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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bitget−0.074%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−0.005%−$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.074% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SHIBUSDT0.0000059600.0100pay 0.0100% / 8h2h 58m$11.4M$12.2M75x
ShortExtended 1000SHIB-USD0.0000059560.0104get 0.0013% / 1h58m 19s$53K$4K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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
$0.84
Price spread: −0.074% → 0.000%
−$7.44
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$23.6
Costs to cover
0.170%
Break-even
203.7 days
Slippage unknown: Bitget: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago0.84 bp9.7 bp −$1022.5 bp −$22570.3 bp −$7,035doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXKSHIBPERP0.0000%8h0.000005963+0.044%$55K$1.6M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000005961+0.017%$42K$61K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0007% / S −0.0022%1h0.000005961+0.015%$3K150xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0016%1h0.000005980+0.336%$93K$760K50xas long as short
Kraken Futures PF_SHIBUSD+0.0056%1h0.000005957−0.043%$1.1M$731K50xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000005957−0.050%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000005958−0.034%$151K$284K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005964+0.063%$36K$180K50xas long as short
Pacifica kSHIB+0.0100%1h0.000005967+0.117%$11K$4K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000005959−0.023%$29.2M$87.4M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000005956−0.067%$7.6M$27.8M50xas long as short
Gate SHIB_USDT+0.0100%8h0.0000059600.000%$6.8M$5.3M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005961+0.017%$32.2M$15.4M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000005965+0.084%$5.0M$2.4M75xas long as short
Bitget SHIBUSDTlong+0.0100%8h0.000005960long leg$11.4M$12.2M75x
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005968+0.134%$25K$5K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000005961+0.017%$6K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000005972+0.201%$2K$23K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000005957−0.050%$540$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000005957−0.050%$401K$635K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.0000059600.000%$2.1M$5.3M50xas long as short
Paradex kSHIB-USD-PERP+0.0100%8h0.000005968+0.133%$7K20xas long as short
Extended 1000SHIB-USDshort+0.0104%1h0.000005956−0.074%$53K$4K25x
Injective SHIB/USDC PERP+0.0187%1h0.000005964+0.067%$245$67K5.5xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000005000−16.107%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000005967+0.117%$715K$1.0M50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005961+0.014%$120xas long as short
Hyperliquid kSHIB+0.0564%1h0.000005973+0.218%$4.3M$3.7M10xas long as short
dYdX SHIB-USD+0.4174%1h0.000005965+0.085%$23K$64K10xas long as short