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−0.0874%/8h= −95.7% APRpaid last 24h −0.040%
Price spread now: SunX against Hyperliquid0.000%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds 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: −$26 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid kSHIB0.0000060200.0974pay 0.0122% / 1h51m 04s$4.4M$3.8M10x
ShortSunX SHIB-USDT0.0000060200.0100get 0.0100% / 8h1h 51m$2K$23K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Hyperliquid. 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
−$183.48
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$200.48
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; SunX: 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 Hyperliquid live order book, 11 min ago0.83 bp11.3 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell SunX no order-book sample
SunX: 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-USD0.0000%1h0.000006013−0.109%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006010−0.164%$58K$1.7M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006014−0.100%$46K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006009−0.179%$731150xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0008%1h0.000006004−0.266%$90K$761K50xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000006007−0.216%$1.6Mas long as short
Lighter 1000SHIB+0.0096%1h0.000006012−0.133%$153K$286K10xas long as short
Aster 1000SHIBUSDT+0.0100%8h0.000006006−0.225%$36K$179K50xas long as short
Pacifica kSHIB+0.0100%1h0.000006013−0.116%$12K$4K10xas long as short
Binance 1000SHIBUSDT+0.0100%8h0.000006007−0.216%$29.3M$89.0M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000006006−0.233%$7.6M$28.3M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006005−0.249%$6.8M$5.4M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.000006004−0.266%$31.7M$15.5M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006012−0.133%$4.9M$2.3M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006007−0.216%$11.7M$12.4M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006014−0.100%$7K$4K20xas long as short
SunX SHIB-USDTshort+0.0100%8h0.0000060200.000%$2K$23K20x
SoDEX 1000SHIB-USD+0.0100%1h0.000006008−0.199%$541$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006011−0.150%$405K$617K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006012−0.133%$2.2M$5.5M50xas long as short
Paradex kSHIB-USD-PERP+0.0103%8h0.000006008−0.196%$7K20xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006006−0.239%$53K$4K25xas long as short
Injective SHIB/USDC PERP+0.0141%1h0.000005975−0.748%$245$99K5.5xas long as short
Backpack kSHIB_USDC_PERP+0.0153%1h0.000006009−0.183%$25K$5K15xas long as short
GMX SHIB/USD [ETH-USDC]L +0.0213% / S −0.2404%1h0.000006000−0.332%$1K100xas long as short
BloFin SHIB-USDT+0.0220%8h0.000006003−0.282%$709K$941K50xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006006−0.239%$120xas long as short
Kraken Futures PF_SHIBUSD+0.0360%1h0.000006010−0.161%$1.1M$765K50xas long as short
Hyperliquid kSHIBlong+0.0974%1h0.000006020long leg$4.4M$3.8M10x