SHIB

Alert

Funding spread now, next payment 18:00 UTC−0.0009%/8h

next payment, per $10,000−$0.01paid, last 24h+0.070%paid, last 4 days+0.010%to open and closeno order book

Long on Kraken Futures Short on Injective

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_SHIBUSD	0.000005962	0.0042	pay 0.0005% / 1h	49m 08s	$1.1M	$792K	50x
Short	Injective SHIB/USDC PERP	0.000005767	0.0033	get 0.0004% / 1h	49m 08s	$236	$53K	5.5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee InjectivebpOrdersRate

Funding earned: −$1.79
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$11.81
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −3.268%
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, 1 min ago	4.20 bp	18.6 bp −$19	35.1 bp −$351	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0048%	1h	$87K	$800K	50x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	$103K	$1.6M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	$42K	$64K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0006%	1h	$15K	—	150x	as long as short
Injective SHIB/USDC PERPshort	+0.0033%	1h	$236	$53K	5.5x
Kraken Futures PF_SHIBUSDlong	+0.0042%	1h	$1.1M	$792K	50x
BingX 1000SHIB-USDC	+0.0080%	8h	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	$152K	$303K	10x	as long as short
Paradex kSHIB-USD-PERP	+0.0099%	8h	$7K	—	20x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	$40K	$183K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica kSHIB	+0.0100%	1h	$11K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	$29.0M	$79.9M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.8M	$26.6M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	$6.7M	$5.1M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$33.7M	$14.5M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	$4.7M	$2.4M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	$11.4M	$11.7M	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	$22K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	$555	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$399K	$721K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	$2.1M	$4.7M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	$53K	$6K	25x	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	$923K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Hyperliquid kSHIB	+0.0526%	1h	$4.3M	$3.7M	10x	as long as short
dYdX SHIB-USD	+0.3874%	1h	$23K	$66K	10x	as long as short