SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0289%/8h= −31.7% APRnext payment −$0.36 per $10,000 · paid last 24h −0.079%

Price spread now: Injective against Reya+0.528%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.528% dearer against Reya than usual: you sell high and buy low (spread +0.528% now, against zero (this spread has no 7-day history yet)): +$53 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kSHIBRUSDPERP	0.000006008	0.0323	pay 0.0040% / 1h	0m 40s	$1	—	20x
Short	Injective SHIB/USDC PERP	0.000006040	0.0033	get 0.0004% / 1h	0m 40s	$248	$134K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Reya. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee InjectivebpOrdersPrice spread, now +0.528%Rate

Funding earned: −$60.75
Price spread: +0.528% → 0.000%: $52.8
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$13.96
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Injective: no order-book sample. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Reya and Injective: 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: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SHIB-USD	0.0000%	1h	0.000006009	+0.011%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006013	+0.074%	$205K	$2.3M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006005	−0.054%	$46K	$65K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006004	−0.074%	$730	—	150x	as long as short
Injective SHIB/USDC PERPshort	+0.0033%	1h	0.000006040	+0.528%	$248	$134K	5.5x
Coinbase International 1000SHIB-PERP-INTX	+0.0064%	1h	0.000006072	+1.061%	$85K	$853K	50x	as long as short
BingX 1000SHIB-USDT	+0.0080%	8h	0.000006010	+0.029%	—	$2.1M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006020	+0.195%	$237K	$470K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006011	+0.052%	$37K	$179K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006010	+0.029%	$12K	$4K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006009	+0.012%	$29.5M	$99.3M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006006	−0.038%	$9.2M	$34.8M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006007	−0.021%	$7.0M	$5.7M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006004	−0.071%	$30.8M	$17.1M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006012	+0.062%	$4.9M	$2.7M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006013	+0.079%	$11.3M	$13.9M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006007	−0.021%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006014	+0.095%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006007	−0.021%	$522	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006003	−0.088%	$412K	$599K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006007	−0.021%	$2.1M	$6.4M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006006	−0.031%	$53K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0126%	8h	0.000006008	+0.001%	$7K	$13	20x	as long as short
Backpack kSHIB_USDC_PERP	+0.0167%	1h	0.000006007	−0.021%	$23K	$7K	15x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−0.138%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006010	+0.029%	$865K	$936K	50x	as long as short
Kraken Futures PF_SHIBUSD	+0.0261%	1h	0.000006004	−0.079%	$1.1M	$826K	50x	as long as short
Reya kSHIBRUSDPERPlong	+0.0323%	1h	0.000006008	long leg	$1	—	20x
Hyperliquid kSHIB	+0.0722%	1h	0.000006022	+0.228%	$4.4M	$4.0M	10x	as long as short