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

SHIB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.827%
Price spread now: dYdX against HTX−0.129%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 7 days+1.368%+$137 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.129% cheaper against HTX than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.368%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SHIB-USDT0.0000060670.0100pay 0.0100% / 8h1h 10m$414K$618K75x
ShortdYdX SHIB-USD0.0000060590get 0.0000% / 1h10m 43s$23K$64K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against HTX. 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
Price spread: −0.129% → 0.000%
−$12.94
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$55.94
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 8 min ago; dYdX: 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 HTX live order book, 8 min ago3.29 bp35.0 bp −$35102.6 bp −$1,026doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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-USDshort0.0000%1h0.000006059−0.129%$23K$64K10x
Kalshi KXKSHIBPERP0.0000%8h0.000006070+0.053%$73K$1.9M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006068+0.016%$46K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006067−0.003%$738150xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0008%1h0.000006070+0.049%$80K$786K50xas long as short
BingX 1000SHIB-USDT+0.0080%8h0.000006057−0.165%$2.1Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006063−0.066%$153K$290K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006063−0.073%$35K$175K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006063−0.066%$11K$4K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006061−0.100%$29.8M$93.9M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000006054−0.214%$8.8M$31.9M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006055−0.198%$6.9M$5.6M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006059−0.132%$30.7M$16.2M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006061−0.099%$4.9M$2.5M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006059−0.132%$11.6M$13.1M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000006065−0.033%$25K$6K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006064−0.049%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006078+0.181%$2K$23K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006066−0.016%$540$5K10xas long as short
HTX SHIB-USDTlong+0.0100%8h0.000006067long leg$414K$618K75x
Phemex u1000SHIBUSDT+0.0100%8h0.000006060−0.115%$2.1M$5.8M50xas long as short
Paradex kSHIB-USD-PERP+0.0103%8h0.000006055−0.190%$7K20xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006053−0.226%$54K$4K25xas long as short
Injective SHIB/USDC PERP+0.0141%1h0.000006040−0.445%$248$134K5.5xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−1.104%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006064−0.049%$816K$948K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006065−0.038%$120xas long as short
Kraken Futures PF_SHIBUSD+0.0357%1h0.000006066−0.017%$1.2M$799K50xas long as short
Hyperliquid kSHIB+0.0792%1h0.000006075+0.132%$4.4M$4.0M10xas long as short