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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.020%
Price spread now: SoDEX against BingX0.000%7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 1000SHIB-USDT0.0000060480.0080pay 0.0080% / 8h1m 32s$2.1M
ShortSoDEX 1000SHIB-USD0.0000060480.0100get 0.0013% / 1h1m 32s$542$5K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against BingX. 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
$4.2
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$13.8
Costs to cover
0.180%
Break-even
30.0 days
Slippage unknown: BingX: live order book, 6 min ago; SoDEX: 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 BingX live order book, 6 min ago1.67 bp7.9 bp −$814.5 bp −$14559.9 bp −$5,994136.1 bp −$68.0K
Sell SoDEX no order-book sample
SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX SHIB-USD0.0000%1h0.000006047−0.014%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006046−0.033%$87K$1.9M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006045−0.058%$735150xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0032%1h0.000006043−0.083%$77K$801K50xas long as short
BingX 1000SHIB-USDTlong+0.0080%8h0.000006048long leg$2.1M
Lighter 1000SHIB+0.0096%1h0.0000060480.000%$172K$331K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006043−0.077%$35K$173K50xas long as short
Pacifica kSHIB+0.0100%1h0.0000060480.000%$12K$4K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006049+0.018%$29.5M$96.5M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.0000060480.000%$8.7M$33.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate SHIB_USDT+0.0100%8h0.000006043−0.083%$6.9M$5.7M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006049+0.017%$31.4M$16.8M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006046−0.033%$4.9M$2.6M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006049+0.017%$11.5M$13.5M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006050+0.033%$25K$6K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.0000060480.000%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006054+0.099%$2K$24K20xas long as short
SoDEX 1000SHIB-USDshort+0.0100%1h0.0000060480.000%$542$5K10x
HTX SHIB-USDT+0.0100%8h0.000006040−0.132%$413K$617K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006040−0.132%$2.1M$6.1M50xas long as short
Paradex kSHIB-USD-PERP+0.0102%8h0.000006049+0.012%$7K20xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006044−0.061%$54K$4K25xas long as short
Injective SHIB/USDC PERP+0.0161%1h0.000006040−0.132%$248$134K5.5xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−0.794%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006039−0.149%$802K$943K50xas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0246%1h0.0000060480.000%$46K$65K25xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006048−0.006%$120xas long as short
Kraken Futures PF_SHIBUSD+0.0381%1h0.000006046−0.032%$1.1M$820K50xas long as short
Hyperliquid kSHIB+0.0610%1h0.000006059+0.182%$4.4M$4.0M10xas long as short