Funding arb · Price arb /

SHIB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.021%

Price spread now: Extended against BingX−0.068%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

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

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.068% cheaper against BingX than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.1 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.072% in total) that is about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000SHIB-USDT	0.000005937	−0.0004	get 0.0004% / 8h	2h 49m	—	$2.1M	—
Short	Extended 1000SHIB-USD	0.000005933	0.0104	get 0.0013% / 1h	49m 07s	$53K	$4K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.068%Rate

Funding earned: $22.68
Price spread: −0.068% → 0.000%: −$6.77
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $0.91
Costs to cover: 0.150%
Break-even: 6.7 days

Slippage unknown: BingX: live order book, 14 min ago; Extended: 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 BingX live order book, 14 min ago	2.51 bp	8.4 bp −$8	14.9 bp −$149	59.5 bp −$5,951	135.6 bp −$67.8K
Sell Extended no order-book sample	—	—	—	—	—

Extended: 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
BingX 1000SHIB-USDTlong	−0.0004%	8h	0.000005937	long leg	—	$2.1M	—
Kalshi KXKSHIBPERP	0.0000%	8h	0.000005930	−0.113%	$50K	$1.6M	2x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	0.0000%	1h	0.000005938	+0.017%	$42K	$61K	25x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S −0.0001%	1h	0.000005936	−0.008%	$722	—	150x	as long as short
Coinbase International 1000SHIB-PERP-INTX	+0.0016%	1h	0.000005933	−0.067%	$89K	$753K	50x	as long as short
Kraken Futures PF_SHIBUSD	+0.0056%	1h	0.000005938	+0.009%	$1.1M	$759K	50x	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000005937	0.000%	$151K	$284K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000005942	+0.084%	$35K	$179K	50x	as long as short
Pacifica kSHIB	+0.0100%	1h	0.000005939	+0.034%	$11K	$4K	10x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000005937	0.000%	$28.9M	$87.9M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000005933	−0.067%	$7.6M	$27.8M	50x	as long as short
Gate SHIB_USDT	+0.0100%	8h	0.000005933	−0.067%	$6.7M	$5.4M	75x	as long as short
MEXC SHIB_USDT	+0.0100%	8h	0.000005936	−0.017%	$31.8M	$15.5M	300x	as long as short
KuCoin SHIBUSDTM	+0.0100%	8h	0.000005935	−0.034%	$5.0M	$2.3M	75x	as long as short
Bitget SHIBUSDT	+0.0100%	8h	0.000005937	0.000%	$11.6M	$12.5M	75x	as long as short
Backpack kSHIB_USDC_PERP	+0.0100%	1h	0.000005935	−0.034%	$25K	$5K	15x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000005938	+0.017%	$6K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000005944	+0.118%	$2K	$23K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000005936	−0.017%	$538	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000005941	+0.067%	$400K	$623K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000005940	+0.051%	$2.1M	$5.3M	50x	as long as short
Paradex kSHIB-USD-PERP	+0.0100%	8h	0.000005938	+0.013%	$7K	—	20x	as long as short
Extended 1000SHIB-USDshort	+0.0104%	1h	0.000005933	−0.068%	$53K	$4K	25x
Injective SHIB/USDC PERP	+0.0187%	1h	0.000005964	+0.455%	$245	$67K	5.5x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000005000	−15.782%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000005933	−0.067%	$711K	$1.0M	50x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000005933	−0.073%	$1	—	20x	as long as short
Hyperliquid kSHIB	+0.0585%	1h	0.000005943	+0.101%	$4.3M	$3.7M	10x	as long as short
dYdX SHIB-USD	+0.9297%	1h	0.000005942	+0.084%	$23K	$64K	10x	as long as short