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: Backpack against Lighter−0.240%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Backpack

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

Funding pays, the price is against you. Backpack is 0.240% cheaper against Lighter than usual: you would sell low and buy high (spread −0.240% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 2.4 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter 1000SHIB	0.000006244	0.0096	pay 0.0012% / 1h	49m 38s	$167K	$618K	10x
Short	Backpack kSHIB_USDC_PERP	0.000006229	0.0423	get 0.0053% / 1h	49m 38s	$24K	$7K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Lighter. 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 LighterbpFee BackpackbpOrdersPrice spread, now −0.240%Rate

Funding earned: $68.75
Price spread: −0.240% → 0.000%: −$24.02
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: $34.72
Costs to cover: 0.100%
Break-even: 3.5 days

Slippage unknown: Lighter: live order book, 51 min ago; Backpack: 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 Lighter live order book, 51 min ago	1.68 bp	7.9 bp −$8	64.3 bp −$643	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

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	−0.432%	$109K	$1.3M	50x	as long as short
Kraken Futures PF_SHIBUSD	−0.0063%	1h	0.000006213	−0.489%	$1.2M	$964K	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000006242	−0.033%	$24K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006225	−0.298%	$180K	$2.5M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006214	−0.480%	$48K	$58K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006210	−0.548%	$586	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	−3.267%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDT	+0.0080%	8h	0.000006229	−0.240%	—	$2.2M	—	as long as short
Lighter 1000SHIBlong	+0.0096%	1h	0.000006244	long leg	$167K	$618K	10x
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006245	+0.020%	$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	0.000006239	−0.085%	$31.4M	$111.4M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006223	−0.336%	$10.1M	$39.9M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006233	−0.176%	$7.2M	$6.2M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006232	−0.192%	$31.8M	$18.6M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006247	+0.048%	$4.9M	$2.9M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006227	−0.272%	$11.8M	$15.2M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006213	−0.496%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006226	−0.288%	$3K	$25K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006216	−0.448%	$498	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006219	−0.400%	$426K	$572K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006217	−0.432%	$2.2M	$7.0M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006220	−0.392%	$55K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0122%	8h	0.000006232	−0.186%	$7K	$13	20x	as long as short
Hyperliquid kSHIB	+0.0163%	1h	0.000006255	+0.176%	$3.7M	$5.0M	10x	as long as short
Pacifica kSHIB	+0.0188%	1h	0.000006237	−0.112%	$12K	$5K	10x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0214% / S −0.2404%	1h	0.000006000	−3.908%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006223	−0.336%	$899K	$924K	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006217	−0.428%	$1	—	20x	as long as short
Backpack kSHIB_USDC_PERPshort	+0.0423%	1h	0.000006229	−0.240%	$24K	$7K	15x