KSHIB Funding Rate — live across 2 venues

Perpetual funding · compared across 2 venues · net of estimated fees · updated every few minutes

Live annualized KSHIB perpetual funding across all 2 venues Perpia tracks. Right now KSHIB funding is positive on 2 and negative on 0, ranging from +35.7% on BackPack to +10.9% on Pacifica — a spread of 24.7%. The widest delta-neutral trade is long Pacifica / short BackPack at 17.9% net APR.

2venues

2paying positive

24.7%funding spread

Best KSHIB spread now

17.9%

net APR after fees

LongPacifica↗→ShortBackPack↗

size depends on live venue depth — see the real cap in the scanner

KSHIB funding trend & liquidity

167h of history

24.7%current gross APR

43.0%24h average

17.3%7-day average

$18Kpair OI · lower leg

$17524h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

KSHIB · Pacifica → BackPack — no history

Loading KSHIB rate history…

Build a route

any two of the 2 venues

Long (pays you)every 1hShort (you collect)every 1h

Gross spread+24.7%+$6.77 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 2 venues

Venue	Funding APR ↓	Interval	Use as
BackPack↗short	+35.7%	every 1h
Pacifica↗long	+10.9%	every 1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Pacifica vs BackPack page. 1 pairs scanned for KSHIB.

KSHIB arbitrage — 30-day backtest

long Pacifica · short BackPack

9.6%backtested APR

+$79historical net P&L on $10,000

0.06%max drawdown

$10,000$10,079

30 days agostarting capital $10,000today

Over the last 30 days, holding long Pacifica / short BackPack would have produced 9.6% APR — versus the 17.9% the live spread implies right now (equity $10,000 → $10,079). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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KSHIB — FAQ

Is KSHIB funding positive right now?

KSHIB perpetual funding is positive on 2 of 2 venues Perpia tracks. The highest is +35.7% on BackPack; the lowest is +10.9% on Pacifica.

What is the best KSHIB funding arbitrage right now?

Go long Pacifica and short BackPack for about 17.9% net APR after fees — the widest delta-neutral KSHIB spread Perpia currently sees.

Which exchange has the highest KSHIB funding rate?

BackPack, at +35.7% annualized. Funding shifts continuously, so check the live table above before trading.

How KSHIB funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to KSHIB

also quoted on both BackPack and Pacifica

The same two exchanges you would already have funded for the KSHIB trade. Every spread between them is on the BackPack vs Pacifica page.

Open the live scanner →All funding rates Funding by exchange How we calculate this