SHIB

Alert

Funding spread now, next payment 19:00 UTC+0.3117%/8h

next payment, per $10,000+$3.90paid, last 24h+0.751%paid, last 5 days+1.302%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid 1.302% in total (about 92.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.90 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	Lighter 1000SHIB	0.000005948	0.0096	pay 0.0012% / 1h	0m 15s	$152K	$310K	10x
Short	dYdX SHIB-USD	0.000005950	0.3213	get 0.0402% / 1h	0m 15s	$23K	$66K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee dYdXbpOrdersRate

Funding earned: $654.47
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: $644.47
Break-even: 0.1 days

Slippage unknown: Lighter: live order book, 26 min ago; dYdX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.036%
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 Lighter live order book, 26 min ago	2.52 bp	10.2 bp −$10	64.8 bp −$648	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
Kalshi KXKSHIBPERP	0.0000%	8h	$79K	$1.5M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	$723	—	150x	as long as short
Kraken Futures PF_SHIBUSD	+0.0011%	1h	$1.1M	$730K	50x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0016%	1h	$88K	$836K	50x	as long as short
Backpack kSHIB_USDC_PERP	+0.0033%	1h	$27K	$4K	15x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	$236	$36K	5.5x	as long as short
BingX 1000SHIB-USDT	+0.0040%	8h	—	$2.1M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0086%	1h	$42K	$64K	25x	as long as short
Lighter 1000SHIBlong	+0.0096%	1h	$152K	$310K	10x
Aster 1000SHIBUSDT	+0.0100%	8h	$38K	$161K	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	$29.1M	$83.4M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.7M	$27.2M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	$6.7M	$5.4M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$33.3M	$15.1M	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	$12.0M	75x	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	$579	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$401K	$646K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	$2.1M	$5.0M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0100%	8h	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	$53K	$4K	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	$738K	$996K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Hyperliquid kSHIB	+0.0577%	1h	$4.3M	$3.7M	10x	as long as short
dYdX SHIB-USDshort	+0.3213%	1h	$23K	$66K	10x