SHIB

Alert

Funding spread now, next payment 17:00 UTC+0.0754%/8h

paid, last 24h0.000%paid, last 3 days+0.061%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.061% in total (about 7.8% 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	SoDEX 1000SHIB-USD	0.000005931	0.0100	pay 0.0013% / 1h	37m 46s	$547	$5K	10x
Short	Phemex u1000SHIBUSDT	0.000005930	0.0854	get 0.0854% / 8h	7h 37m	$2.1M	$4.6M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee PhemexbpOrdersRate

Funding earned: $158.31
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: $138.31
Break-even: 0.9 days

Slippage unknown: SoDEX: no order-book sample; Phemex: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.017%
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 SoDEX no order-book sample	—	—	—	—	—
Sell Phemex live order book, 2 min ago	8.41 bp	21.9 bp −$22	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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
Kraken Futures PF_SHIBUSD	−0.0327%	1h	$1.1M	$773K	50x	as long as short
Gate SHIB_USDT	−0.0201%	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 KXKSHIBPERP	0.0000%	8h	$102K	$1.6M	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
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
Paradex kSHIB-USD-PERP	+0.0096%	8h	$7K	—	20x	as long as short
Lighter 1000SHIB	+0.0096%	1h	$152K	$300K	10x	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	$78.8M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	$7.8M	$26.1M	50x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	$31.5M	$13.7M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	$4.7M	$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	$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-USDlong	+0.0100%	1h	$547	$5K	10x
HTX SHIB-USDT	+0.0100%	8h	$397K	$797K	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	$764K	$911K	50x	as long as short
Hyperliquid kSHIB	+0.0234%	1h	$3.4M	$3.1M	10x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	$1	—	20x	as long as short
Phemex u1000SHIBUSDTshort	+0.0854%	8h	$2.1M	$4.6M	50x
dYdX SHIB-USD	+0.5846%	1h	$23K	$66K	10x	as long as short