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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.022%
Price spread now: Pacifica against Coinbase International−0.034%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 5 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 pays, the price is against you. Pacifica is 0.034% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 32 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International 1000SHIB-PERP-INTX0.0000059330.0016pay 0.0002% / 1h53m 00s$89K$753K50x
ShortPacifica kSHIB0.0000059310.0100get 0.0013% / 1h53m 00s$11K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Coinbase International. 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
$17.64
Price spread: −0.034% → 0.000%
−$3.37
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$3.73
Costs to cover
0.180%
Break-even
8.5 days
Slippage unknown: Coinbase International: live order book, 35 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 Coinbase International live order book, 35 min ago6.69 bp13.3 bp −$1320.9 bp −$209doesn't fitdoesn'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
BingX 1000SHIB-USDT−0.0006%8h0.000005930−0.051%$2.1Mas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005933−0.008%$50K$1.6M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000005940+0.118%$42K$61K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000005938+0.093%$722150xas long as short
Coinbase International 1000SHIB-PERP-INTXlong+0.0016%1h0.000005933long leg$89K$753K50x
Kraken Futures PF_SHIBUSD+0.0056%1h0.000005938+0.087%$1.1M$759K50xas long as short
Lighter 1000SHIB+0.0096%1h0.000005938+0.084%$151K$284K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005940+0.116%$35K$179K50xas long as short
Pacifica kSHIBshort+0.0100%1h0.000005931−0.034%$11K$4K10x
Binance 1000SHIBUSDT+0.0100%8h0.000005932−0.017%$28.9M$87.8M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000005931−0.034%$7.6M$27.7M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000005934+0.017%$6.7M$5.4M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005929−0.067%$31.8M$15.5M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.0000059330.000%$5.0M$2.3M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000005937+0.067%$11.6M$12.5M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005938+0.084%$25K$5K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000005939+0.101%$6K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000005949+0.270%$2K$23K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000005937+0.067%$538$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000005932−0.017%$399K$623K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000005934+0.017%$2.1M$5.3M50xas long as short
Paradex kSHIB-USD-PERP+0.0100%8h0.000005938+0.089%$7K20xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000005931−0.039%$53K$4K25xas long as short
Injective SHIB/USDC PERP+0.0187%1h0.000005964+0.523%$245$67K5.5xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000005000−15.726%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000005937+0.067%$712K$1.0M50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005940+0.120%$120xas long as short
Hyperliquid kSHIB+0.0583%1h0.000005946+0.219%$4.3M$3.7M10xas long as short
dYdX SHIB-USD+0.8854%1h0.000005931−0.035%$23K$64K10xas long as short