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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.003%
Price spread now: Paradex against Extended−0.197%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Paradex: 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: Paradex is 0.197% cheaper against Extended than usual: you would sell low and buy high, −$20 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended 1000SHIB-USD0.0000059820.0104pay 0.0013% / 1h54m 48s$53K$4K25x
ShortParadex kSHIB-USD-PERP0.0000059700.0102get 0.0102% / 8h7h 54m$7K$1320x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
−$0.4
Price spread: −0.197% → 0.000%
−$19.69
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$29.09
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; Paradex: 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 Paradex no order-book sample
Extended and Paradex: 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
Coinbase International 1000SHIB-PERP-INTX−0.0024%1h0.000005944−0.636%$128K$1.6M50xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005973−0.155%$126K$3.2M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000005970−0.202%$50K$59K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S 0.0000%1h0.000005969−0.213%$564150xas long as short
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.969%$248$134K5.5xas long as short
BingX 1000SHIB-USDC+0.0070%8h0.000005984+0.032%$1.7Mas long as short
Lighter 1000SHIB+0.0096%1h0.000005982−0.001%$156K$641K10xas long as short
Kraken Futures PF_SHIBUSD+0.0100%1h0.000005972−0.173%$1.2M$1.0M50xas long as short
Hyperliquid kSHIB+0.0100%1h0.000005985+0.049%$3.6M$5.5M10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005979−0.049%$41K$301K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kSHIB+0.0100%1h0.000005980−0.034%$12K$6K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000005982−0.001%$30.4M$128.3M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000005975−0.118%$8.7M$44.6M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000005977−0.085%$7.0M$6.9M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005977−0.085%$28.7M$20.0M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000005980−0.034%$4.7M$3.2M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000005984+0.032%$11.4M$17.3M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005977−0.085%$23K$8K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000005970−0.202%$6K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000005980−0.034%$2K$27K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000005971−0.185%$513$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000005974−0.135%$412K$592K75xas long as short
Paradex kSHIB-USD-PERPshort+0.0102%8h0.000005970−0.197%$7K$1320x
Extended 1000SHIB-USDlong+0.0104%1h0.000005982long leg$53K$4K25x
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000005000−16.417%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000005967−0.252%$835K$930K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005965−0.284%$120xas long as short
Phemex u1000SHIBUSDT+0.0548%8h0.000005980−0.034%$2.1M$7.7M50xas long as short
dYdX SHIB-USD+0.5424%1h0.000005980−0.038%$23K$82K10xas long as short