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−0.0104%/8h= −11.4% APRnext payment $0.13 per $10,000 · paid last 24h −0.013%
Price spread now: Deribit against Extended+0.095%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+0.010%+$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. Deribit is 0.095% dearer against Extended than usual: you sell high and buy low (spread +0.095% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended 1000SHIB-USD0.0000061050.0104pay 0.0013% / 1h13m 49s$54K$4K25x
ShortDeribit 1000SHIB_USDC-PERPETUAL0.0000061110get 0.0000% / 1h13m 49s$47K$65K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Extended. 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
−$21.84
Price spread: +0.095% → 0.000%
$9.55
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$24.29
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; Deribit: 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 Extended no order-book sample
Sell Deribit no order-book sample
Extended and Deribit: 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%1h0.000006105−0.003%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006106+0.009%$208K$2.3M2xas long as short
Deribit 1000SHIB_USDC-PERPETUALshort0.0000%1h0.000006111+0.095%$47K$65K25x
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006109+0.058%$743150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040−1.067%$248$134K5.5xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0064%1h0.000006110+0.079%$85K$860K50xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000006108+0.046%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006115+0.161%$241K$469K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006110+0.081%$37K$179K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006106+0.014%$12K$4K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000SHIBUSDT+0.0100%8h0.000006107+0.024%$30.0M$98.9M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006111+0.095%$9.3M$35.3M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006102−0.052%$7.1M$5.7M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006105−0.003%$31.6M$16.9M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006105−0.003%$4.9M$2.6M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006105−0.003%$11.5M$14.0M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006110+0.079%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006123+0.292%$2K$24K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006110+0.079%$526$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006107+0.030%$420K$599K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006110+0.079%$2.2M$6.3M50xas long as short
Extended 1000SHIB-USDlong+0.0104%1h0.000006105long leg$54K$4K25x
Paradex kSHIB-USD-PERP+0.0124%8h0.000006107+0.037%$7K$1320xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−1.723%$1K100xas long as short
Backpack kSHIB_USDC_PERP+0.0214%1h0.000006112+0.112%$23K$7K15xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006108+0.046%$871K$943K50xas long as short
Kraken Futures PF_SHIBUSD+0.0257%1h0.000006114+0.138%$1.2M$827K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006107+0.031%$120xas long as short
Hyperliquid kSHIB+0.0731%1h0.000006120+0.243%$4.4M$4.0M10xas long as short