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

SHIB

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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Pacifica against Lighter−0.033%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.033% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter 1000SHIB0.0000060200.0096pay 0.0012% / 1h52m 25s$153K$286K10x
ShortPacifica kSHIB0.0000060180.0100get 0.0013% / 1h52m 25s$12K$4K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Lighter. 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
$0.84
Price spread: −0.033% → 0.000%
−$3.32
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$10.48
Costs to cover
0.080%
Break-even
94.4 days
Slippage unknown: Lighter: live order book, 22 min ago; Pacifica: 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 Lighter live order book, 22 min ago1.67 bp11.5 bp −$1272.9 bp −$729doesn't fitdoesn't fit
Sell Pacifica no order-book sample
Pacifica: 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%1h0.000006014−0.093%$23K$64K10xas long as short
Kalshi KXKSHIBPERP0.0000%8h0.000006012−0.140%$58K$1.7M2xas long as short
Deribit 1000SHIB_USDC-PERPETUAL0.0000%1h0.000006007−0.216%$46K$65K25xas long as short
gTrade (Gains Network) SHIB/USDL +0.0006% / S −0.0001%1h0.000006014−0.100%$731150xas long as short
Coinbase International 1000SHIB-PERP-INTX+0.0008%1h0.000005984−0.598%$89K$759K50xas long as short
BingX 1000SHIB-USDC+0.0080%8h0.000006012−0.133%$1.6Mas long as short
Lighter 1000SHIBlong+0.0096%1h0.000006020long leg$153K$286K10x
Aster 1000SHIBUSDT+0.0100%8h0.000006016−0.065%$36K$179K50xas long as short
Pacifica kSHIBshort+0.0100%1h0.000006018−0.033%$12K$4K10x
Binance 1000SHIBUSDT+0.0100%8h0.000006017−0.050%$29.4M$89.0M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX SHIB-USDT-SWAP+0.0100%8h0.000006012−0.133%$7.6M$28.4M50xas long as short
Gate SHIB_USDT+0.0100%8h0.000006017−0.050%$6.8M$5.4M75xas long as short
MEXC SHIB_USDT+0.0100%8h0.0000060200.000%$31.8M$15.5M300xas long as short
KuCoin SHIBUSDTM+0.0100%8h0.000006019−0.017%$4.9M$2.3M75xas long as short
Bitget SHIBUSDT+0.0100%8h0.000006016−0.066%$11.7M$12.4M75xas long as short
Orderly PERP_1000SHIB_USDC+0.0100%8h0.000006018−0.033%$7K$4K20xas long as short
SunX SHIB-USDT+0.0100%8h0.000006024+0.066%$2K$23K20xas long as short
SoDEX 1000SHIB-USD+0.0100%1h0.000006007−0.216%$544$5K10xas long as short
HTX SHIB-USDT+0.0100%8h0.000006005−0.249%$405K$615K75xas long as short
Phemex u1000SHIBUSDT+0.0100%8h0.000006003−0.282%$2.2M$5.5M50xas long as short
Paradex kSHIB-USD-PERP+0.0104%8h0.000006019−0.021%$7K20xas long as short
Extended 1000SHIB-USD+0.0104%1h0.000006015−0.091%$53K$4K25xas long as short
Injective SHIB/USDC PERP+0.0141%1h0.000005975−0.748%$245$99K5.5xas 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%8h0.000006006−0.233%$709K$942K50xas long as short
Backpack kSHIB_USDC_PERP+0.0230%1h0.000006006−0.233%$25K$5K15xas long as short
Reya kSHIBRUSDPERP+0.0323%1h0.000006019−0.011%$120xas long as short
Kraken Futures PF_SHIBUSD+0.0360%1h0.000006010−0.160%$1.1M$765K50xas long as short
Hyperliquid kSHIB+0.1016%1h0.000006031+0.183%$4.4M$3.8M10xas long as short