Settings8H · net · $10k
Funding arb · Price arb /

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Aster+0.101%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$570.566% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.074%−$7 on $10k
Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.101%, 7d avg +0.016%
Together, before fees−0.227%+ Points / potential airdropAster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.084% dearer against Aster than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 1000SHIBUSDT0.0000059650.0100pay 0.0100% / 8h6h 55m$36K$181K50x
ShortBinance 1000SHIBUSDT0.0000059710.0100get 0.0100% / 8h6h 55m$29.2M$100.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.101% → +0.016%
$8.45
Slippage, 4 orders
−$38.62
Fee Aster: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$48.17
Costs to cover
0.566%
Break-even
never at this rate
Slippage from Aster: live order book, 11 min ago; Binance: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 11 min ago7.40 bp15.2 bp −$15120.9 bp −$1,209doesn't fitdoesn't fit
Sell Binance live order book, 2 min ago1.66 bp9.4 bp −$920.1 bp −$20168.7 bp −$6,869175.3 bp −$87.7K

SHIB on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SHIB-USD0.0000%1h0.000005969+0.067%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005976+0.191%$202K$2.3M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000005973+0.134%$46K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000005968+0.059%$726150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+1.257%$248$134K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0072%1h0.000005978+0.218%$96K$854K50xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000005968+0.050%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000005967+0.034%$235K$470K10xas long as short
Aster 1000SHIBUSDTlong+0.0100%8h0.000005965long leg$36K$181K50x
Binance 1000SHIBUSDTshort+0.0100%8h0.000005971+0.101%$29.2M$100.0M75x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000005969+0.067%$9.0M$34.8M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000005968+0.050%$6.9M$5.4M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005969+0.067%$30.6M$16.9M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000005966+0.017%$4.9M$2.7M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000005968+0.050%$11.2M$14.1M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005971+0.101%$23K$7K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000005975+0.168%$6K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000005983+0.302%$2K$24K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000005976+0.184%$518$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000005970+0.084%$410K$600K75xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000005968+0.048%$53K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0128%8h0.000005983+0.294%$7K$1320xas long as short
Pacifica kSHIB+0.0183%1h0.000005967+0.034%$12K$4K10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000005000−16.178%$1K100xas long as short
Phemex u1000SHIBUSDT+0.0215%8h0.000005972+0.117%$2.1M$6.5M50xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006010+0.754%$867K$935K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005971+0.102%$120xas long as short
Kraken Futures PF_SHIBUSD+0.0763%1h0.000005973+0.130%$1.1M$828K50xas long as short
Hyperliquid kSHIB+0.0768%1h0.000005974+0.151%$4.3M$4.1M10xas long as short