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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h +0.791%
Price spread now: dYdX against BloFin+0.594%92s7-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 7 days+1.197%+$120 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. dYdX is 0.594% dearer against BloFin than usual: you sell high and buy low (spread +0.594% now, against zero (this spread has no 7-day history yet)): +$59 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9.0 days. Mind the row above: over the last 7 days funding on this pair paid +1.197%, so the current rate has only just turned against you. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin SHIB-USDT0.0000060630.0220pay 0.0220% / 8h7h 37m$812K$940K50x
ShortdYdX SHIB-USD0.0000060990get 0.0000% / 1h37m 44s$23K$64K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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
−$46.2
Price spread: +0.594% → 0.000%
$59.42
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$8.78
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: BloFin: live order book, 49 min ago; dYdX: 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 BloFin live order book, 49 min ago1.66 bp9.3 bp −$918.0 bp −$180doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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-USDshort0.0000%1h0.000006099+0.594%$23K$64K10x
Kalshi KXKSHIBPERP0.0000%8h0.000006091+0.462%$103K$2.0M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006084+0.353%$740150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040−0.379%$248$134K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0064%1h0.000006085+0.363%$77K$811K50xas long as short
BingX 1000SHIB-USDT+0.0070%8h0.000006103+0.660%$2.1Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006098+0.577%$219K$437K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006090+0.442%$37K$180K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006098+0.577%$12K$4K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006102+0.643%$29.7M$97.6M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000006106+0.709%$9.3M$34.4M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006100+0.610%$7.1M$5.5M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006100+0.610%$31.6M$16.8M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006094+0.511%$5.0M$2.6M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006107+0.726%$11.6M$13.7M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006089+0.429%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006098+0.577%$2K$24K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006089+0.429%$562$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006088+0.412%$416K$594K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006082+0.313%$2.2M$6.3M50xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006105+0.688%$54K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0113%8h0.000006102+0.649%$7K20xas long as short
Backpack kSHIB_USDC_PERP+0.0197%1h0.000006089+0.429%$25K$6K15xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−1.039%$1K100xas long as short
BloFin SHIB-USDTlong+0.0220%8h0.000006063long leg$812K$940K50x
Deribit 1000SHIB_USDC-PERPETUAL+0.0243%1h0.000006090+0.445%$47K$65K25xas long as short
Kraken Futures PF_SHIBUSD+0.0258%1h0.000006090+0.453%$1.2M$821K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006088+0.414%$120xas long as short
Hyperliquid kSHIB+0.0668%1h0.000006099+0.594%$4.4M$4.0M10xas long as short