Shiba Inu (SHIB) perpetual futures
SHIB perpetual contracts on 17 reviewed venues.
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Funding rates
Annualized rates across exchanges
BitgetCEX
Gate.ioCEX
KuCoinCEX
HTXCEX
OKXCEX
MEXCCEXOpen interest
Per-exchange open interest
BitgetOKXKuCoinGate.ioWhat the SHIB data shows
Funding direction differs by venue: longs pay on GMX, Bitget, and 6 more; longs receive on Kraken. The rates run from +19.53% a year on GMX to -24.83% on Kraken.
No venue holds half of the $29.4m in reported SHIB open interest. Bitget has the largest share, 37.0%, and OKX is next with 26.4%.
The SHIB settlement periods differ: 7 venues settle every 8 hours; Kraken settles every hour.
CoinGecko ranked SHIB number 35 by market value on October 3, 2026, at $3.37b. Its price fell 3.3% in the 7 days before that date. The open interest in this read equals 0.9% of that value.
Kraken quoted SHIB at $0.000006 and HTX at $0.000006, a gap of 11.6 bps.
- Source: public APIs of 9 venues for SHIB, read at October 3, 2026, 01:12 UTC.
- Market value: CoinGecko snapshot of October 3, 2026.
Where to Trade Shiba Inu (SHIB) Perpetual Futures
Fees and leverage limits apply venue-wide; confirm SHIB limits with the venue.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | SHIB | |
| 0.010% | 0.050% | 50x | 9.0 | SHIB | |
| 0.04% or 0.06% position fee | 100x | 8.5 | SHIB | ||
| 0.035% position fee | 1000x | 8.0 | SHIB | ||
| 0.010% | 0.035% | 50x | 8.0 | SHIB | |
| 0.020% | 0.050% | 100x | 8.0 | SHIB | |
| 0.010% | 0.020% | 100x | 7.8 | SHIB | |
| Free | 0.030% | 50x | 7.8 | SHIB | |
| -0.010% | 0.017% | 1000x | 7.8 | SHIB | |
| 0.050% | 0.080% | 20x | 7.5 | SHIB | |
| Free | 0.040% | 200x | 7.5 | SHIB | |
| 0.040% | 0.045% | 100x | 7.5 | SHIB | |
| Free | 0.000% | 50x | 7.5 | SHIB | |
| 0.01% or 0.045% position fee | 100x | 7.0 | SHIB | ||
| 0.045% or 0.055% position fee | 100x | 7.0 | SHIB | ||
| 0.04% or 0.06% position fee | 100x | 6.5 | SHIB | ||
| 0.020% | 0.050% | 100x | 6.5 | SHIB | |
Shiba Inu (SHIB) market overview
SHIB perps behave similarly to DOGE perps but with higher volatility and a more complex token structure. Shiba Inu launched as a DOGE competitor in 2020 and has since built a broader ecosystem including the ShibaSwap DEX, the Shibarium Layer 2 chain, and a token burn mechanism.
The perp market, however, is driven primarily by the same retail sentiment and social media dynamics that move DOGE.
Venue concentration
SHIB perps trade on Binance, Bybit, OKX, and Hyperliquid. Binance holds the dominant book given its retail user base. DEX depth for SHIB perps is minimal relative to the asset's market cap — SHIB traders are predominantly retail and execute through mobile CEX apps.
Coinalyze's SHIB open interest data shows SHIB OI capable of rapid expansion during social media cycles, with the characteristic spike-and-deflation pattern of high-sentiment memecoins.
The burn mechanism and OI dynamics
Unlike pure memecoins, SHIB has an active burn mechanism where tokens are sent to dead wallets, reducing the total supply. Burn events are tracked publicly and create periodic retail excitement. Burn events move SHIB less than social media cycles do, because a burn removes a small share of the supply.
Shibarium's on-chain activity provides another data point: when Shibarium transaction volumes grow, it signals an engaged ecosystem, which traders read as a positive fundamental signal. DefiLlama's Shibarium chain page tracks TVL. In practice, Shibarium TVL is modest, so this signal carries less weight than the social media and burn dynamics.
Position sizing and risk management
SHIB's 20-40% intraday swing potential during active retail cycles requires the same approach as DOGE: isolated margin, maximum 5x leverage, position sizing under 1-2% of capital. The liquidations tracker shows SHIB liquidation events as clustered and abrupt. Compare cross-venue SHIB fees at the cost comparison tool before opening positions.
Frequently Asked Questions — Shiba Inu (SHIB)
What funding data is available for SHIB?
9 venues report a SHIB funding rate in this read.
An annualized SHIB rate extrapolates one reading and does not predict a return.
What open interest data is available for SHIB?
7 venues report positive SHIB open interest in this read.
The SHIB total leaves out venues outside the read.
Which mapped venue has the lowest recorded SHIB taker fee?
Paradex lists 0.000% and DESK lists 0.017%, the two lowest of 12 mapped SHIB maker/taker schedules.
5 SHIB venues charge a position fee and are not compared.
Category: Memecoin