SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0327%/8h= −35.8% APRnext payment −$0.41 per $10,000 · paid last 24h −0.002%

Price spread now: Lighter against Backpack+0.241%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.241% dearer against Backpack than usual: you sell high and buy low (spread +0.241% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack kSHIB_USDC_PERP	0.000006229	0.0423	pay 0.0053% / 1h	49m 24s	$24K	$7K	15x
Short	Lighter 1000SHIB	0.000006244	0.0096	get 0.0012% / 1h	49m 24s	$167K	$618K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Backpack. 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 BackpackbpFee LighterbpOrdersPrice spread, now +0.241%Rate

Funding earned: −$68.75
Price spread: +0.241% → 0.000%: $24.08
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$54.67
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Backpack: no order-book sample; Lighter: live order book, 51 min ago. 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 Backpack no order-book sample	—	—	—	—	—
Sell Lighter live order book, 51 min ago	1.68 bp	11.9 bp −$12	66.6 bp −$666	doesn't fit	doesn't fit

Backpack: 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
Coinbase International 1000SHIB-PERP-INTX	−0.0168%	1h	0.000006217	−0.193%	$109K	$1.3M	50x	as long as short
Kraken Futures PF_SHIBUSD	−0.0063%	1h	0.000006213	−0.250%	$1.2M	$964K	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000006242	+0.208%	$24K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006225	−0.058%	$180K	$2.5M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006214	−0.241%	$48K	$58K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006229	−0.005%	$588	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	−3.034%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	0.000006227	−0.032%	—	$1.6M	—	as long as short
Lighter 1000SHIBshort	+0.0096%	1h	0.000006244	+0.241%	$167K	$618K	10x
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006232	+0.048%	$43K	$322K	50x	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	0.000006232	+0.048%	$32.0M	$111.5M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006225	−0.064%	$10.0M	$39.9M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006228	−0.016%	$7.2M	$6.2M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006231	+0.032%	$31.7M	$18.6M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006231	+0.032%	$4.9M	$2.9M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006232	+0.048%	$11.8M	$15.2M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006229	0.000%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006226	−0.048%	$3K	$25K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006216	−0.209%	$498	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006219	−0.161%	$426K	$572K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006217	−0.193%	$2.2M	$7.0M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006220	−0.152%	$55K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0122%	8h	0.000006232	+0.054%	$7K	$13	20x	as long as short
Hyperliquid kSHIB	+0.0173%	1h	0.000006238	+0.144%	$3.7M	$5.0M	10x	as long as short
Pacifica kSHIB	+0.0188%	1h	0.000006237	+0.128%	$12K	$5K	10x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0214% / S −0.2404%	1h	0.000006000	−3.676%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006223	−0.096%	$899K	$924K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006228	−0.016%	$1	—	20x	as long as short
Backpack kSHIB_USDC_PERPlong	+0.0423%	1h	0.000006229	long leg	$24K	$7K	15x