SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0289%/8h= −31.7% APRnext payment −$0.36 per $10,000 · paid last 24h −0.079%

Price spread now: Injective against Reya+0.937%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Injective

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

The price spread pays, funding is against you. Injective is 0.937% dearer against Reya than usual: you sell high and buy low (spread +0.937% now, against zero (this spread has no 7-day history yet)): +$94 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya kSHIBRUSDPERP	0.000005984	0.0323	pay 0.0040% / 1h	28m 53s	$1	—	20x
Short	Injective SHIB/USDC PERP	0.000006040	0.0033	get 0.0004% / 1h	28m 53s	$248	$134K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Reya. 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 ReyabpFee InjectivebpOrdersPrice spread, now +0.937%Rate

Funding earned: −$60.75
Price spread: +0.937% → 0.000%: $93.69
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $26.92
Costs to cover: 0.060%
Break-even: from the start

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

Reya and 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 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	−0.0294%	1h	0.000005974	−0.174%	$1.1M	$900K	50x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.0032%	1h	0.000005981	−0.049%	$135K	$1.1M	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000005992	+0.130%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000005988	+0.061%	$192K	$2.3M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000005978	−0.099%	$46K	$61K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000005982	−0.037%	$565	—	150x	as long as short
Injective SHIB/USDC PERPshort	+0.0033%	1h	0.000006040	+0.937%	$248	$134K	5.5x
BingX 1000SHIB-USDC	+0.0080%	8h	0.000005977	−0.116%	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000005976	−0.133%	$160K	$613K	10x	as long as short
Hyperliquid kSHIB	+0.0100%	1h	0.000005982	−0.032%	$3.6M	$4.8M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000SHIBUSDT	+0.0100%	8h	0.000005977	−0.117%	$41K	$318K	50x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000005980	−0.060%	$29.3M	$102.4M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000005976	−0.133%	$9.2M	$36.0M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000005976	−0.133%	$6.9M	$5.8M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000005978	−0.099%	$29.5M	$17.4M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000005979	−0.083%	$4.9M	$2.7M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000005978	−0.099%	$11.2M	$14.3M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000005976	−0.133%	$23K	$7K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000005982	−0.032%	$6K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000005997	+0.218%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000005977	−0.116%	$497	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000005974	−0.166%	$409K	$583K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000005973	−0.183%	$2.1M	$6.7M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000005975	−0.148%	$53K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0111%	8h	0.000005993	+0.158%	$7K	$13	20x	as long as short
Pacifica kSHIB	+0.0135%	1h	0.000005989	+0.085%	$12K	$4K	10x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000005000	−16.443%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000005974	−0.166%	$873K	$891K	50x	as long as short
Reya kSHIBRUSDPERPlong	+0.0323%	1h	0.000005984	long leg	$1	—	20x