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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: HTX against Extended+0.115%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+0.118%+$12 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.115% dearer against Extended than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended 1000SHIB-USD0.0000059960.0104pay 0.0013% / 1h53m 49s$53K$4K25x
ShortHTX SHIB-USDT0.0000060030.0100get 0.0100% / 8h2h 53m$409K$603K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$0.84
Price spread: +0.115% → 0.000%
$11.46
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$6.38
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; HTX: live order book, 60 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 Extended no order-book sample
Sell HTX live order book, 60 min ago2.41 bp27.1 bp −$27104.6 bp −$1,046doesn't fitdoesn't fit
Extended: 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
Kraken Futures PF_SHIBUSD−0.0594%1h0.000005997+0.006%$1.1M$1.0M50xas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0128%1h0.000006051+0.915%$118K$1.6M50xas long as short
dYdX SHIB-USD0.0000%1h0.000005996−0.003%$23K$57K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005994−0.032%$111K$3.1M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000005997+0.014%$47K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000005997+0.013%$566150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.732%$248$134K5.5xas long as short
BingX 1000SHIB-USDC+0.0070%8h0.000006000+0.065%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000005996−0.002%$158K$630K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005998+0.034%$41K$336K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kSHIB+0.0100%1h0.000005999+0.048%$12K$5K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006003+0.116%$30.3M$121.8M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000006002+0.098%$9.5M$41.5M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000005997+0.014%$7.1M$7.1M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005998+0.031%$28.8M$19.1M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000005996−0.002%$4.6M$3.1M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006004+0.131%$11.3M$16.9M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005996−0.002%$23K$7K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000005999+0.048%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006007+0.181%$2K$26K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000005998+0.031%$496$5K10xas long as short
HTX SHIB-USDTshort+0.0100%8h0.000006003+0.115%$409K$603K75x
Phemex u1000SHIBUSDT+0.0100%8h0.000005994−0.036%$2.1M$7.3M50xas long as short
Paradex kSHIB-USD-PERP+0.0101%8h0.000006006+0.164%$7K$1320xas long as short
Extended 1000SHIB-USDlong+0.0104%1h0.000005996long leg$53K$4K25x
Hyperliquid kSHIB+0.0198%1h0.000006009+0.215%$3.6M$5.3M10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000005000−16.613%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006000+0.065%$923K$918K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005995−0.014%$120xas long as short