SHIB

Alert

Funding spread now, next payment 16:00 UTC−0.0942%/8h

paid, last 24h−0.015%paid, last 7 days−0.148%to open and close $10k−$83

Long on Phemex Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.148% in total (about -7.7% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex u1000SHIBUSDT	0.000005985	0.0870	pay 0.0870% / 8h	7h 44m	$2.1M	$4.5M	50x
Short	Coinbase International 1000SHIB-PERP-INTX	0.000005976	−0.0072	pay 0.0009% / 1h	44m 22s	$97K	$867K	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee Coinbase InternationalbpOrdersRate

Funding earned: −$197.77
Slippage, 4 orders: −$60.81
Fee Phemex: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$280.59
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Coinbase International: live order book, 45 min ago.

Price risk

price view

Price gap now: −0.150%
Avg gap 7d: −0.034%

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 Phemex live order book, 6 min ago	14.16 bp	32.8 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 45 min ago	8.54 bp	13.5 bp −$14	19.2 bp −$192	doesn't fit	doesn't fit

SHIB on 29 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_SHIBUSD	−0.0324%	1h	$1.1M	$767K	50x	as long as short
Gate SHIB_USDT	−0.0218%	8h	$6.8M	$4.9M	75x	as long as short
Coinbase International 1000SHIB-PERP-INTXshort	−0.0072%	1h	$97K	$867K	50x
BingX 1000SHIB-USDT	−0.0052%	8h	—	$2.2M	—	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	$91K	$1.5M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	$37K	$59K	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 PERP	+0.0033%	1h	$236	$90K	5.5x	as long as short
Paradex kSHIB-USD-PERP	+0.0095%	8h	$7K	—	20x	as long as short
Lighter 1000SHIB	+0.0096%	1h	$154K	$299K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster 1000SHIBUSDT	+0.0100%	8h	$40K	$180K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	$11K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	$29.3M	$77.6M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.9M	$26.0M	50x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$31.7M	$13.4M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	$4.8M	$2.4M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	$11.5M	$11.5M	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	$550	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$401K	$802K	75x	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	$764K	$916K	50x	as long as short
Hyperliquid kSHIB	+0.0275%	1h	$3.6M	$2.9M	10x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Phemex u1000SHIBUSDTlong	+0.0870%	8h	$2.1M	$4.5M	50x
dYdX SHIB-USD	+0.3638%	1h	$23K	$66K	10x	as long as short