Funding arb · Price arb /

SHIB

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: Gate against KuCoin+0.033%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$710.707% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.033%, 7d avg −0.018%

Together, before fees−0.120%−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.050% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SHIBUSDTM	0.000006100	0.0100	pay 0.0100% / 8h	3h 56m	$4.8M	$2.8M	75x
Short	Gate SHIB_USDT	0.000006102	0.0100	get 0.0100% / 8h	3h 56m	$7.1M	$6.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.018%: $5.03
Slippage, 4 orders: −$43.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$65.68
Costs to cover: 0.707%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Gate: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 1 min ago	3.28 bp	22.8 bp −$23	52.0 bp −$520	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.64 bp	16.7 bp −$17	31.7 bp −$317	doesn't fit	doesn't fit

SHIB on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International 1000SHIB-PERP-INTX	−0.0168%	1h	0.000006092	−0.131%	$124K	$1.1M	50x	as long as short
Kraken Futures PF_SHIBUSD	−0.0064%	1h	0.000006108	+0.124%	$1.1M	$945K	50x	as long as short
dYdX SHIB-USD	0.0000%	1h	0.000006099	−0.020%	$23K	$64K	10x	as long as short
Kalshi KXKSHIBPERP	0.0000%	8h	0.000006102	+0.036%	$193K	$2.3M	2x	as long as short
gTrade (Gains Network) SHIB/USD	L +0.0006% / S 0.0000%	1h	0.000006103	+0.043%	$576	—	150x	as long as short
Injective SHIB/USDC PERP	+0.0033%	1h	0.000006040	−0.984%	$248	$134K	5.5x	as long as short
BingX 1000SHIB-USDT	+0.0080%	8h	0.000006108	+0.131%	—	$2.1M	—	as long as short
Lighter 1000SHIB	+0.0096%	1h	0.000006103	+0.049%	$161K	$608K	10x	as long as short
Aster 1000SHIBUSDT	+0.0100%	8h	0.000006110	+0.156%	$42K	$322K	50x	as long as short
Binance 1000SHIBUSDT	+0.0100%	8h	0.000006103	+0.049%	$30.3M	$106.7M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SHIB-USDT-SWAP	+0.0100%	8h	0.000006106	+0.098%	$9.7M	$37.8M	50x	as long as short
Gate SHIB_USDTshort	+0.0100%	8h	0.000006102	+0.033%	$7.1M	$6.0M	75x
MEXC SHIB_USDT	+0.0100%	8h	0.000006101	+0.016%	$31.6M	$17.9M	300x	as long as short
KuCoin SHIBUSDTMlong	+0.0100%	8h	0.000006100	long leg	$4.8M	$2.8M	75x
Bitget SHIBUSDT	+0.0100%	8h	0.000006105	+0.082%	$11.6M	$14.8M	75x	as long as short
Orderly PERP_1000SHIB_USDC	+0.0100%	8h	0.000006106	+0.098%	$7K	$4K	20x	as long as short
SunX SHIB-USDT	+0.0100%	8h	0.000006124	+0.393%	$2K	$24K	20x	as long as short
SoDEX 1000SHIB-USD	+0.0100%	1h	0.000006109	+0.148%	$488	$5K	10x	as long as short
HTX SHIB-USDT	+0.0100%	8h	0.000006110	+0.164%	$416K	$551K	75x	as long as short
Phemex u1000SHIBUSDT	+0.0100%	8h	0.000006111	+0.180%	$2.1M	$7.0M	50x	as long as short
Extended 1000SHIB-USD	+0.0104%	1h	0.000006101	+0.022%	$54K	$4K	25x	as long as short
Paradex kSHIB-USD-PERP	+0.0121%	8h	0.000006107	+0.122%	$7K	$13	20x	as long as short
Hyperliquid kSHIB	+0.0152%	1h	0.000006109	+0.148%	$3.7M	$4.8M	10x	as long as short
Pacifica kSHIB	+0.0188%	1h	0.000006101	+0.016%	$12K	$5K	10x	as long as short
GMX SHIB/USD [ETH-USDC]	L +0.0213% / S −0.2404%	1h	0.000006000	−1.639%	$1K	—	100x	as long as short
BloFin SHIB-USDT	+0.0220%	8h	0.000006109	+0.148%	$899K	$905K	50x	as long as short
Backpack kSHIB_USDC_PERP	+0.0311%	1h	0.000006115	+0.246%	$23K	$7K	15x	as long as short
Reya kSHIBRUSDPERP	+0.0323%	1h	0.000006101	+0.021%	$1	—	20x	as long as short
Deribit 1000SHIB_USDC-PERPETUAL	+0.0405%	1h	0.000006110	+0.164%	$47K	$58K	25x	as long as short