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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h −0.847%
Price spread now: BingX against dYdX+0.033%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 7 days−1.558%−$156 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.033% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −1.558%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX SHIB-USD0.0000061100get 0.0000% / 1h53m 39s$23K$64K10x
ShortBingX 1000SHIB-USDT0.0000061120.0080get 0.0080% / 8h53m 39s$2.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against dYdX. 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
$16.8
Price spread: +0.033% → 0.000%
$3.27
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
$0.07
Costs to cover
0.200%
Break-even
7.0 days
Slippage unknown: dYdX: no order-book sample; BingX: live order book, 4 min ago. 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 dYdX no order-book sample
Sell BingX live order book, 4 min ago1.64 bp8.6 bp −$914.6 bp −$14653.3 bp −$5,328130.9 bp −$65.5K
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-USDlong0.0000%1h0.000006110long leg$23K$64K10x
Kalshi KXKSHIBPERP0.0000%8h0.000006114+0.069%$73K$1.9M2xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006115+0.080%$744150xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0032%1h0.000006113+0.049%$81K$792K50xas long as short
BingX 1000SHIB-USDTshort+0.0080%8h0.000006112+0.033%$2.1M
Lighter 1000SHIB+0.0096%1h0.000006109−0.016%$154K$290K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006110+0.008%$36K$175K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006111+0.016%$12K$4K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006113+0.042%$30.1M$94.3M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006113+0.049%$8.8M$32.5M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate SHIB_USDT+0.0100%8h0.000006109−0.016%$7.0M$5.6M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.0000061100.000%$30.7M$16.2M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006108−0.033%$5.0M$2.5M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.0000061100.000%$11.6M$13.2M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006118+0.131%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006129+0.311%$2K$23K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006117+0.115%$546$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006116+0.098%$417K$613K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.0000061100.000%$2.1M$5.9M50xas long as short
Paradex kSHIB-USD-PERP+0.0103%8h0.000006110−0.003%$7K20xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006110+0.006%$54K$4K25xas long as short
Injective SHIB/USDC PERP+0.0161%1h0.000006040−1.146%$248$134K5.5xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−1.800%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.0000061100.000%$819K$955K50xas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0241%1h0.000006119+0.147%$47K$65K25xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006113+0.057%$120xas long as short
Kraken Futures PF_SHIBUSD+0.0377%1h0.000006120+0.162%$1.2M$801K50xas long as short
Backpack kSHIB_USDC_PERP+0.0441%1h0.000006120+0.164%$25K$6K15xas long as short
Hyperliquid kSHIB+0.0747%1h0.000006119+0.147%$4.4M$4.0M10xas long as short