SHIB

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0658%/8h= +72.1% APRnext payment +$0.82 per $10,000 · paid last 24h −0.040%

Price spread now: Kraken Futures against SoDEX−0.085%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Kraken Futures

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—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.085% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 10 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX 1000SHIB-USD	0.000006014	0.0100	pay 0.0013% / 1h	14m 56s	$514	$5K	10x
Short	Kraken Futures PF_SHIBUSD	0.000006009	0.0758	get 0.0095% / 1h	14m 56s	$1.1M	$873K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SoDEX. 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 SoDEXbpFee Kraken FuturesbpOrdersPrice spread, now −0.085%Rate

Funding earned: $138.18
Price spread: −0.085% → 0.000%: −$8.51
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $111.67
Costs to cover: 0.180%
Break-even: 1.3 days

Slippage unknown: SoDEX: no order-book sample; Kraken Futures: live order book, 3 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 SoDEX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 3 min ago	4.16 bp	20.1 bp −$20	32.6 bp −$326	doesn't fit	doesn't fit

SoDEX: 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
dYdX SHIB-USD	0.0000%	1h	0.000006002	−0.201%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006006	−0.133%	$191K	$2.3M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000006011	−0.053%	$731	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	+0.432%	$248	$134K	5.5x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0072%	1h	0.000006027	+0.216%	$136K	$1.1M	50x	as long as short
BingX 1000SHIB-USDC	+0.0080%	8h	0.000006012	−0.033%	—	$1.6M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006015	+0.017%	$163K	$610K	10x	as long as short
Hyperliquid kSHIB	+0.0100%	1h	0.000006018	+0.067%	$3.6M	$4.7M	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006011	−0.056%	$93K	$246K	50x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006015	+0.024%	$29.5M	$102.2M	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006016	+0.033%	$9.3M	$36.2M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006007	−0.116%	$6.9M	$5.7M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006014	0.000%	$30.3M	$17.5M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006010	−0.067%	$4.9M	$2.7M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006015	+0.017%	$11.3M	$14.3M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006014	0.000%	$23K	$7K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006012	−0.033%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006022	+0.133%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USDlong	+0.0100%	1h	0.000006014	long leg	$514	$5K	10x
HTX SHIB-USDT	+0.0100%	8h	0.000006007	−0.116%	$411K	$595K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006012	−0.033%	$2.1M	$6.6M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006015	+0.017%	$53K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0116%	8h	0.000006006	−0.135%	$7K	$13	20x	as long as short
Pacifica kSHIB	+0.0183%	1h	0.000006003	−0.183%	$12K	$4K	10x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−0.233%	$1K	—	100x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0249%	1h	0.000006014	0.000%	$46K	$64K	25x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006010	−0.059%	$1	—	20x	as long as short
Kraken Futures PF_SHIBUSDshort	+0.0758%	1h	0.000006009	−0.085%	$1.1M	$873K	50x