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−0.0143%/8h= −15.6% APRnext payment $0.18 per $10,000 · paid last 24h +0.012%
Price spread now: SoDEX against Deribit−0.016%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 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: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit 1000SHIB_USDC-PERPETUAL0.0000060900.0243pay 0.0030% / 1h37m 41s$47K$65K25x
ShortSoDEX 1000SHIB-USD0.0000060890.0100get 0.0013% / 1h37m 41s$562$5K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Deribit. 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
−$30.01
Price spread: −0.016% → 0.000%
−$1.64
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$46.65
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample
Sell SoDEX no order-book sample
Deribit and 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%1h0.000006099+0.148%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006091+0.016%$103K$2.0M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006084−0.092%$740150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040−0.821%$248$134K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0064%1h0.000006085−0.082%$77K$811K50xas long as short
BingX 1000SHIB-USDT+0.0070%8h0.000006103+0.213%$2.1Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006098+0.131%$219K$437K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006090−0.003%$37K$180K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006098+0.131%$12K$4K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006102+0.197%$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+0.263%$9.3M$34.4M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006100+0.164%$7.1M$5.5M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006100+0.164%$31.6M$16.8M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006094+0.066%$5.0M$2.6M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006107+0.279%$11.6M$13.7M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006089−0.016%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006098+0.131%$2K$24K20xas long as short
SoDEX 1000SHIB-USDshort+0.0100%1h0.000006089−0.016%$562$5K10x
HTX SHIB-USDT+0.0100%8h0.000006088−0.033%$416K$594K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006082−0.131%$2.2M$6.3M50xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006105+0.242%$54K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0113%8h0.000006102+0.202%$7K20xas long as short
Backpack kSHIB_USDC_PERP+0.0197%1h0.000006089−0.016%$25K$6K15xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−1.478%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006063−0.443%$812K$940K50xas long as short
Deribit 1000SHIB_USDC-PERPETUALlong+0.0243%1h0.000006090long leg$47K$65K25x
Kraken Futures PF_SHIBUSD+0.0258%1h0.000006090+0.008%$1.2M$821K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006088−0.032%$120xas long as short
Hyperliquid kSHIB+0.0668%1h0.000006099+0.148%$4.4M$4.0M10xas long as short