Funding you earn now, next payment 03:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.011%
Price spread now: Lighter against Injective−0.546%7-day average +0.056% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.037%+$4 on $10k
+Price spread, last 3 days (all we have)+0.661%+$66 · spread now −0.546%, 7d avg +0.056%
=Together, before fees+0.698%+ Points / potential airdropLighter: Season 3 · farm board+$70 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.602% cheaper against Injective than usual: you would sell low and buy high (spread −0.546% now, against its 7-day average of +0.056%). If the spread goes back, that is −$60 on $10k: about 32 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.037% in total) that is about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective SHIB/USDC PERP | 0.000006040 | 0.0033 | pay 0.0004% / 1h | 55m 00s | $248 | $134K | 5.5x |
| Short | Lighter 1000SHIB | 0.000006007 | 0.0096 | get 0.0012% / 1h | 55m 00s | $162K | $610K | 10x |
Injective SHIB/USDC PERP
Lighter 1000SHIBFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $13.16
- Price spread: −0.546% → +0.056%
- −$60.21
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$47.07
- Costs to cover
- 0.000%
- Break-even
- 32.0 days
Slippage unknown: Injective: no order-book sample; Lighter: live order book, 56 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 Injective no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 56 min ago | 2.49 bp | 14.4 bp −$14 | 68.5 bp −$685 | doesn't fit | doesn't fit |
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 28 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 | −0.0293% | 1h | 0.000005997 | −0.708% | $1.1M | $891K | 50x | as long as short |
| Coinbase International 1000SHIB-PERP-INTX | −0.0032% | 1h | 0.000006034 | −0.099% | $136K | $1.1M | 50x | as long as short |
| dYdX SHIB-USD | 0.0000% | 1h | 0.000006000 | −0.662% | $23K | $64K | 10x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006007 | −0.540% | $192K | $2.3M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000005997 | −0.709% | $566 | — | 150x | as long as short |
| Injective SHIB/USDC PERPlong | +0.0033% | 1h | 0.000006040 | long leg | $248 | $134K | 5.5x | |
| BingX 1000SHIB-USDT | +0.0080% | 8h | 0.000006007 | −0.546% | — | $2.1M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0084% | 1h | 0.000005999 | −0.679% | $46K | $64K | 25x | as long as short |
| Lighter 1000SHIBshort | +0.0096% | 1h | 0.000006007 | −0.546% | $162K | $610K | 10x | |
| Hyperliquid kSHIB | +0.0100% | 1h | 0.000006013 | −0.447% | $3.6M | $4.7M | 10x | as long as short |
Kraken Futures PF_SHIBUSD
Coinbase International 1000SHIB-PERP-INTX
dYdX SHIB-USD
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
BingX 1000SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Hyperliquid kSHIBShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006003 | −0.619% | $45K | $315K | 50x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006002 | −0.634% | $29.3M | $101.8M | 75x | as long as short |
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006004 | −0.596% | $9.3M | $36.0M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006000 | −0.662% | $6.9M | $5.7M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006007 | −0.546% | $29.9M | $17.3M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000005993 | −0.778% | $4.9M | $2.7M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006004 | −0.596% | $11.2M | $14.2M | 75x | as long as short |
| Backpack kSHIB_USDC_PERP | +0.0100% | 1h | 0.000006006 | −0.563% | $23K | $7K | 15x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000005997 | −0.712% | $7K | $4K | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006011 | −0.480% | $2K | $24K | 20x | as long as short |
| SoDEX 1000SHIB-USD | +0.0100% | 1h | 0.000006002 | −0.629% | $512 | $5K | 10x | as long as short |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000005999 | −0.679% | $410K | $582K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006010 | −0.497% | $2.1M | $6.6M | 50x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000005998 | −0.693% | $53K | $4K | 25x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0113% | 8h | 0.000006006 | −0.566% | $7K | $13 | 20x | as long as short |
| Pacifica kSHIB | +0.0135% | 1h | 0.000006007 | −0.546% | $12K | $4K | 10x | as long as short |
| GMX SHIB/USD [ETH-USDC] | L +0.0213% / S −0.2404% | 1h | 0.000005000 | −17.219% | $1K | — | 100x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000005995 | −0.748% | $1 | — | 20x | as long as short |
Aster 1000SHIBUSDT
Binance 1000SHIBUSDT
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Backpack kSHIB_USDC_PERP
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
SoDEX 1000SHIB-USD
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Extended 1000SHIB-USD
Paradex kSHIB-USD-PERP
Pacifica kSHIB
GMX SHIB/USD [ETH-USDC]
Reya kSHIBRUSDPERP