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

SHIB

all SHIB markets
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Funding spread now, next payment 16:00 UTC+0.0259%/8h
paid, last 24h−0.088%paid, last 7 days−0.086%to open and close $10k−$76
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.086% in total (about -4.5% 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
LongKuCoin SHIBUSDTM0.0000058680.0100pay 0.0100% / 8h22m 18s$4.9M$2.2M75x
ShortKraken Futures PF_SHIBUSD0.0000058660.0359get 0.0045% / 1h22m 18s$1.1M$727K50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$54.48
Slippage, 4 orders
−$54
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$21.52
Break-even
9.8 days
Slippage from KuCoin: live order book, 2 min ago; Kraken Futures: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.027%
Avg gap 7d
+0.007%
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 KuCoin live order book, 2 min ago3.42 bp17.8 bp −$1851.3 bp −$513doesn't fitdoesn't fit
Sell Kraken Futures live order book, 2 min ago4.27 bp20.8 bp −$2133.2 bp −$332doesn't fitdoesn't fit

SHIB on 29 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Coinbase International 1000SHIB-PERP-INTX−0.0008%1h$95K$852K50xas long as short
Kalshi KXKSHIBPERP0.0000%8h$249K$1.2M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h$36K$59K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h$714150xas long as short
Gate SHIB_USDT+0.0055%8h$6.6M$4.6M75xas long as short
BingX 1000SHIB-USDT+0.0070%8h$2.2Mas long as short
Lighter 1000SHIB+0.0096%1h$155K$306K10xas long as short
Paradex kSHIB-USD-PERP+0.0097%8h$7K20xas long as short
Aster 1000SHIBUSDT+0.0100%8h$43K$173K50xas 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$28.0M$68.8M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h$7.6M$22.8M50xas long as short
MEXC SHIB_USDT+0.0100%8h$30.7M$12.6M300xas long as short
KuCoin SHIBUSDTMlong+0.0100%8h$4.9M$2.2M75x
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$520$5K10xas long as short
HTX SHIB-USDT+0.0100%8h$400K$798K75xas 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+0.0204%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$741K$847K50xas 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_SHIBUSDshort+0.0359%1h$1.1M$727K50x
dYdX SHIB-USD+0.3468%1h$22K$66K10xas long as short