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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0214%/8h= +23.4% APRpaid last 24h +0.064%
Price spread now: BloFin against gTrade (Gains Network)+0.010%50s7-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 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: +$6 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) SHIB/USD0.000006009L +0.0006% / S 0.0000%pay 0.0001% / 1h37m 58s$567150x
ShortBloFin SHIB-USDT0.0000060100.0220get 0.0220% / 8h37m 58s$864K$936K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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
$44.88
Price spread: +0.010% → 0.000%
$1
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$23.88
Costs to cover
0.220%
Break-even
3.3 days
Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 44 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 gTrade (Gains Network) no order-book sample
Sell BloFin live order book, 44 min ago1.66 bp13.9 bp −$1422.0 bp −$22083.5 bp −$8,346doesn't fit
gTrade (Gains Network): 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−0.0016%1h0.000006001−0.140%$117K$1.5M50xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006015+0.095%$119K$3.2M2xas long as short
gTrade (Gains Network) SHIB/USDlongL +0.0006% / S 0.0000%1h0.000006009long leg$567150x
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.509%$248$134K5.5xas long as short
BingX 1000SHIB-USDT+0.0070%8h0.000006007−0.040%$2.3Mas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0083%1h0.000006013+0.060%$50K$59K25xas long as short
Lighter 1000SHIB+0.0096%1h0.000006012+0.043%$156K$640K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006013+0.064%$41K$314K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006017+0.126%$12K$6K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006011+0.021%$30.4M$127.6M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000006006−0.057%$9.2M$43.3M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006004−0.090%$7.1M$7.3M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006008−0.023%$28.9M$20.1M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006010+0.010%$4.6M$3.2M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006006−0.057%$11.3M$17.1M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006009−0.007%$23K$8K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006013+0.060%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006021+0.193%$2K$27K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006011+0.027%$516$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006011+0.027%$409K$576K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006011+0.027%$2.1M$7.6M50xas long as short
Paradex kSHIB-USD-PERP+0.0104%8h0.000006018+0.146%$7K$1320xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006005−0.075%$53K$4K25xas long as short
Kraken Futures PF_SHIBUSD+0.0200%1h0.000006007−0.048%$1.2M$1.0M50xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000006000−0.156%$1K100xas long as short
BloFin SHIB-USDTshort+0.0220%8h0.000006010+0.010%$864K$936K50x
Hyperliquid kSHIB+0.0268%1h0.000006015+0.093%$3.6M$5.4M10xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006013+0.060%$120xas long as short
dYdX SHIB-USD+0.2382%1h0.000006014+0.074%$36K$70K10xas long as short