data as of
Settings8H · net · $10k
Funding arb /

SHIB

all SHIB markets
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Funding spread now, next payment 16:00 UTC−0.0263%/8h
paid, last 24h+0.087%paid, last 3 days+0.032%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 3 days it paid 0.032% in total (about 3.5% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_SHIBUSD0.0000058580.0360pay 0.0045% / 1h26m 37s$1.1M$718K50x
ShortParadex kSHIB-USD-PERP0.0000058500.0097get 0.0097% / 8h26m 37s$7K20x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$55.27
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$69.27
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; Paradex: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
−0.133%
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 ago4.26 bp15.6 bp −$1627.5 bp −$275doesn't fitdoesn'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.
ExchangeFunding /8hEveryOIVol 24hMax lev
Coinbase International 1000SHIB-PERP-INTX−0.0008%1h$92K$848K50xas long as short
Kalshi KXKSHIBPERP0.0000%8h$239K$1.2M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h$36K$59K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0007% / S −0.0008%1h$1K150xas long as short
Gate SHIB_USDT+0.0058%8h$6.6M$4.5M75xas long as short
BingX 1000SHIB-USDT+0.0070%8h$2.2Mas long as short
Lighter 1000SHIB+0.0096%1h$156K$305K10xas long as short
Paradex kSHIB-USD-PERPshort+0.0097%8h$7K20x
Aster 1000SHIBUSDT+0.0100%8h$43K$171K50xas long as short
Pacifica kSHIB+0.0100%1h$11K$4K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance 1000SHIBUSDT+0.0100%8h$28.1M$67.9M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h$7.6M$22.5M50xas long as short
MEXC SHIB_USDT+0.0100%8h$30.8M$12.4M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h$4.9M$2.2M75xas long as short
Bitget SHIBUSDT+0.0100%8h$11.1M$10.1M75xas 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$20K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h$519$5K10xas long as short
HTX SHIB-USDT+0.0100%8h$399K$794K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h$2.1M$4.3M50xas long as short
Extended 1000SHIB-USD+0.0104%1h$52K$6K25xas long as short
Hyperliquid kSHIB+0.0210%1h$3.6M$2.3M10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0214% / S −0.2404%1h$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h$744K$850K50xas long as short
Injective SHIB/USDC PERP+0.0306%1h$236$110K5.5xas long as short
Reya kSHIBRUSDPERP+0.0323%1h$120xas long as short
Kraken Futures PF_SHIBUSDlong+0.0360%1h$1.1M$718K50x
dYdX SHIB-USD+0.2993%1h$22K$66K10xas long as short