Shiba Inu
Real-time SHIB perpetual funding rates across 13 major exchanges — Binance, Bybit, OKX, Deribit, Hyperliquid, Gate.io, Bitget, KuCoin, MEXC, HTX, BingX, CoinEx, and BitMEX.
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.
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.
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.
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.