SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0223%/8h= +24.4% APRnext payment +$0.28 per $10,000 · paid last 24h +0.068%

Price spread now: Reya against Backpack−0.058%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on Reya

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

Funding pays, the price is against you. Reya is 0.058% cheaper against Backpack than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 21 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack kSHIB_USDC_PERP	0.000006010	0.0100	pay 0.0013% / 1h	24m 45s	$25K	$6K	15x
Short	Reya kSHIBRUSDPERP	0.000006007	0.0323	get 0.0040% / 1h	24m 45s	$1	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.058%Rate

Funding earned: $46.75
Price spread: −0.058% → 0.000%: −$5.77
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $24.97
Costs to cover: 0.160%
Break-even: 3.3 days

Slippage unknown: Backpack: no order-book sample; Reya: 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 Backpack no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Backpack and Reya: 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	0.000006010	0.000%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006002	−0.128%	$67K	$1.9M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006010	0.000%	$46K	$65K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006007	−0.058%	$731	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0032%	1h	0.000006113	+1.714%	$81K	$791K	50x	as long as short
BingX 1000SHIB-USDT	+0.0080%	8h	0.000006006	−0.067%	—	$2.1M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006012	+0.033%	$151K	$292K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006017	+0.120%	$35K	$175K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000006010	0.000%	$12K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006007	−0.044%	$29.5M	$95.6M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006008	−0.033%	$8.6M	$32.6M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006001	−0.150%	$6.9M	$5.6M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006015	+0.083%	$29.9M	$16.4M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006013	+0.050%	$4.9M	$2.5M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006004	−0.100%	$11.4M	$13.3M	75x	as long as short
Backpack kSHIB_USDC_PERPlong	+0.0100%	1h	0.000006010	long leg	$25K	$6K	15x
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006013	+0.050%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006022	+0.200%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006013	+0.050%	$540	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006010	0.000%	$411K	$617K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006014	+0.067%	$2.1M	$6.0M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0101%	8h	0.000006007	−0.049%	$7K	—	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006003	−0.112%	$53K	$4K	25x	as long as short
Injective SHIB/USDC PERP	+0.0161%	1h	0.000006040	+0.499%	$248	$134K	5.5x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−0.166%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006007	−0.050%	$818K	$938K	50x	as long as short
Reya kSHIBRUSDPERPshort	+0.0323%	1h	0.000006007	−0.058%	$1	—	20x
Kraken Futures PF_SHIBUSD	+0.0384%	1h	0.000006012	+0.041%	$1.1M	$808K	50x	as long as short
Hyperliquid kSHIB	+0.0627%	1h	0.000006020	+0.166%	$4.4M	$4.0M	10x	as long as short