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SHIB

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Funding spread now, next payment 17:00 UTC+0.0423%/8h
next payment, per $10,000+$0.53paid, last 24h+0.079%paid, last 5 days+0.072%to open and closeno order book
Long on Kraken FuturesShort on Pacifica
The current rate is far above what this pair has been paying: over the last 5 days it paid 0.072% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_SHIBUSD0.000005992−0.0323get 0.0040% / 1h46m 26s$1.1M$767K50x
ShortPacifica kSHIB0.0000059950.0100get 0.0013% / 1h46m 26s$11K$4K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$88.9
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$70.9
Break-even
1.4 days
Slippage unknown: Kraken Futures: live order book, 3 min ago; Pacifica: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
+0.049%
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 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 3 min ago5.00 bp16.4 bp −$1638.0 bp −$380doesn't fitdoesn't fit
Sell Pacifica no order-book sample—————
Pacifica: 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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_SHIBUSDlong−0.0323%1h$1.1M$767K50x
Gate SHIB_USDT−0.0285%8h$6.8M$4.9M75xas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0072%1h$98K$871K50xas long as short
Kalshi KXKSHIBPERP0.0000%8h$92K$1.5M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h$37K$59K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0006%1h$15K—150xas long as short
Injective SHIB/USDC PERP+0.0033%1h$236$90K5.5xas long as short
BingX 1000SHIB-USDC+0.0080%8h—$1.6M—as long as short
Paradex kSHIB-USD-PERP+0.0095%8h$7K—20xas long as short
Lighter 1000SHIB+0.0096%1h$155K$299K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster 1000SHIBUSDT+0.0100%8h$40K$180K50xas long as short
Pacifica kSHIBshort+0.0100%1h$11K$4K10x
Binance 1000SHIBUSDT+0.0100%8h$29.3M$77.3M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h$8.0M$25.9M50xas long as short
MEXC SHIB_USDT+0.0100%8h$31.3M$13.3M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h$4.8M$2.4M75xas long as short
Bitget SHIBUSDT+0.0100%8h$11.6M$11.4M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h$27K$4K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h$6K$1K20xas long as short
SunX SHIB-USDT+0.0100%8h$2K$22K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h$547$5K10xas long as short
HTX SHIB-USDT+0.0100%8h$402K$817K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h$2.1M$4.5M50xas long as short
Extended 1000SHIB-USD+0.0104%1h$53K$6K25xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0214% / S −0.2404%1h$1K—100xas long as short
BloFin SHIB-USDT+0.0220%8h$764K$908K50xas long as short
Hyperliquid kSHIB+0.0274%1h$3.7M$2.9M10xas long as short
Reya kSHIBRUSDPERP+0.0323%1h$1—20xas long as short
dYdX SHIB-USD+0.2821%1h$23K$66K10xas long as short