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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Pacifica against Bitget+0.100%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 6 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: 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: Pacifica is 0.100% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SHIBUSDT0.0000060210.0100pay 0.0100% / 8h1h 08m$11.4M$17.2M75x
ShortPacifica kSHIB0.0000060270.0100get 0.0013% / 1h8m 01s$12K$5K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
Price spread: +0.100% → 0.000%
$9.97
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$10.03
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 1 min ago; Pacifica: 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, 1 min ago1.66 bp10.8 bp −$1120.3 bp −$20343.5 bp −$4,352doesn't fit
Sell Pacifica no order-book sample
Pacifica: 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
Kraken Futures PF_SHIBUSD−0.0373%1h0.000006021+0.008%$1.2M$1.0M50xas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0088%1h0.000006016−0.083%$117K$1.6M50xas long as short
dYdX SHIB-USD0.0000%1h0.000006027+0.096%$24K$56K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006023+0.040%$106K$3.3M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006024+0.050%$47K$62K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000006022+0.015%$568150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.316%$248$134K5.5xas long as short
BingX 1000SHIB-USDC+0.0070%8h0.000006019−0.033%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006026+0.083%$157K$641K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006021−0.001%$41K$336K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kSHIBshort+0.0100%1h0.000006027+0.100%$12K$5K10x
Binance 1000SHIBUSDT+0.0100%8h0.000006021−0.001%$30.2M$127.2M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.0000060210.000%$9.2M$43.3M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006019−0.033%$7.1M$7.4M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006019−0.033%$28.2M$19.8M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006020−0.017%$4.7M$3.2M75xas long as short
Bitget SHIBUSDTlong+0.0100%8h0.000006021long leg$11.4M$17.2M75x
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006022+0.017%$23K$8K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006024+0.050%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006031+0.166%$2K$27K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006022+0.017%$522$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006022+0.017%$410K$575K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006023+0.033%$2.1M$7.6M50xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006019−0.032%$53K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0106%8h0.000006025+0.060%$7K$1320xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000006000−0.349%$1K100xas long as short
Hyperliquid kSHIB+0.0219%1h0.000006028+0.116%$3.6M$5.4M10xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006029+0.133%$865K$937K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006021+0.008%$120xas long as short