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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.827%
Price spread now: dYdX against Aster−0.055%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+1.407%+$141 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.055% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.407%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster 1000SHIBUSDT0.0000060340.0100pay 0.0100% / 8h6h 05m$92K$306K50x
ShortdYdX SHIB-USD0.0000060310get 0.0000% / 1h5m 15s$23K$64K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$21
Price spread: −0.055% → 0.000%
−$5.46
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$44.46
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 61 min ago; dYdX: no order-book sample. Net counts fees only.

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, 61 min ago7.40 bp15.2 bp −$15120.9 bp −$1,209doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SHIB on 28 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-USDshort0.0000%1h0.000006031−0.055%$23K$64K10x
Kalshi KXKSHIBPERP0.0000%8h0.000006030−0.066%$194K$2.3M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006030−0.068%$734150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.098%$248$134K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0072%1h0.000006021−0.217%$135K$1.1M50xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000006027−0.117%$1.6Mas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0082%1h0.000006033−0.018%$46K$64K25xas long as short
Lighter 1000SHIB+0.0096%1h0.000006030−0.068%$163K$610K10xas long as short
Hyperliquid kSHIB+0.0100%1h0.000006031−0.051%$3.6M$4.7M10xas long as short
Aster 1000SHIBUSDTlong+0.0100%8h0.000006034long leg$92K$306K50x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000SHIBUSDT+0.0100%8h0.000006029−0.077%$29.5M$101.6M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006028−0.101%$9.3M$36.2M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006027−0.117%$7.0M$5.7M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006031−0.051%$30.2M$17.7M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006029−0.084%$4.9M$2.7M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006025−0.151%$11.3M$14.2M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006028−0.101%$23K$7K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006031−0.051%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006039+0.081%$2K$24K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006032−0.035%$516$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006026−0.134%$412K$583K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006031−0.051%$2.1M$6.7M50xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006029−0.087%$53K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0114%8h0.000006028−0.093%$7K$1320xas long as short
Pacifica kSHIB+0.0183%1h0.000006031−0.051%$12K$4K10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−0.565%$1K100xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006030−0.060%$120xas long as short
Kraken Futures PF_SHIBUSD+0.0756%1h0.000006025−0.150%$1.1M$880K50xas long as short