Funding arb · Price arb /

SHIB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0223%/8h= +24.4% APRpaid last 24h +0.067%

Price spread now: Reya against Aster−0.073%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.073% cheaper against Aster than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 26 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster 1000SHIBUSDT	0.000006041	0.0100	pay 0.0100% / 8h	1h 59m	$41K	$336K	50x
Short	Reya kSHIBRUSDPERP	0.000006036	0.0323	get 0.0040% / 1h	59m 12s	$1	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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

Position, each leg$Hold fordaysFee AsterbpFee ReyabpOrdersPrice spread, now −0.073%Rate

Funding earned: $46.75
Price spread: −0.073% → 0.000%: −$7.32
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $25.43
Costs to cover: 0.140%
Break-even: 3.2 days

Slippage unknown: Aster: live order book, 48 min ago; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 48 min ago	5.85 bp	18.4 bp −$18	136.8 bp −$1,368	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SHIBUSD	−0.0372%	1h	0.000006040	−0.008%	$1.1M	$1.0M	50x	as long as short
Coinbase International 1000SHIB-PERP-INTX	−0.0088%	1h	0.000006050	+0.150%	$123K	$1.6M	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000006051	+0.164%	$24K	$56K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006048	+0.112%	$115K	$3.2M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000006042	+0.018%	$47K	$65K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006040	−0.022%	$570	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	−0.015%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDT	+0.0058%	8h	0.000006047	+0.101%	—	$2.3M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006046	+0.084%	$156K	$639K	10x	as long as short
Hyperliquid kSHIB	+0.0100%	1h	0.000006046	+0.084%	$3.6M	$5.3M	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster 1000SHIBUSDTlong	+0.0100%	8h	0.000006041	long leg	$41K	$336K	50x
Pacifica kSHIB	+0.0100%	1h	0.000006050	+0.150%	$12K	$5K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006043	+0.034%	$30.3M	$125.9M	75x	as long as short
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006046	+0.084%	$9.2M	$43.4M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000006037	−0.065%	$7.1M	$7.3M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000006040	−0.015%	$28.5M	$19.4M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000006041	+0.001%	$4.7M	$3.2M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000006049	+0.134%	$11.5M	$17.2M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000006046	+0.084%	$23K	$7K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006044	+0.051%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006056	+0.250%	$2K	$27K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006044	+0.051%	$506	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006043	+0.035%	$412K	$573K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006040	−0.015%	$2.1M	$7.5M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0101%	8h	0.000006052	+0.182%	$7K	$13	20x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006040	−0.019%	$53K	$4K	25x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0212% / S −0.2404%	1h	0.000006000	−0.677%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006040	−0.015%	$864K	$934K	50x	as long as short
Reya kSHIBRUSDPERPshort	+0.0323%	1h	0.000006036	−0.073%	$1	—	20x