SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0192%/8h= +21.1% APRnext payment +$0.24 per $10,000 · paid last 24h +0.004%

Price spread now: Reya against Hyperliquid−0.142%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid 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 airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.142% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.142% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 2.5 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid kSHIB	0.000006012	0.0130	pay 0.0016% / 1h	21m 17s	$3.6M	$4.8M	10x
Short	Reya kSHIBRUSDPERP	0.000006003	0.0323	get 0.0040% / 1h	21m 17s	$1	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Hyperliquid. 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 HyperliquidbpFee ReyabpOrdersPrice spread, now −0.142%Rate

Funding earned: $40.39
Price spread: −0.142% → 0.000%: −$14.2
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: $11.2
Costs to cover: 0.150%
Break-even: 5.1 days

Slippage unknown: Hyperliquid: live order book, 11 min ago; 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 Hyperliquid live order book, 11 min ago	1.66 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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
Kraken Futures PF_SHIBUSD	−0.0351%	1h	0.000006003	−0.155%	$1.1M	$932K	50x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.0088%	1h	0.000006010	−0.033%	$126K	$1.1M	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000006002	−0.169%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006009	−0.047%	$192K	$2.3M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006003	−0.143%	$567	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+0.466%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	0.000006005	−0.116%	—	$1.6M	—	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0083%	1h	0.000006006	−0.100%	$46K	$58K	25x	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006008	−0.067%	$160K	$608K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006001	−0.180%	$40K	$321K	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica kSHIB	+0.0100%	1h	0.000006007	−0.083%	$12K	$5K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006006	−0.099%	$29.6M	$104.4M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006004	−0.133%	$9.4M	$36.8M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006001	−0.183%	$7.0M	$5.9M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006002	−0.166%	$30.0M	$17.8M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006002	−0.166%	$4.8M	$2.7M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006005	−0.116%	$11.4M	$14.6M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006007	−0.083%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006018	+0.100%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006007	−0.083%	$478	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006006	−0.100%	$410K	$555K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006004	−0.133%	$2.1M	$6.9M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006003	−0.155%	$53K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0119%	8h	0.000006008	−0.074%	$7K	$13	20x	as long as short
Backpack kSHIB_USDC_PERP	+0.0125%	1h	0.000006000	−0.200%	$23K	$7K	15x	as long as short
Hyperliquid kSHIBlong	+0.0130%	1h	0.000006012	long leg	$3.6M	$4.8M	10x
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−0.200%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006016	+0.067%	$870K	$893K	50x	as long as short
Reya kSHIBRUSDPERPshort	+0.0323%	1h	0.000006003	−0.142%	$1	—	20x