KSHIB Funding Rate — live across 4 venues
Compared across 4 supported venues · net of estimated fees · updated every few minutes
Live annualized KSHIB perpetual funding across all 4 venues Perpia tracks. Right now KSHIB funding is positive on 2 and negative on 2, ranging from +48.7% on BackPack to -9.3% on Hyperliquid — a spread of 58.0%. The widest delta-neutral trade is long Hyperliquid / short BackPack at 52.4% net APR.
KSHIB funding trend & liquidity
168h of historyAverages 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 funding rate by venue
4 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| BackPack | +48.7% | 1h |
| Pacifica | +10.9% | 1h |
| Paradex | -5.6% | 8h |
| Hyperliquid | -9.3% | 1h |
Rates annualized; updated ~every few minutes from live venue data.
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KSHIB funding — FAQ
Is KSHIB funding positive right now?
KSHIB perpetual funding is positive on 2 of 4 venues Perpia tracks and negative on 2. The highest is +48.7% on BackPack; the lowest is -9.3% on Hyperliquid.
What is the best KSHIB funding arbitrage right now?
Go long Hyperliquid and short BackPack for about 52.4% net APR after fees — the widest delta-neutral KSHIB spread Perpia currently sees.
Which exchange has the highest KSHIB funding rate?
BackPack, at +48.7% 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.