.5 bp −$355	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Kraken Futures PF_SHIBUSDlong	−0.0327%	1h	$1.1M	$773K	50x
Gate SHIB_USDT	−0.0087%	8h	$6.7M	$5.0M	75x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.0072%	1h	$97K	$866K	50x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	$102K	$1.6M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	$37K	$59K	25x	as long as short
gTrade (Gains Network) SHIB/USDshort	L +0.0006% / S −0.0006%	1h	$15K	—	150x
BingX 1000SHIB-USDT	+0.0011%	8h	—	$2.2M	—	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	$236	$90K	5.5x	as long as short
Lighter 1000SHIB	+0.0096%	1h	$153K	$300K	10x	as long as short
Paradex kSHIB-USD-PERP	+0.0096%	8h	$7K	—	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster 1000SHIBUSDT	+0.0100%	8h	$40K	$181K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	$11K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	$28.7M	$78.9M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.8M	$26.0M	50x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$31.4M	$13.7M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	$4.8M	$2.5M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	$11.4M	$11.6M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	$27K	$5K	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	$22K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	$546	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$397K	$795K	75x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	$53K	$6K	25x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	$762K	$912K	50x	as long as short
Hyperliquid kSHIB	+0.0228%	1h	$3.4M	$3.1M	10x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Phemex u1000SHIBUSDT	+0.0736%	8h	$2.1M	$4.6M	50x	as long as short
dYdX SHIB-USD	+0.6831%	1h	$23K	$66K	10x	as long as short