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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.028%
Price spread now: HTX against gTrade (Gains Network)+0.042%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 4 days (all we have)no history yet
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 +$3 a day on $10k at the current rate, and HTX is 0.042% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) SHIB/USD0.000005921L +0.0006% / S 0.0000%pay 0.0001% / 1h30m 47s$559150x
ShortHTX SHIB-USDT0.0000059230.0100get 0.0100% / 8h7h 30m$409K$566K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$19.68
Price spread: +0.042% → 0.000%
$4.22
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
$1.9
Costs to cover
0.220%
Break-even
6.3 days
Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 3 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 HTX live order book, 3 min ago2.52 bp29.0 bp −$2995.7 bp −$957doesn't fitdoesn'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
BingX 1000SHIB-USDT−0.0101%8h0.000005905−0.262%$2.3Mas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0024%1h0.000005980+1.005%$129K$1.7M50xas long as short
Gate SHIB_USDT−0.0014%8h0.000005903−0.296%$6.9M$7.0M75xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005925+0.081%$144K$3.2M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000005918−0.042%$49K$55K25xas long as short
gTrade (Gains Network) SHIB/USDlongL +0.0006% / S 0.0000%1h0.000005921long leg$559150x
Injective SHIB/USDC PERP+0.0033%1h0.000006040+2.018%$248$134K5.5xas long as short
Lighter 1000SHIB+0.0096%1h0.000005909−0.194%$154K$642K10xas long as short
Hyperliquid kSHIB+0.0100%1h0.000005915−0.093%$3.6M$5.5M10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000005909−0.192%$40K$298K50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica kSHIB+0.0100%1h0.000005930+0.160%$12K$6K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000005910−0.184%$30.1M$128.7M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000005905−0.262%$8.8M$44.5M50xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005905−0.262%$28.1M$20.1M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000005906−0.245%$4.7M$3.2M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000005906−0.245%$11.2M$17.3M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005919−0.025%$23K$9K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000005924+0.059%$6K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000005931+0.177%$2K$27K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000005919−0.025%$502$5K10xas long as short
HTX SHIB-USDTshort+0.0100%8h0.000005923+0.042%$409K$566K75x
Kraken Futures PF_SHIBUSD+0.0101%1h0.000005918−0.049%$1.1M$1.0M50xas long as short
Paradex kSHIB-USD-PERP+0.0101%8h0.000005931+0.172%$7K$1320xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000005903−0.288%$52K$4K25xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0212% / S −0.2404%1h0.000005000−15.548%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000005921+0.008%$846K$922K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005920−0.012%$120xas long as short
Phemex u1000SHIBUSDT+0.0324%8h0.000005924+0.059%$2.1M$7.7M50xas long as short
dYdX SHIB-USD+1.0856%1h0.000005929+0.144%$23K$82K10xas long as short