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

SHIB

all SHIB markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.029%
Price spread now: gTrade (Gains Network) against HTX−0.080%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 3 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.080% cheaper against HTX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX SHIB-USDT0.0000059830.0100pay 0.0100% / 8h5h 39m$409K$583K75x
ShortgTrade (Gains Network) SHIB/USD0.000005978L +0.0006% / S 0.0000%pay 0.0000% / 1h39m 07s$564150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$21.08
Price spread: −0.080% → 0.000%
−$8.02
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$51.1
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 24 min ago; gTrade (Gains Network): 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, 24 min ago2.49 bp35.1 bp −$35112.6 bp −$1,126doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
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
Kraken Futures PF_SHIBUSD−0.0294%1h0.000005974−0.151%$1.1M$896K50xas long as short
Coinbase International 1000SHIB-PERP-INTX−0.0032%1h0.000005981−0.033%$135K$1.1M50xas long as short
dYdX SHIB-USD0.0000%1h0.000005987+0.064%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000005988+0.084%$192K$2.3M2xas long as short
gTrade (Gains Network) SHIB/USDshortL +0.0006% / S 0.0000%1h0.000005978−0.080%$564150x
Injective SHIB/USDC PERP+0.0033%1h0.000006040+0.953%$248$134K5.5xas long as short
BingX 1000SHIB-USDT+0.0080%8h0.000005982−0.017%$2.1Mas long as short
Deribit 1000SHIB_USDC-PERPETUAL+0.0085%1h0.000005979−0.067%$46K$61K25xas long as short
Lighter 1000SHIB+0.0096%1h0.000005980−0.050%$161K$613K10xas long as short
Hyperliquid kSHIB+0.0100%1h0.000005985+0.033%$3.6M$4.8M10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster 1000SHIBUSDT+0.0100%8h0.000005982−0.017%$41K$316K50xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000005981−0.034%$29.3M$102.1M75xas long as short
OKX SHIB-USDT-SWAP+0.0100%8h0.000005979−0.067%$9.3M$36.0M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000005979−0.067%$6.9M$5.8M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000005974−0.150%$29.6M$17.3M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000005979−0.067%$4.9M$2.7M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000005978−0.084%$11.2M$14.3M75xas long as short
Backpack kSHIB_USDC_PERP+0.0100%1h0.000005980−0.050%$23K$7K15xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000005979−0.067%$6K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000005997+0.234%$2K$24K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000005978−0.084%$506$5K10xas long as short
HTX SHIB-USDTlong+0.0100%8h0.000005983long leg$409K$583K75x
Phemex u1000SHIBUSDT+0.0100%8h0.000005972−0.184%$2.1M$6.7M50xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000005974−0.144%$53K$4K25xas long as short
Paradex kSHIB-USD-PERP+0.0110%8h0.000005989+0.096%$7K$1320xas long as short
Pacifica kSHIB+0.0135%1h0.000005989+0.100%$12K$4K10xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000005000−16.430%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000005987+0.067%$876K$894K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000005985+0.033%$120xas long as short