Funding you earn now, next payment 20:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.002%
Price spread now: Backpack against SoDEX+0.033%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Backpack is 0.033% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX 1000SHIB-USD | 0.000006055 | 0.0100 | pay 0.0013% / 1h | 9m 59s | $564 | $5K | 10x |
| Short | Backpack kSHIB_USDC_PERP | 0.000006057 | 0.0150 | get 0.0019% / 1h | 9m 59s | $25K | $8K | 15x |
SoDEX 1000SHIB-USD
Backpack kSHIB_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SoDEX. 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
- $10.53
- Price spread: +0.033% → 0.000%
- $3.3
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$4.17
- Costs to cover
- 0.180%
- Break-even
- 9.8 days
Slippage unknown: SoDEX: no order-book sample; 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Backpack no order-book sample | — | — | — | — | — |
SoDEX and 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 exchanges
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 | −0.0136% | 1h | 0.000006093 | +0.628% | $130K | $1.9M | 50x | as long as short |
| Kalshi KXKSHIBPERP | 0.0000% | 8h | 0.000006056 | +0.018% | $177K | $3.1M | 2x | as long as short |
| gTrade (Gains Network) SHIB/USD | L +0.0006% / S 0.0000% | 1h | 0.000006055 | +0.003% | $572 | — | 150x | as long as short |
| Injective SHIB/USDC PERP | +0.0033% | 1h | 0.000005991 | −1.057% | $246 | $136K | 5.5x | as long as short |
| BingX 1000SHIB-USDT | +0.0070% | 8h | 0.000006055 | 0.000% | — | $2.4M | — | as long as short |
| Deribit 1000SHIB_USDC-PERPETUAL | +0.0080% | 1h | 0.000006058 | +0.050% | $65K | $45K | 25x | as long as short |
| Lighter 1000SHIB | +0.0096% | 1h | 0.000006062 | +0.116% | $333K | $691K | 10x | as long as short |
| Aster 1000SHIBUSDT | +0.0100% | 8h | 0.000006057 | +0.040% | $43K | $253K | 50x | as long as short |
| Pacifica kSHIB | +0.0100% | 1h | 0.000006057 | +0.033% | $12K | $3K | 10x | as long as short |
| Binance 1000SHIBUSDT | +0.0100% | 8h | 0.000006057 | +0.039% | $32.2M | $105.3M | 75x | as long as short |
Coinbase International 1000SHIB-PERP-INTX
Kalshi KXKSHIBPERP
gTrade (Gains Network) SHIB/USD
Injective SHIB/USDC PERP
BingX 1000SHIB-USDT
Deribit 1000SHIB_USDC-PERPETUAL
Lighter 1000SHIB
Aster 1000SHIBUSDT
Pacifica kSHIB
Binance 1000SHIBUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SHIB-USDT-SWAP | +0.0100% | 8h | 0.000006053 | −0.033% | $8.4M | $40.5M | 50x | as long as short |
| Gate SHIB_USDT | +0.0100% | 8h | 0.000006054 | −0.017% | $7.2M | $5.3M | 75x | as long as short |
| MEXC SHIB_USDT | +0.0100% | 8h | 0.000006056 | +0.017% | $25.8M | $12.0M | 300x | as long as short |
| KuCoin SHIBUSDTM | +0.0100% | 8h | 0.000006058 | +0.050% | $4.9M | $2.8M | 75x | as long as short |
| Bitget SHIBUSDT | +0.0100% | 8h | 0.000006054 | −0.017% | $11.6M | $15.2M | 75x | as long as short |
| Orderly PERP_1000SHIB_USDC | +0.0100% | 8h | 0.000006060 | +0.083% | $7K | — | 20x | as long as short |
| SunX SHIB-USDT | +0.0100% | 8h | 0.000006066 | +0.182% | $2K | $17K | 20x | as long as short |
| SoDEX 1000SHIB-USDlong | +0.0100% | 1h | 0.000006055 | long leg | $564 | $5K | 10x | |
| HTX SHIB-USDT | +0.0100% | 8h | 0.000006055 | 0.000% | $405K | $341K | 75x | as long as short |
| Phemex u1000SHIBUSDT | +0.0100% | 8h | 0.000006060 | +0.083% | $2.0M | $7.1M | 50x | as long as short |
| Paradex kSHIB-USD-PERP | +0.0102% | 8h | 0.000006055 | +0.006% | $7K | $16 | 20x | as long as short |
| Extended 1000SHIB-USD | +0.0104% | 1h | 0.000006056 | +0.009% | $54K | — | 25x | as long as short |
| Kraken Futures PF_SHIBUSD | +0.0115% | 1h | 0.000006056 | +0.016% | $1.2M | $947K | 50x | as long as short |
| Backpack kSHIB_USDC_PERPshort | +0.0150% | 1h | 0.000006057 | +0.033% | $25K | $8K | 15x | |
| GMX SHIB/USD [ETH-USDC] | L +0.0211% / S −0.2404% | 1h | 0.000006000 | −0.908% | $1K | — | 100x | as long as short |
| BloFin SHIB-USDT | +0.0220% | 8h | 0.000006050 | −0.083% | $845K | $682K | 50x | as long as short |
| Reya kSHIBRUSDPERP | +0.0323% | 1h | 0.000006054 | −0.015% | $1 | — | 20x | as long as short |
| Hyperliquid kSHIB | +0.0611% | 1h | 0.000006064 | +0.149% | $3.7M | $3.0M | 10x | as long as short |
| dYdX SHIB-USD | +0.6374% | 1h | 0.000006054 | −0.011% | $32K | $41K | 10x | as long as short |
OKX SHIB-USDT-SWAP
Gate SHIB_USDT
MEXC SHIB_USDT
KuCoin SHIBUSDTM
Bitget SHIBUSDT
Orderly PERP_1000SHIB_USDC
SunX SHIB-USDT
HTX SHIB-USDT
Phemex u1000SHIBUSDT
Paradex kSHIB-USD-PERP
Extended 1000SHIB-USD
Kraken Futures PF_SHIBUSD
GMX SHIB/USD [ETH-USDC]
BloFin SHIB-USDT
Reya kSHIBRUSDPERP
Hyperliquid kSHIB
dYdX SHIB-USD