SHIB

Alert

Funding spread now, next payment 20:00 UTC−0.0736%/8h

next payment, per $10,000−$7.36paid, last 24h−0.030%paid, last 7 days−0.146%to open and close $10k−$80

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.146% in total (about -7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.36 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	Phemex u1000SHIBUSDT	0.000005930	0.0736	pay 0.0736% / 8h	7h 36m	$2.1M	$4.6M	50x
Short	Kalshi KXKSHIBPERP	0.000005930	0	get 0.0000% / 8h	3h 36m	$102K	$1.6M	2x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee KalshibpOrdersRate

Funding earned: −$154.59
Slippage, 4 orders: −$58.19
Fee Phemex: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$234.77
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Kalshi: live order book, 3 min ago.

Price risk

price view

Price gap now: 0.000%
Avg gap 7d: −0.087%

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, 4 min ago	8.41 bp	27.9 bp −$28	65.0 bp −$650	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	7.66 bp	15.6 bp −$16	22.6 bp −$226	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	−0.0327%	1h	$1.1M	$773K	50x	as long as short
Gate SHIB_USDT	−0.0140%	8h	$6.7M	$5.0M	75x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.0072%	1h	$97K	$866K	50x	as long as short
Kalshi KXKSHIBPERPshort	0.0000%	8h	$102K	$1.6M	2x
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
BingX 1000SHIB-USDT	+0.0011%	8h	—	$2.2M	—	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	$236	$90K	5.5x	as long as short
Lighter 1000SHIB	+0.0096%	1h	$153K	$300K	10x	as long as short
Paradex kSHIB-USD-PERP	+0.0096%	8h	$7K	—	20x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster 1000SHIBUSDT	+0.0100%	8h	$40K	$181K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	$11K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	$28.7M	$78.9M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.8M	$26.0M	50x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$31.4M	$13.7M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	$4.8M	$2.5M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	$11.4M	$11.6M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	$27K	$5K	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	$546	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	$397K	$795K	75x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	$53K	$6K	25x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	$762K	$912K	50x	as long as short
Hyperliquid kSHIB	+0.0227%	1h	$3.4M	$3.1M	10x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Phemex u1000SHIBUSDTlong	+0.0736%	8h	$2.1M	$4.6M	50x
dYdX SHIB-USD	+0.6831%	1h	$23K	$66K	10x	as long as short