Shiba Inu (SHIB) Funding Rate

Shiba Inu Funding Rate Overview

The Shiba Inu (SHIB) perpetual funding rate is a periodic payment exchanged between long and short holders of SHIB perpetual futures contracts, designed to keep the perpetual price anchored to the underlying spot price. When SHIB funding is positive, longs pay shorts — signalling bullish leveraged crowding. When negative, shorts pay longs — often during a capitulation or heavy hedging flow. Sharpe aggregates SHIB funding rates from 13 exchanges with each exchange's rate normalized to annualized APR (APR = rate × 8,760 / interval_hours) so you can directly compare 1-hour rates from Hyperliquid against 8-hour rates from Binance, Bybit, and OKX.

About Shiba Inu Perpetual Funding

Shiba Inu (SHIB) perpetual futures see $100M to $300M OI on Binance, Bybit, OKX, and Bitget. SHIB funding profile sits between mainstream DOGE and high-beta PEPE — SHIB has more holders than PEPE (~1.3M wallets) but less mainstream recognition than DOGE. Baseline SHIB funding runs 0.005% to 0.02% per 8h. SHIB's Shibarium L2 launch (Aug 2023) and BONE/LEASH token ecosystem add unique funding event windows vs. pure memes. SHIB's quarterly SHIB burn events produce predictable short-cover rallies. Retail concentration in India, Southeast Asia, and Korea means Asian-session funding activity dominates. SHIB correlation with DOGE is high (>0.75) — SHIB funding often trails DOGE by 24-48 hours.

How to Read the SHIB Funding Rate

SHIB funding is lagged DOGE beta. When DOGE funding spikes, SHIB follows typically within 48 hours with 1.5-2x beta amplification. Shibarium TVL growth and bone burn rate are leading indicators for sustained SHIB funding rallies vs. speculative spikes. Bitget and Bybit SHIB funding run higher than Binance during retail euphoria. Quarterly SHIB burn announcements produce 5-10 day funding rallies that mean-revert ~50%. SHIB's massive circulating supply (~589T) creates low unit bias that attracts new retail — this structural feature means SHIB funding rarely stays deeply negative. Negative funding below -0.02% has marked SHIB accumulation zones consistently since 2022.

SHIB Funding Rate Signals

Use the SHIB funding rate as three separate signals. First, as a sentiment indicator: persistent 8-hour rates above 0.03% (~33% APR) often precede Shiba Inu corrections as leveraged longs crowd. Second, as a carry opportunity: hold long spot + short perp to collect the funding payment while staying delta-neutral — use Sharpe's arbitrage calculator to size the trade. Third, as a cross-exchange divergence signal: when Binance SHIB funding diverges meaningfully from OKX or Hyperliquid, the positioning asymmetry often precedes a volatility expansion. Sharpe's funding rate terminal and leaderboard surface these divergences automatically.

Frequently Asked Questions

What is the current Shiba Inu funding rate?

As of 2026-05-07 01:57 UTC, Shiba Inu (SHIB) is funding at 0.0100% on OKX (8-hour interval, 0.11% annualized). Sharpe tracks 9 venues for SHIB — the highest SHIB APR right now is 0.11% on OKX, the lowest is -0.04% on Bitget. Open the table on this page for the full live cross-exchange comparison.

Which exchanges have the highest Shiba Inu funding rate?

As of 2026-05-07 01:57 UTC, the top three SHIB funding venues by annualized APR are: OKX at 0.11%, MEXC at 0.11%, BitMEX at 0.11%. The bottom three (best for paying-side carry) are: Bitget at -0.04%, CoinEx at 0.00%, KuCoin at 0.02%. Rankings rotate each settlement window — Sharpe's leaderboard sorts all 5,000+ perpetual pairs across 13 tracked exchanges by current rate or annualized APR.

How is the Shiba Inu funding rate calculated?

Exchange-calculated funding rates combine three inputs: the premium index (SHIB perpetual price minus the spot reference index), the interest rate component (typically fixed at 0.01% per 8 hours), and a clamp function that caps the final rate at ±0.375% on most exchanges. The formula is: funding = clamp(premium_index + interest_rate, ±cap). Different exchanges use slightly different index sources, which explains the cross-venue rate differences.

What is the annualized APR on Shiba Inu funding?

APR = rate × (8,760 / interval_hours). For 8-hour funding (Binance, Bybit, OKX), a 0.01% rate annualizes to 10.95% APR. For 1-hour funding (Hyperliquid), the same 0.01% rate annualizes to 87.6% APR. Sharpe's table auto-normalizes every SHIB funding rate to APR so you can rank yields across exchanges without manual conversion.

Does Shiba Inu funding rate arbitrage work?

Yes, when rates are high enough to overcome trading fees and execution slippage. The classic trade is long spot SHIB + short SHIB perp on the same exchange — you earn the funding rate each settlement while staying delta-neutral. Historical BTC and ETH funding rate arbitrage has yielded 10–40% annualized in bull markets. Use Sharpe's arbitrage calculator to size the trade with realistic fee and holding assumptions before execution.

Where does Sharpe get Shiba Inu funding rate data?

Sharpe fetches SHIB funding rates via direct REST API calls to each of the 13 supported exchanges — no third-party aggregator dependency. Rates update on each exchange's settlement schedule (every 1 hour for Hyperliquid and dYdX v4, every 8 hours for Binance, Bybit, OKX, and most others). Historical data is stored for trend analysis and accumulated-carry calculations.