SHIB funding rates

SHIB perpetual funding across 11 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
8.5%long Gate, short Hyperliquid · net 2.2%
Highest funding now
10.9%Hyperliquid
Lowest funding now
−48.6%Polymarket
Listed on
11 venues

Funding by venue

7d chartFlagsOpen
HyperliquidkSHIB10.9%10.2%11.2%13.4%11.3%99%1h—5.476e-06$3.0M$309kHyHyperliquid
Aster1000SHIBUSDT10.9%10.5%10.0%10.3%9.9%100%8h08:005.48e-06$104k$112kAsAster
GRVTKSHIB_USDT_Perp10.9%10.3%10.2%10.7%10.2%95%8h08:005.476e-06$446k$968kGrGRVT
BitgetCEXSHIBUSDT10.9%7.7%8.8%8.7%9.0%93%8h08:005.475e-06$10.3M$2.0MBgBitget
Lighter1000SHIB10.5%10.5%10.5%6.6%10.5%100%1h04:005.476e-06$168k$32kLiLighter
BinanceCEX1000SHIBUSDT4.4%2.4%5.5%7.2%—83%8h08:005.474e-06$26.4M$22.2MBnBinance
Extended1000SHIB-USD4.4%3.3%3.1%7.3%3.0%72%1h04:005.468e-06$48k$443ExExtended
MEXCCEXSHIB_USDT2.3%4.6%5.4%7.4%5.5%76%8h08:005.471e-06$15.9M$5.5MMxMEXC
BybitCEXSHIB1000USDT−14.9%2.4%3.2%4.7%3.4%64%8h08:005.474e-06$8.9M$2.8MByBybit
GateCEXSHIB_USDT−16.1%−0.2%2.7%5.6%3.2%78%8h08:005.475e-06$6.6M$830kGtGate
PolymarketKSHIB-USD−48.6%−22.3%−0.6%2.8%3.0%67%1h04:005.472e-06$75k$13kPmPolymarket

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
PolymarketBinanceCEX53.0%24.7%9.7%6.2%5.0%7.5%6.8dnew$75k1h/8hinvite onlyPmBncalc
BybitCEXLighter25.4%8.1%7.3%1.9%4.4%6.6%5.5dsteady$168k8h/1hByLicalc
GateCEXLighter26.6%10.7%7.8%1.0%3.9%5.9%7.0dsteady$168k8h/1hGtLicalc
PolymarketHyperliquid59.6%32.5%11.8%10.6%7.3%11.0%5.3dspike ×3.9$75kinvite onlyPmHycalc
PolymarketAster59.6%32.8%10.6%7.4%6.4%9.6%5.5dspike ×4.8$75k1h/8hinvite onlyPmAscalc
PolymarketGRVT59.6%32.6%10.8%7.8%6.3%9.5%5.8dspike ×4.6$75k1h/8hinvite onlyPmGrcalc
BybitCEXHyperliquid25.8%7.8%8.0%8.7%2.7%4.1%9.2dsteady$3.0M8h/1hByHycalc
MEXCCEXHyperliquid8.7%5.6%5.8%6.0%2.4%3.6%8.2dsteady$3.0M8h/1hMxHycalc
PolymarketLighter59.1%32.8%11.1%3.8%9.0%13.5%2.6dspike ×4.4$75kinvite onlyPmLicalc
GateCEXHyperliquid27.0%10.4%8.5%7.8%2.2%3.4%10dsteady$3.0M8h/1hGtHycalc
PolymarketBitgetCEX59.6%30.0%9.4%5.8%4.2%6.2%7.8dspike ×5.1$75k1h/8hinvite onlyPmBgcalc
MEXCCEXLighter8.2%5.9%5.1%−0.8%4.1%6.1%2.8dmixed$168k8h/1hMxLicalc
BybitCEXAster25.8%8.1%6.8%5.6%1.8%2.7%10dsteady$104kByAscalc
BybitCEXGRVT25.8%7.9%7.0%6.0%1.7%2.6%10dsteady$446kByGrcalc
ExtendedLighter6.1%7.2%7.4%−0.7%6.1%9.2%2.5dsteady$48klow OIExLicalc
MEXCCEXAster8.7%5.9%4.6%2.9%1.5%2.2%9.5dweak$104kMxAscalc
PolymarketMEXCCEX50.9%26.9%6.0%4.5%2.9%4.3%7.3dspike ×10.8$75k1h/8hinvite onlyPmMxcalc
MEXCCEXGRVT8.7%5.7%4.8%3.3%1.4%2.1%9.9dweak$446kMxGrcalc
GateCEXAster27.0%10.7%7.3%4.6%1.3%2.0%11dsteady$104kGtAscalc
GateCEXGRVT27.0%10.5%7.5%5.0%1.2%1.9%12dsteady$446kGtGrcalc
BinanceCEXLighter6.1%8.1%5.0%−1.7%2.4%3.7%7.2dmixed$168k8h/1hBnLicalc
ExtendedHyperliquid6.6%6.9%8.1%6.1%4.5%6.7%6.3dsteady$48klow OIExHycalc
ExtendedAster6.6%7.2%6.9%3.0%3.5%5.3%6.8dsteady$48klow OI1h/8hExAscalc
ExtendedGRVT6.6%7.0%7.1%3.4%3.5%5.2%7.2dsteady$48klow OI1h/8hExGrcalc
BinanceCEXAster6.6%8.1%5.3%3.1%0.6%0.9%12dnew$104kBnAscalc
ExtendedBitgetCEX6.6%4.4%5.7%1.4%1.3%1.9%11dsteady$48klow OI1h/8hExBgcalc
BinanceCEXGRVT6.6%7.9%5.2%3.5%0.2%0.3%13dnew$446kBnGrcalc
BinanceCEXHyperliquid6.6%7.8%5.1%5.9%0.1%0.2%14dnew$3.0M8h/1hBnHycalc
PolymarketExtended53.0%25.6%3.7%4.4%0.3%0.4%13dspike$48klow OIinvite onlyPmExcalc
ExtendedMEXCCEX−2.1%1.3%2.3%0.1%0.0%0.0%14dmixed$48klow OI1h/8hExMxcalc
BybitCEXBitgetCEX25.8%5.3%5.6%4.0%−0.4%−0.7%15dsteady$8.9MByBgcalc
MEXCCEXBitgetCEX8.7%3.1%3.4%1.3%−0.8%−1.2%17dweak$10.3MMxBgcalc
GateCEXBitgetCEX27.0%7.9%6.1%3.1%−0.9%−1.4%16dsteady$6.6MGtBgcalc
BinanceCEXBitgetCEX6.6%5.3%4.2%1.1%−1.6%−2.4%19dnew$10.3MBnBgcalc
LighterHyperliquid0.4%−0.3%0.7%6.8%−1.7%−2.5%49dweak$168kLiHycalc
BybitCEXMEXCCEX17.2%2.2%2.2%2.7%−1.7%−2.6%25dweak$8.9MByMxcalc
BinanceCEXMEXCCEX−2.1%2.2%1.7%0.5%−2.0%−2.9%30dnew$15.9MBnMxcalc
GateCEXMEXCCEX18.4%4.8%2.7%1.8%−2.3%−3.4%26dweak$6.6MGtMxcalc
LighterAster0.4%0.0%−0.5%3.7%−2.6%−3.9%—weak$104k1h/8hLiAscalc
LighterGRVT0.4%−0.2%−0.3%4.1%−2.7%−4.0%—weak$168k1h/8hLiGrcalc
BitgetCEXLighter−0.4%2.8%1.7%−2.1%−1.4%−2.1%25dmixed$168k8h/1hBgLicalc
BitgetCEXHyperliquid0.0%2.5%2.4%4.7%−3.1%−4.6%32dweak$3.0M8h/1hBgHycalc
AsterLighter−0.4%0.0%0.5%−3.7%−1.6%−2.4%57dmixed$104k8h/1hAsLicalc
AsterHyperliquid0.0%−0.3%1.2%3.1%−3.2%−4.9%52dweak$104k8h/1hAsHycalc
GRVTHyperliquid0.0%−0.1%1.0%2.7%−3.7%−5.5%65dweak$446k8h/1hGrHycalc
BitgetCEXAster0.0%2.8%1.2%1.6%−4.0%−6.0%60dweak$104kBgAscalc
BybitCEXBinanceCEX19.3%0.0%1.5%2.9%−4.0%−6.0%53dnew$8.9MByBncalc
GRVTLighter−0.4%0.2%0.3%−4.1%−2.0%−3.0%100dmixed$168k8h/1hGrLicalc
BitgetCEXGRVT0.0%2.6%1.4%2.0%−4.1%−6.1%55dweak$446kBgGrcalc
AsterGRVT0.0%−0.2%0.2%0.4%−4.2%−6.4%336dweak$104kAsGrcalc
PolymarketBybitCEX33.8%24.7%3.8%1.8%−1.1%−1.7%18dspike ×74.0$75k1h/8hinvite onlyPmBycalc
LighterBitgetCEX0.4%−2.8%−1.7%2.1%−4.9%−7.3%—weak$168k1h/8hLiBgcalc
GateCEXBinanceCEX20.5%2.6%1.3%1.2%−5.2%−7.9%71dnew$6.6MGtBncalc
PolymarketGateCEX32.5%22.1%3.3%2.8%−2.7%−4.1%26dspike ×167.2$75k1h/8hinvite onlyPmGtcalc
BybitCEXExtended19.3%0.9%−0.2%2.6%−4.3%−6.5%—weak$48klow OI8h/1hByExcalc
MEXCCEXExtended2.1%−1.3%−2.3%−0.1%−4.7%−7.0%—weak$48klow OI8h/1hMxExcalc
GateCEXExtended20.5%3.5%0.4%1.7%−4.8%−7.3%192dweak$48klow OI8h/1hGtExcalc
MEXCCEXBinanceCEX2.1%−2.2%−1.7%−0.5%−5.3%−8.0%—mixed$15.9MMxBncalc
GateCEXBybitCEX1.2%2.6%0.5%−0.9%−6.2%−9.4%175dmixed$6.6MGtBycalc
ExtendedBinanceCEX0.0%−0.9%0.5%−0.1%−3.4%−5.1%110dmixed$48klow OI1h/8hExBncalc
ExtendedBybitCEX−19.3%−0.9%0.2%−2.6%−4.0%−6.0%364dmixed$48klow OI1h/8hExBycalc
What the columns and badges mean
now
Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h
Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d
Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d
Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend
Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR
7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital
Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven
Days of 7d-average funding needed to pay back open+close taker fees.
Min OI
Smaller open interest of the two legs, USD.
steady
Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike
The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed
The spread was negative too often: not negative in only X% of hours over 7 days.
new
Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak
Prior-week spread under 5% APR: too small to call steady.
cooling
The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?
Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale
At least one leg has not updated for over 30 minutes.
low OI
Open interest under $50k on at least one leg — size carefully.
8h/1h
Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi
Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only
Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.
A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX
Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 03:10 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

No two venues give a usable spread right now.

SHIB: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →MEXC0.000005471
MEXC0.000005471—
All quotes (11)
VenueBidAskQualityAgeVol 24hFlags
MEXCCEX0.0000054710.000005471mark8m$5.5Mno FX
Aster0.000005479990.00000547999mark13m$112kstaleno FX
BinanceCEX0.0000054740.000005474mark12m$22.2Mstaleno FX
BitgetCEX0.0000054750.000005475mark12m$2.0Mstaleno FX
BybitCEX0.0000054740.000005474mark12m$2.8Mstaleno FX
Extended0.00000546790.0000054679mark13m$443stale
GateCEX0.0000054750.000005475mark12m$830kstaleno FX
GRVT0.0000054760.000005476mark13m$968kstaleno FX
Hyperliquid0.0000054760.000005476mark13m$309kstale
Lighter0.0000054760.000005476mark13m$32kstale
Polymarket0.0000054720.000005472mark13m$13kstale

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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